Document background
The Land Purchase Advance Agreement is utilized when parties wish to structure advance payments for land acquisition before final completion. This document, governed by English and Welsh law, is particularly relevant in situations where staged payments are preferred or where development conditions need to be met before final transfer. It includes essential provisions for protecting both parties' interests, setting out payment schedules, specifying conditions precedent, and establishing clear timelines for completion. The agreement must comply with the Law of Property Act 1925 and related property legislation.
