The Cash Sale Real Estate Contract is essential for property transactions in England and Wales where the buyer is purchasing without mortgage financing. This contract type is commonly used for straightforward property purchases, investment acquisitions, or when rapid completion is desired. It includes comprehensive details about the property, payment terms, completion arrangements, and both parties' obligations. The document must comply with the Law of Property Act 1925, Land Registration Act 2002, and other relevant legislation. It provides greater flexibility in completion timing and reduced complexity compared to mortgage-based transactions.
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1. Parties: Identification of seller and buyer with full legal names and addresses
2. Background: Context of the transaction and property overview
3. Definitions: Key terms used throughout the contract
4. Property Description: Detailed description of the property including title number and address
5. Purchase Price: Agreed purchase price and payment terms
6. Completion: Date and arrangements for completion
7. Title Guarantee: Seller's covenant regarding title
8. Vacant Possession: Confirmation of vacant possession on completion
1. Fixtures and Fittings: List of items included/excluded from sale - used when specific items need to be identified as included or excluded
2. Planning Permissions: Details of existing planning permissions - used when property has relevant planning permissions or restrictions
3. Environmental Matters: Environmental considerations and warranties - used when environmental issues are relevant to the property
4. Service Contracts: Details of ongoing service contracts - used when service contracts will be transferred to buyer
1. Property Plan: Official plan showing the property boundaries
2. Title Documents: Copies of relevant title documents
3. Fixtures and Fittings List: Detailed inventory of included/excluded items
4. Property Information Form: Standard property information provided by seller
5. Energy Performance Certificate: Current EPC for the property
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