Property Sell Agreement Template for England and Wales

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Key Requirements PROMPT example:

Property Sell Agreement

I need a Property Sale Agreement for selling my three-bedroom house in Manchester to a first-time buyer, with completion planned for March 2025 and including specific provisions about the garden furniture and conservatory fixtures.

Document background
The Property Sale Agreement is a fundamental legal document used in England and Wales when transferring property ownership. It serves as the definitive record of the transaction terms, protecting both parties' interests and ensuring compliance with property law. This agreement is essential for both residential and commercial property transactions, detailing everything from the purchase price and completion date to specific conditions and warranties. It must conform to the requirements of the Law of Property Act 1925 and other relevant legislation, making it a crucial document in the conveyancing process.
Suggested Sections

1. Parties: Details of seller and buyer, including full legal names and addresses

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

3. Definitions: Key terms used throughout the agreement

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

5. Purchase Price: Agreed price and payment terms

6. Completion Date: Agreed date for completion of the sale

7. Title Guarantee: Extent of title guarantee provided by seller

8. Vacant Possession: Conditions of property transfer

Optional Sections

1. Fixtures and Fittings: Details of included/excluded items in the property sale

2. Planning Permissions: Details of existing permissions and any relevant restrictions

3. Environmental Matters: Environmental considerations, warranties and relevant disclosures

Suggested Schedules

1. Schedule 1: Property Details: Detailed property description including plans and boundaries

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

3. Appendix A: Title Plan: Official Land Registry title plan

4. Appendix B: Property Information Form: Completed TA6 form

5. Appendix C: 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

Industries

Law of Property Act 1925: Fundamental legislation governing property transactions, including requirements for contracts relating to land and legal estates and interests in land

Law of Property (Miscellaneous Provisions) Act 1989: Contains Section 2 which mandates requirements for contracts to be in writing and signed, along with formal validity requirements

Land Registration Act 2002: Covers requirements for registered land, priority of interests, and registration requirements for property transactions

Consumer Rights Act 2015: Applicable when selling to consumers rather than businesses, ensuring fairness of contract terms

Stamp Duty Land Tax Act 2003: Governs tax implications of the sale and associated reporting requirements

Housing Act 2004: Addresses property conditions and health and safety requirements for residential properties

Energy Performance of Buildings Regulations 2012: Mandates Energy Performance Certificate (EPC) requirements for property sales

Money Laundering Regulations 2017: Sets out due diligence requirements and identity verification procedures for property transactions

Land Registry Practice Guidelines: Official guidance on land registration procedures and requirements

Standard Property Information Forms: Standard forms (TA6, TA10) required for property transactions containing property information

Standard Conditions of Sale (5th Edition): Default set of conditions that form part of property sale contracts unless varied by express terms

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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