For Sale By Owner Sales Contract for the United Kingdom

For Sale By Owner Sales Contract Template for England and Wales

A For Sale By Owner Sales Contract is a legally binding agreement used in England and Wales for direct property sales without estate agent involvement. This document outlines the terms and conditions of the property sale, including purchase price, completion date, property details, and obligations of both parties. It complies with the Law of Property Act 1925 and related legislation, providing a framework for the transfer of property ownership while protecting both seller and buyer interests.

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What is a For Sale By Owner Sales Contract?

The For Sale By Owner Sales Contract is designed for property owners in England and Wales who choose to sell their property directly without estate agent representation. This approach can reduce selling costs while maintaining legal compliance. The contract includes essential elements such as property description, price, completion terms, and both parties' obligations. It must comply with the Law of Property Act 1925, Land Registration Act 2002, and other relevant property legislation. This document is particularly useful for straightforward property transactions where sellers are confident in managing the sale process independently.

What sections should be included in a For Sale By Owner Sales Contract?

1. Parties: Identification and details of seller and buyer

2. Background: Context of the sale and property overview

3. Definitions: Key terms used throughout the contract

4. Property Description: Detailed description of the property including address and registered title number

5. Purchase Price: Agreed price and payment terms

6. Completion Date: Agreed date for completion of sale

7. Title Guarantee: Seller's confirmation of legal title

8. Vacant Possession: Confirmation of delivery of vacant possession

What sections are optional to include in a For Sale By Owner Sales Contract?

1. Fixtures and Fittings: Detailed list of items included/excluded from sale - used when specific items need to be clearly identified

2. Deposit Terms: Details of deposit amount and handling - used when a deposit is required

3. Chain Details: Information about related transactions - used when sale is part of a chain

4. Special Conditions: Any unique terms specific to this sale - used when non-standard conditions apply

What schedules should be included in a For Sale By Owner Sales Contract?

1. Schedule 1: Property Details: Detailed property information including boundaries and rights of way

2. Schedule 2: Fixtures and Fittings List: Comprehensive inventory of included/excluded items

3. Appendix A: Property Plans: Official plans and drawings of the property

4. Appendix B: EPC Certificate: Current Energy Performance Certificate

5. Appendix C: Property Information Form: Completed standard property information form

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

Document Type

Purchase Agreement

Cost

Free to use
Relevant legal definitions
Clauses
Industries

Law of Property Act 1925: Primary legislation governing land ownership, transfers, and legal formalities for property sales. Sets out fundamental requirements for contracts relating to land.

Law of Property (Miscellaneous Provisions) Act 1989: Specifies that contracts must be in writing and sets out formal requirements for validity, particularly under Section 2.

Land Registration Act 2002: Establishes requirements for property registration, legal title verification, and maintenance of ownership records.

Consumer Rights Act 2015: Provides consumer protection provisions when selling to private individuals, ensuring fair treatment and transparency.

Misrepresentation Act 1967: Establishes the duty of truthful disclosure and provides remedies for misrepresentation in property transactions.

Money Laundering Regulations 2017: Sets requirements for identity verification and source of funds checks in property transactions.

Property Misdescriptions Act 1991 principles: Although repealed, its principles remain relevant for ensuring accurate property descriptions and avoiding misleading statements.

Energy Performance Certificate (EPC) Regulations: Mandates the requirement to have a valid EPC and sets out disclosure obligations regarding energy performance.

Building Regulations: Ensures compliance with building standards and requires necessary certificates and permissions for any modifications to the property.

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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