The Commercial Property Purchase Contract is a fundamental legal document used in England and Wales for transferring ownership of business premises, industrial facilities, or other commercial real estate. This contract type is essential when businesses or investors are acquiring commercial property and requires careful consideration of property law, planning regulations, and commercial requirements. It includes crucial details about the property, price, completion terms, and any existing tenancies or encumbrances. The document must comply with the Law of Property Act 1925 and other relevant legislation governing commercial property transactions in England and Wales.
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1. Parties: Details of the seller and purchaser
2. Background: Context of the transaction and property details
3. Definitions: Key terms used throughout the agreement
4. Property Description: Detailed description of the property being sold
5. Purchase Price: Amount and payment terms
6. Completion: Completion date and requirements
7. Title Guarantee: Seller's warranties regarding property title
1. Existing Tenancies: Details of existing tenants, used when property is sold subject to tenancies
2. VAT Provisions: Required when the property is sold subject to VAT
3. Environmental Provisions: Used when there are specific environmental concerns or obligations
4. Planning Obligations: Included when specific planning conditions affect the property
1. Property Plan: Official plans showing the property boundaries
2. Title Documents: Copies of relevant title documents
3. Existing Leases: Copies of any existing lease agreements
4. Property Searches: Results of local authority and other searches
5. Environmental Reports: Any environmental surveys or reports
Relevant legal definitions
Agreement
Approved Planning Permission
Business Day
Completion
Completion Date
Contract Rate
Deposit
Encumbrances
Environmental Laws
Environmental Permits
Fixtures and Fittings
Land Registry
Local Authority
Material Contracts
Part 1 Conditions
Part 2 Conditions
Permitted Use
Planning Acts
Planning Permission
Property
Property Title Number
Purchase Price
Purchaser
Purchaser's Conveyancer
Relevant Authority
Searches
Seller
Seller's Conveyancer
Standard Conditions
Title Documents
Transfer
VAT
Working Day
Approved Planning Permission
Business Day
Completion
Completion Date
Contract Rate
Deposit
Encumbrances
Environmental Laws
Environmental Permits
Fixtures and Fittings
Land Registry
Local Authority
Material Contracts
Part 1 Conditions
Part 2 Conditions
Permitted Use
Planning Acts
Planning Permission
Property
Property Title Number
Purchase Price
Purchaser
Purchaser's Conveyancer
Relevant Authority
Searches
Seller
Seller's Conveyancer
Standard Conditions
Title Documents
Transfer
VAT
Working Day
Clauses
Sale and Purchase
Title Guarantee
Deposit
Vacant Possession
Completion
Risk and Insurance
Title Matters
Property Condition
Planning and Building Regulations
Environmental Matters
Existing Tenancies
Service Contracts
VAT
Representations and Warranties
Indemnities
Assignment
Confidentiality
Notice Provisions
Costs
Disputes Resolution
Governing Law and Jurisdiction
Entire Agreement
Third Party Rights
Property Management
Utilities and Services
Capital Allowances
Contaminated Land
Rights of Way
Restrictive Covenants
Local Authority Requirements
Title Guarantee
Deposit
Vacant Possession
Completion
Risk and Insurance
Title Matters
Property Condition
Planning and Building Regulations
Environmental Matters
Existing Tenancies
Service Contracts
VAT
Representations and Warranties
Indemnities
Assignment
Confidentiality
Notice Provisions
Costs
Disputes Resolution
Governing Law and Jurisdiction
Entire Agreement
Third Party Rights
Property Management
Utilities and Services
Capital Allowances
Contaminated Land
Rights of Way
Restrictive Covenants
Local Authority Requirements
Relevant Industries
Relevant Teams
Relevant Roles
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