The Conditional Deed of Sale of Real Property is essential for property transactions where completion is dependent on specific conditions being fulfilled. This document is commonly used in England and Wales when parties wish to agree to a property sale subject to various prerequisites, such as obtaining planning permission, completing due diligence, or securing financing. The deed must comply with strict legal requirements and typically includes detailed property descriptions, precise conditions, timeframes, and consequences of condition fulfillment or failure. It provides a structured framework for complex property transactions while protecting the interests of all parties involved.
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1. Parties: Details of the seller and buyer, including full legal names and addresses
2. Background: Context of the transaction and property details
3. Definitions: Key terms used throughout the deed
4. Property Description: Detailed description of the property being sold
5. Purchase Price: Amount and payment terms
6. Conditions Precedent: Conditions that must be met before completion
7. Completion: Terms and process for completion of the sale
8. Title Guarantee: Extent of title guarantee provided by seller
9. Execution: Formal execution provisions
1. Environmental Matters: Additional provisions dealing with environmental considerations and risks for properties with known environmental issues
2. Planning Permissions: Specific provisions relating to planning permissions, conditions or ongoing applications
3. Tenant Rights: Provisions dealing with existing tenancies and tenant protection measures
4. Service Charges: Provisions covering service charge arrangements for leasehold properties or those with ongoing service obligations
1. Property Plan: Official plan showing the property boundaries and location
2. Title Documents: Copies of relevant title documents and registers
3. Fixtures and Fittings: List of included and excluded items
4. Planning Permissions: Copies of relevant planning permissions and certificates
5. Environmental Reports: Any relevant environmental surveys or reports
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