The For Sale By Owner Offer To Purchase Contract is utilized when property owners choose to sell their property directly to buyers without intermediary estate agents. This approach, while potentially cost-saving, requires careful attention to legal requirements under English and Welsh law. The contract must include specific elements such as property details, purchase price, completion terms, and any conditions precedent. It serves as the foundation for the property transfer and must comply with the Law of Property Act 1925, Land Registration Act 2002, and other relevant property legislation in England and Wales.
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1. Parties: Identification of buyer and seller with full legal names and addresses
2. Background: Context of the sale and basic property information
3. Definitions: Key terms used throughout the contract
4. Property Description: Detailed description of the property including address and registration details
5. Purchase Price: Agreed purchase price and payment terms
6. Deposit: Amount and terms of deposit payment
7. Completion Date: Agreed date for completion of sale
8. Title Guarantee: Seller's confirmation of legal title
9. Vacant Possession: Confirmation of property handover conditions
1. Fixtures and Fittings: Details of items included/excluded from sale - use when specific items need to be listed
2. Planning Permissions: Details of existing permissions or restrictions - use when property has specific planning conditions
3. Environmental Matters: Environmental issues or warranties - use when environmental concerns exist
4. Leasehold Provisions: Specific terms for leasehold properties - use for leasehold properties only
1. Property Plan: Detailed plan showing property boundaries
2. Fixtures and Fittings List: Comprehensive inventory of included/excluded items
3. Title Documents: Copies of relevant title documents
4. Property Information Form: Standard property information provided by seller
5. Energy Performance Certificate: Current EPC for the property
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