The Real Estate Sales Agreement Form is a fundamental document in property transactions within England and Wales. It serves as the primary contract between buyer and seller, establishing the legal framework for property transfer. This document is essential when any real estate transaction occurs, whether residential or commercial, and must align with English property law requirements. It includes crucial details such as property description, purchase price, completion terms, and both parties' obligations. The agreement ensures compliance with the Law of Property Act 1925 and other relevant legislation, providing legal protection for all parties involved.
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1. Parties: Details of seller and buyer, including full legal names and addresses
2. Background: Context of the sale and brief property description
3. Definitions: Key terms used throughout the agreement
4. Property Description: Detailed description of the property including title number and boundaries
5. Purchase Price: Amount and payment terms
6. Completion Date: Agreed date for completion of sale
7. Title Guarantee: Seller's warranties regarding property title
1. Fixtures and Fittings: Details of items included/excluded from sale - used when specific items need to be listed as included/excluded
2. Existing Tenancies: Details of any current tenants - used when property is sold with sitting tenants
3. Planning Permissions: Details of existing permissions - used when property has specific planning conditions
1. Property Plan: Official plan showing property boundaries
2. Fixtures and Fittings List: Detailed inventory of included/excluded items
3. Title Documents: Copies of relevant title documents
4. Environmental Reports: Any relevant environmental surveys or reports
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