The Simple Real Estate Purchase Agreement Between Family Members is designed for use in England and Wales when transferring property ownership between related parties. It provides a streamlined alternative to standard property purchase agreements while ensuring legal compliance and protection for all parties involved. The document includes essential elements such as property description, purchase price, completion details, and any special family arrangements, while potentially offering more flexible terms than commercial transactions. It's particularly useful for situations involving inherited property, family restructuring, or helping family members onto the property ladder.
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1. Parties: Identification of buyer and seller with full legal names and addresses
2. Background: Context of the family relationship and reason for transfer
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 purchase price and payment terms
6. Completion Date: Date for completion of the transfer
7. Title Guarantee: Level of title guarantee provided by seller
8. Execution: Signature blocks and execution provisions
1. Mortgage Details: Required if property is subject to mortgage or new mortgage is being arranged
2. Special Conditions: Any specific family arrangements or conditions that affect the transfer
3. Rights Reserved: Any rights retained by seller over the property after transfer
4. Future Interests: Provisions for future family interests in the property
1. Property Schedule: Detailed property description including plans and boundaries
2. Fixtures and Fittings Schedule: List of included and excluded items in the property sale
3. Title Documents Schedule: Copies of relevant title documents and land registry information
4. Family Agreement Schedule: Additional family arrangements or understandings related to the property transfer
Relevant legal definitions
Agreement
Property
Purchase Price
Completion Date
Seller
Buyer
Title Documents
Encumbrances
Fixtures and Fittings
Family Relationship
Transfer
Title Number
Land Registry
Completion
Deposit
Working Day
Title Guarantee
Mortgagee
Property Rights
Vacant Possession
Contract Rate
Parties
Special Conditions
Stamp Duty Land Tax
VAT
Property
Purchase Price
Completion Date
Seller
Buyer
Title Documents
Encumbrances
Fixtures and Fittings
Family Relationship
Transfer
Title Number
Land Registry
Completion
Deposit
Working Day
Title Guarantee
Mortgagee
Property Rights
Vacant Possession
Contract Rate
Parties
Special Conditions
Stamp Duty Land Tax
VAT
Clauses
Sale and Purchase
Purchase Price
Deposit
Title Guarantee
Property Transfer
Completion
Representations and Warranties
Vacant Possession
Property Condition
Fixtures and Fittings
Encumbrances
Family Arrangements
Special Conditions
Payment Terms
Tax Matters
Registration
Notice Requirements
Further Assurance
Costs
Assignment
Entire Agreement
Severability
Governing Law
Jurisdiction
Variation
Execution
Purchase Price
Deposit
Title Guarantee
Property Transfer
Completion
Representations and Warranties
Vacant Possession
Property Condition
Fixtures and Fittings
Encumbrances
Family Arrangements
Special Conditions
Payment Terms
Tax Matters
Registration
Notice Requirements
Further Assurance
Costs
Assignment
Entire Agreement
Severability
Governing Law
Jurisdiction
Variation
Execution
Relevant Industries
Relevant Teams
Relevant Roles
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