The Notice Of Termination Of Real Estate Contract is a crucial legal document used in England and Wales when one party wishes to formally end a property-related agreement. This document is typically employed when conditions of the original contract have not been met, when mutual agreement to terminate exists, or when statutory grounds for termination arise. It must include specific details such as property information, parties involved, grounds for termination, and effective date, all while complying with English property law requirements. The notice serves as official documentation of the termination and helps protect both parties' legal interests.
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1. Date: Current date of notice
2. Recipient Details: Full name and address of the party receiving the notice
3. Property Details: Full address and description of the property subject to termination
4. Contract Reference: Reference to the original contract including date and parties
5. Notice of Termination: Clear statement expressing the intention to terminate the contract
6. Effective Date: Specification of when the termination takes effect
7. Grounds for Termination: Legal basis and reasons for contract termination
8. Signature Block: Space for signature, name, and date of the terminating party
1. Return of Deposits: Details regarding the return of any security deposits or other held funds
2. Property Inspection: Arrangements for final property inspection and condition assessment
3. Outstanding Payments: Reference to any outstanding payments or financial obligations
4. Key Return: Instructions for the return of property keys and access devices
5. Remedial Actions: Required actions to remedy any breaches or defaults
1. Schedule 1 - Original Contract: Copy of the original real estate contract being terminated
2. Schedule 2 - Evidence of Breach: Documentation supporting grounds for termination (if applicable)
3. Schedule 3 - Property Inventory: Current inventory and condition report of the property
4. Schedule 4 - Outstanding Obligations: List of any outstanding obligations or payments
Relevant legal definitions
Clauses
Contract Details
Notice Period
Termination Grounds
Property Description
Return of Deposit
Keys and Access
Final Inspection
Outstanding Payments
Property Condition
Utilities and Services
Removal of Possessions
Forwarding Address
Governing Law
Service of Notice
Acknowledgment
Further Assurance
Entire Agreement
Severability
Rights and Remedies
Time of Essence
Notice Period
Termination Grounds
Property Description
Return of Deposit
Keys and Access
Final Inspection
Outstanding Payments
Property Condition
Utilities and Services
Removal of Possessions
Forwarding Address
Governing Law
Service of Notice
Acknowledgment
Further Assurance
Entire Agreement
Severability
Rights and Remedies
Time of Essence
Relevant Industries
Relevant Teams
Relevant Roles
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