🏰 Sale of residential land

About this category

A sale of residential land generally covers the sale of a piece of land on which a home is built or is going to be built. The land may be sold with or without a home on it. The sale may also include outbuildings, such as a garage, and any landscaping features, such as a fence or a pool.

🏰 Sale of residential land

templates

Short Form Contract For Sale Of Property (UK Residential Land)

This is a contract for the sale of residential land, either freehold or leasehold, that incorporates the Standard Conditions of Sale (Fifth Edition - 2018 Revision). It is suitable for use in straightforward residential property transactions where the conveyancers acting for the parties are following the Law Society Conveyancing Protocol.

What to watch out for

  • That the contract is in short form;
  • That it incorporates the Standard Conditions of Sale (Fifth Edition
  • 2018 Revision);
  • That it is suitable for use in straightforward residential property transactions;
  • That the conveyancers acting for the parties are following the Law Society Conveyancing Protocol.
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    Standard Notice to Complete (SCS 2018)

    This document is a notice that must be given under Condition 6.8 of the Standard Conditions of Sale (Fifth Edition) or the Standard Conditions of Sale (Fifth Edition - 2018 Revision) (SCS) if completion has not occurred on the contractual completion date by the time specified in SCS 6.1.2. The notice makes time of the essence and requires the completion of the contract.

    What to watch out for

  • That completion has not occurred on the contractual completion date by the time specified in SCS 6.1.2.
  • The notice makes time of the essence and requires the completion of the contract.
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    Associated business activities

    Make time of the essence

    contract 1. Making time of the essence means that the specified timeframe in the contract becomes legally binding, and if either party fails to meet the deadline, the other party can sue for breach of contract. 2. This is often used in real estate contracts to ensure that the buyer and seller are both committed to completing the transaction in a timely manner. 3. It can also be used in other types of contracts to protect one party from the other party's failure to perform their obligations in a timely manner.

    Sell land

    contract 1. The owner may need to raise money quickly, and selling the land is the best way to do that. 2. The owner may no longer have a use for the land, or may need to downsize their property portfolio. 3. The owner may be moving to a different area and no longer need the land.

    Sell residential land

    1. The owner may need to sell the property due to financial difficulties. 2. The owner may want to sell the property in order to move to a different location. 3. The owner may simply be ready to retire and wants to downsize.

    Legal firms who might be able to help

    Note: Although we list lawyers as well as legal firms who may be able to help, this does not indicate that the listed law firms have an affiliation or partnership with Genie AI.

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