The Real Estate Bill of Sale Contract is a fundamental document in property transactions within England and Wales. It serves as the primary evidence of property transfer and is required for registration with the Land Registry. This document is essential when transferring ownership of any real property, whether residential or commercial. It must comply with the Law of Property Act 1925 and Land Registration Act 2002, among other relevant legislation. The contract includes crucial details about the property, parties involved, purchase price, warranties, and completion arrangements. It provides legal protection for both buyer and seller while ensuring proper documentation of the transaction.
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1. Parties: Identification and details of the seller and buyer
2. Background: Context of the sale and property history
3. Definitions: Key terms used throughout the document
4. Property Description: Detailed description of the property being sold
5. Purchase Price: Amount and payment terms
6. Transfer of Title: Terms of ownership transfer
7. Representations and Warranties: Seller's declarations about the property
8. Completion: Details of completion process and timing
1. Fixtures and Fittings: List of items included/excluded from sale - use when specific items need to be clearly identified as included or excluded
2. Environmental Matters: Environmental considerations and warranties - use when property has potential environmental issues
3. Planning Permissions: Details of existing planning permissions - use when property has specific planning conditions or restrictions
4. Tenant Details: Information about existing tenancies - use when property is sold with sitting tenants
1. Property Title Documents: Copies of title deeds and registration documents
2. Property Plan: Detailed plans showing property boundaries
3. Fixtures and Fittings Inventory: Detailed list of included items
4. Planning Permissions and Certificates: Copies of relevant planning documents
5. Environmental Reports: Any relevant environmental surveys or reports
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