The Home Sale Contract By Owner is designed for property sellers in England and Wales who choose to conduct their sale without an estate agent's involvement. This approach can reduce selling costs while maintaining legal compliance. The contract includes essential elements required by English and Welsh law, such as property description, purchase price, completion arrangements, and title guarantees. It's particularly useful for straightforward property transactions where sellers are confident in managing the sale process directly. The document must comply with the Law of Property Act 1925, Land Registration Act 2002, and other relevant property legislation.
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1. Parties: Identification of seller and buyer with 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 address and registration details
5. Purchase Price: Agreed price and payment terms
6. Completion Date: Agreed date for completion of the sale
7. Title Guarantee: Seller's confirmation of legal ownership and right to sell
8. Vacant Possession: Confirmation of property handover conditions
1. Fixtures and Fittings: List of items included/excluded from sale - use when specific items need to be clarified as included or excluded
2. Conditional Clauses: Specific conditions that must be met before completion - use when sale depends on specific conditions (e.g., mortgage approval)
3. Chain Details: Information about related property transactions - use when either party is involved in a property chain
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 containing detailed property information
4. Energy Performance Certificate: Mandatory energy efficiency rating document
5. Title Documents: Copies of relevant title documents and registers
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