Resale Property Agreement For Sale for the United Kingdom

Resale Property Agreement For Sale Template for England and Wales

A legally binding agreement governed by the laws of England and Wales that facilitates the sale and purchase of residential property between a seller and buyer. This document outlines the terms and conditions of the property transfer, including purchase price, completion date, property details, and any special conditions. It incorporates required statutory provisions and standard conveyancing protocols while ensuring compliance with Land Registry requirements and consumer protection regulations.

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What is a Resale Property Agreement For Sale?

The Resale Property Agreement For Sale is a fundamental document in English and Welsh property transactions, used when transferring ownership of residential property between private parties. It serves as the primary contract defining the terms of sale, protecting both buyer and seller interests, and ensuring compliance with Land Registry requirements. This agreement is essential for documenting the transfer of legal title, setting out payment terms, and establishing completion arrangements. It includes critical information about the property, any restrictions or encumbrances, and specific conditions of sale.

What sections should be included in a Resale Property Agreement For Sale?

1. Parties: Details of the 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 registered address

5. Sale Price: Purchase price and payment terms

6. Completion: Details of completion date and process

7. Title Guarantee: Seller's confirmation of title and any restrictions

8. Vacant Possession: Confirmation of vacant possession on completion

What sections are optional to include in a Resale Property Agreement For Sale?

1. Leasehold Provisions: Additional terms and conditions specific to leasehold properties, including service charges and ground rent provisions

2. Chattels: Detailed provisions regarding moveable items included or excluded from the sale

3. Planning Restrictions: Specific terms relating to any planning constraints or conditions affecting the property

What schedules should be included in a Resale Property Agreement For Sale?

1. Schedule 1 - Property Details: Detailed property specification including boundaries and rights

2. Schedule 2 - Chattels List: Inventory of items included in the sale

3. Appendix A - Title Plan: Official copy of title plan from Land Registry

4. Appendix B - Property Information Form: Completed TA6 form with property information

5. Appendix C - Fittings and Contents Form: Completed TA10 form detailing included items

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

Cost

Free to use
Relevant legal definitions
Clauses
Industries

Law of Property Act 1925: Core legislation defining legal estates and interests in land, requirements for property transfers, and basic contractual requirements for property transactions in England and Wales

Land Registration Act 2002: Governs the registration of land ownership, sets requirements for title registration, establishes priority of interests, and defines Land Registry procedures

Consumer Protection from Unfair Trading Regulations 2008: Establishes requirements for fair trading practices, including disclosure requirements and prevention of misleading omissions in property transactions

Landlord and Tenant Act 1985: Relevant for leasehold properties, defining landlord's obligations, service charges, and ground rent provisions

Housing Act 2004: Sets standards for property conditions through the Housing Health and Safety Rating System and related property requirements

Contracts (Rights of Third Parties) Act 1999: Governs how third-party rights are handled in property contracts and agreements

Consumer Rights Act 2015: Ensures fairness and transparency in contract terms, particularly relevant for consumer protection in property transactions

Money Laundering Regulations 2017: Establishes requirements for due diligence and identity verification in property transactions to prevent money laundering

Land Registry Practice Guides: Official guidance documents providing detailed instructions for land registration and property transactions

Law Society Protocol: Standard procedures and guidelines for residential conveyancing established by the Law Society of England and Wales

RICS Guidelines: Professional standards and guidance issued by the Royal Institution of Chartered Surveyors for property transactions

Energy Performance Certificate Regulations: Requirements for energy performance assessment and certification of properties being sold or leased

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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