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Real Estate Buyout Agreement Template
I need a Real Estate Buyout Agreement Template for purchasing my business partner's 50% share in our commercial property in Manchester, with completion planned for March 2025. The property has existing tenants and environmental considerations that need to be addressed.
1. Parties: Identification and details of all parties involved in the buyout
2. Background: Context and purpose of the agreement
3. Definitions: Key terms used throughout the agreement
4. Property Description: Detailed description of the property including title number
5. Purchase Price: Amount and payment terms
6. Completion: Terms and timing of completion
7. Title Guarantee: Warranties regarding property title
1. Conditions Precedent: Additional conditions that must be met before completion - used when specific conditions must be satisfied before the buyout can proceed
2. VAT Provisions: VAT treatment of the transaction - required for commercial properties or when VAT election is in place
3. Environmental Provisions: Environmental warranties and indemnities - included when environmental risks are identified
1. Schedule 1 - Property Details: Detailed property specification and plans
2. Schedule 2 - Title Documents: List of relevant title documents
3. Schedule 3 - Incumbrances: Details of any existing charges, restrictions, or covenants
4. Appendix A - Property Plans: Official plans and drawings of the property
5. Appendix B - Title Register: Official copy of the land registry title
Authors
Business Day
Completion
Completion Date
Consideration
Deposit
Encumbrances
Environmental Laws
Existing Partners
Land Registry
Long Stop Date
Parties
Planning Laws
Property
Property Rights
Purchase Price
Purchaser
Seller
SDLT
Title Documents
Title Number
Transfer
VAT
Warranties
Working Hours
Sale and Purchase
Purchase Price
Deposit
Title Guarantee
Property Transfer
Completion
Vacant Possession
Conditions Precedent
Due Diligence
Warranties
Environmental Matters
Planning
VAT
SDLT
Assignments
Encumbrances
Title Covenants
Representations
Property Rights
Insurance
Notices
Confidentiality
Costs
Governing Law
Dispute Resolution
Entire Agreement
Severability
Force Majeure
Third Party Rights
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