The Agreement Letter for Selling a Property is commonly used in England and Wales as an initial step in the property sale process. This document is typically prepared after initial negotiations have concluded but before the formal exchange of contracts. It captures key details such as the property description, agreed purchase price, deposit arrangements, and anticipated completion date. While not legally binding in the same way as the final contract, it serves as a crucial reference point for solicitors preparing the formal documentation and helps prevent misunderstandings between parties.
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1. Property Details: Full address and description of the property being sold
2. Parties' Information: Names and addresses of buyer and seller
3. Purchase Price: Agreed sale price and payment terms
4. Completion Date: Proposed date for completing the sale
5. Title Confirmation: Seller's confirmation of legal ownership
1. Fixtures and Fittings: List of items included/excluded in sale, used when specific items need clarification
2. Special Conditions: Any unique terms or conditions, used when standard terms need modification
3. Tenant Details: Information about existing tenancies, used if property is currently let
1. Property Title Register: Official copy of the property's title from Land Registry
2. Energy Performance Certificate: Current EPC rating and report
3. Property Information Form: Standard form containing detailed property information
4. Fixtures and Fittings List: Detailed inventory of items included in the sale
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