Document background
The Purchase of House Agreement is a fundamental legal document used in residential property transactions in England and Wales. It serves as the primary contract between buyer and seller, detailing all aspects of the property sale including price, completion dates, and specific conditions. This agreement is essential for ensuring compliance with the Law of Property Act 1925 and Land Registration Act 2002, while providing clear documentation of the transaction terms. It should be used whenever a residential property is being sold, whether in a straightforward transaction or as part of a property chain. The agreement typically includes property details, title guarantees, and various warranties to protect both parties.
