A Contract For Selling A House Privately is essential when conducting a property sale without the involvement of estate agents in England and Wales. This document is specifically designed for private property transactions where the seller and buyer wish to handle the sale directly. It includes crucial elements such as property description, purchase price, completion arrangements, and both parties' obligations. The contract ensures compliance with the Law of Property Act 1925 and other relevant property legislation while providing legal protection for all parties involved. It's particularly useful for reducing transaction costs while maintaining legal security in property sales.
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1. Parties: Details of seller and buyer including full legal names and addresses
2. Background: Context of the sale and basic property information
3. Definitions: Key terms used throughout the agreement
4. Property Description: Detailed description of the property including address and title number
5. Purchase Price: Agreed purchase price and payment terms
6. Completion Date: Agreed date for completion of the sale
7. Title Guarantee: Seller's confirmation of good title
8. 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 as included or excluded
2. Existing Tenancies: Details of any existing tenants and agreements - use when property is sold with sitting tenants
3. Property Maintenance: Obligations regarding property condition before completion - use when specific maintenance requirements need to be agreed
4. Planning Permissions: Details of existing permissions or restrictions - use when property has specific planning conditions
1. Property Plan: Official plan showing property boundaries
2. Fixtures and Fittings List: Detailed inventory of items included/excluded from sale
3. Property Information Form: Standard form providing detailed property information
4. Title Documents: Copies of relevant title documents and registers
5. Energy Performance Certificate: Mandatory energy efficiency assessment
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