Contract To Sell Real Property for the United Kingdom

Contract To Sell Real Property Template for England and Wales

A Contract to Sell Real Property is a legally binding agreement governed by the laws of England and Wales, which documents the terms and conditions for the sale and purchase of real estate. The contract includes essential details such as property description, purchase price, completion date, and conditions of sale, while ensuring compliance with the Law of Property Act 1925 and related legislation. It serves as the primary document establishing the rights and obligations of both seller and buyer throughout the property transfer process.

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What is a Contract To Sell Real Property?

A Contract to Sell Real Property is essential for any real estate transaction in England and Wales. This document is used when transferring ownership of real property from one party to another, whether residential or commercial. It outlines all crucial aspects of the sale, including property details, price, completion timeline, and any special conditions. The contract must comply with specific requirements under English law, particularly the Law of Property Act 1925 and the Law of Property (Miscellaneous Provisions) Act 1989. It serves as the foundational document for the conveyancing process and provides legal protection for all parties involved.

What sections should be included in a Contract To Sell Real Property?

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 contract

4. Property Description: Detailed description of the property being sold

5. Purchase Price: Amount and payment terms

6. Completion Date: Date for completion of the sale

7. Title Guarantee: Seller's confirmation of title

8. Vacant Possession: Terms of property handover

What sections are optional to include in a Contract To Sell Real Property?

1. Fixtures and Fittings: Details of items included/excluded from sale - use when specific items need to be listed

2. Planning Permissions: Details of existing permissions - use when property has planning conditions

3. Existing Tenancies: Details of current tenants - use when property is sold with tenants in situ

4. Environmental Matters: Environmental considerations or risks - use when environmental issues are present

What schedules should be included in a Contract To Sell Real Property?

1. Property Plan: Official plan showing boundaries and extent of property

2. Title Documents: Copies of title register and plan

3. Fixtures and Fittings Inventory: Detailed list of included/excluded items

4. Property Information Form: Standard form providing detailed property information

5. Energy Performance Certificate: Current EPC for the property

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

England and Wales

Publisher

Genie AI

Cost

Free to use
Relevant legal definitions
Clauses
Industries

Law of Property Act 1925: Fundamental legislation that defines legal estates in land, sets out requirements for land contracts, and establishes basic principles of property law in England and Wales

Law of Property (Miscellaneous Provisions) Act 1989: Key legislation requiring land contracts to be in writing, incorporating all expressly agreed terms, and signed by all parties (particularly Section 2)

Land Registration Act 2002: Governs the registration of land in England and Wales, including title verification process and post-completion registration requirements

Consumer Protection from Unfair Trading Regulations 2008: Regulations protecting consumers in property transactions, including requirements for disclosure and prevention of misleading omissions

Estate Agents Act 1979: Legislation governing estate agent conduct, including disclosure requirements and commission arrangements in property transactions

Money Laundering Regulations 2017: Regulations requiring identity verification and source of funds checks in property transactions to prevent money laundering

Contracts (Rights of Third Parties) Act 1999: Legislation governing how third party rights are handled in contractual arrangements, including property contracts

Housing Act 2004: Legislation setting out property condition requirements and health and safety considerations for residential properties

Teams

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