The Simple Lot Purchase Agreement is a fundamental legal instrument used in England and Wales for the transfer of undeveloped land parcels. This agreement is particularly suitable when parties need a straightforward mechanism for land acquisition without complex development provisions or conditional elements. It covers essential aspects including property description, price, completion mechanics, and statutory compliance requirements. The document is designed to protect both parties' interests while ensuring the transaction meets Land Registry requirements and relevant property legislation.
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1. Parties: Identification and details of the seller and purchaser
2. Background: Context of the transaction and brief property description
3. Definitions: Key terms used throughout the agreement
4. Property Description: Detailed description of the lot including boundaries and rights
5. Purchase Price: Amount and payment terms
6. Completion: Date and requirements for completion
7. Title: Title warranties and requirements
8. Seller's Obligations: Pre and post-completion obligations
9. Buyer's Obligations: Pre and post-completion obligations
1. Planning Conditions: Used when the purchase is subject to planning permission
2. Environmental Provisions: Environmental warranties and indemnities for identified environmental risks
3. Overage Provisions: Future payment obligations based on development potential
4. Service Media: Rights and obligations regarding utilities and shared services
1. Plan: Property plan showing boundaries and access
2. Title Documents: Copies of relevant title documents
3. Rights and Reservations: Details of rights granted and reserved
4. Planning Documents: Relevant planning permissions and information
Relevant legal definitions
Agreement
Business Day
Completion
Completion Date
Contract Rate
Deposit
Encumbrances
Environmental Laws
Land Registry
Legal Charge
Loss
Option Period
Parties
Planning Acts
Planning Permission
Property
Purchase Price
Receiver
Seller's Solicitors
Buyer's Solicitors
Service Media
Title Documents
Title Number
Transfer
VAT
Working Hours
Business Day
Completion
Completion Date
Contract Rate
Deposit
Encumbrances
Environmental Laws
Land Registry
Legal Charge
Loss
Option Period
Parties
Planning Acts
Planning Permission
Property
Purchase Price
Receiver
Seller's Solicitors
Buyer's Solicitors
Service Media
Title Documents
Title Number
Transfer
VAT
Working Hours
Clauses
Title Guarantee
Deposit
Vacant Possession
Completion
Risk and Insurance
Title Matters
Registration
Planning
Environmental
Representations and Warranties
Transfer of Rights
Boundaries
Access Rights
Service Media
Payment Terms
VAT
Land Registry Requirements
Notices
Assignment
Entire Agreement
Severance
Third Party Rights
Governing Law
Jurisdiction
Force Majeure
Further Assurance
Confidentiality
Costs
Variation
Termination
Deposit
Vacant Possession
Completion
Risk and Insurance
Title Matters
Registration
Planning
Environmental
Representations and Warranties
Transfer of Rights
Boundaries
Access Rights
Service Media
Payment Terms
VAT
Land Registry Requirements
Notices
Assignment
Entire Agreement
Severance
Third Party Rights
Governing Law
Jurisdiction
Force Majeure
Further Assurance
Confidentiality
Costs
Variation
Termination
Relevant Industries
Relevant Teams
Relevant Roles
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