For Sale By Owner Agreement Template for England and Wales

The For Sale By Owner Agreement is used when property owners decide to sell their property directly to buyers without using an estate agent's services. This approach can reduce selling costs but requires a comprehensive legal agreement to ensure all aspects of the sale are properly documented and legally compliant. The agreement must comply with English and Welsh property law, including the Law of Property Act 1925, Land Registration Act 2002, and relevant consumer protection legislation. It typically includes detailed property information, price terms, completion arrangements, and necessary warranties.

1. Parties: Identification and details of the seller and buyer

2. Background: Context of the sale and brief property description

3. Definitions: Key terms used throughout the agreement

4. Property Details: Comprehensive description of the property including title number, boundaries, and fixtures/fittings

5. Purchase Price: Agreed price and payment terms

6. Deposit: Amount, payment terms, and protection arrangements

7. Completion: Timeline and process for completing the sale

8. Seller's Warranties: Standard warranties about property ownership and condition

9. Termination: Circumstances and process for terminating the agreement