The Letter of Offer to Sell Property is a crucial document in English and Welsh property transactions that initiates the formal sale process. It is typically used when a property owner wishes to document their formal intention to sell a specific property to a potential buyer. The document includes essential details such as the property description, proposed price, payment terms, and any specific conditions of sale. While not legally binding, it serves as a foundation for the subsequent contract of sale and helps ensure all parties have a clear understanding of the proposed transaction terms.
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1. Seller's Details: Full legal name and address of the property owner offering the property for sale
2. Property Description: Detailed description of the property including full address, title number, and key features
3. Offer Price: Clear statement of the proposed sale price and any VAT implications
4. Payment Terms: Details of how and when payment is to be made, including deposit requirements
5. Offer Validity: Specification of how long the offer remains open for acceptance
1. Conditional Terms: Any conditions that must be met before sale completion, such as survey requirements or planning permissions
2. Fixtures and Fittings: Specific list of items included or excluded from the sale price
3. Chain Details: Information about any property chain implications and related timelines
4. Mortgage Details: Information about any existing mortgage or charges on the property
1. Schedule 1 - Property Title Documents: Copy of title register and plan from Land Registry
2. Schedule 2 - Energy Performance Certificate: Current EPC showing energy efficiency rating of the property
3. Schedule 3 - Property Information Form: Standard form providing detailed information about the property condition and history
4. Schedule 4 - Fixtures and Fittings List: Detailed inventory of items included in or excluded from the sale
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