The Sale Agreement With Possession is a fundamental document in property transactions within England and Wales. It is typically used when transferring ownership of real property, whether residential or commercial, and includes specific provisions for the transfer of possession. This agreement is essential for establishing the legal framework of the sale, protecting both parties' interests, and ensuring compliance with property law requirements. It includes detailed terms about the property, price, completion timing, and possession arrangements, making it particularly useful for transactions where immediate or deferred possession is a key consideration.
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1. Parties: Identification and details of seller and buyer
2. Background: Context of the sale and brief property description
3. Definitions: Key terms used throughout the agreement
4. Sale and Purchase: Core terms of the transaction including price and property details
5. Title: Seller's title guarantee and any restrictions
6. Completion: Date, time, and mechanics of completion
7. Possession: Terms of possession transfer and vacant possession requirements
8. Title Deeds: Handling and transfer of title documents
1. Tenant Provisions: Required if property is sold subject to existing tenancies
2. Planning Permissions: Details of existing permissions or restrictions
3. Environmental Matters: Environmental warranties and indemnities
1. Property Schedule: Detailed description of the property including plans and boundaries
2. Title Documents: Copies of relevant title documents and registers
3. Fixtures and Fittings: List of included and excluded items
4. Existing Tenancies: Details of any existing tenancy agreements
5. Property Information Form: Standard form containing detailed property information
Relevant legal definitions
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