The Land Selling Agreement Letter is a crucial document in English and Welsh property transactions, typically used when parties have reached an agreement on the sale of land or property but haven't yet proceeded to formal contracts. This document outlines key terms including property details, price, completion dates, and any special conditions. It serves as a precursor to the formal contract of sale and, while not legally binding in itself, sets out the parties' intentions and forms the basis for the subsequent legal documentation. The letter should comply with relevant property legislation in England and Wales and is particularly important in establishing clear communication between parties during the pre-contract phase.
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1. Sender and Recipient Details: Full names and addresses of both parties involved in the land sale
2. Property Description: Detailed description of the property including address, title number, and relevant boundaries
3. Purchase Price: Statement of the agreed purchase price and payment terms
4. Completion Date: Proposed date for completion of sale and property transfer
5. Title Guarantee: Statement of title guarantee being offered by the seller
1. Deposit Details: Details of deposit amount and payment terms, if a deposit is required
2. Condition Precedents: Any conditions that must be met before the sale can proceed
3. Chain Details: Information about property chain if the sale is part of a linked transaction
4. Special Conditions: Any special conditions or requirements specific to this sale
1. Property Title Register: Official copy of the land registry entry for the property
2. Property Plan: Official plan showing boundaries and extent of the property
3. Property Information Form: Completed standard form containing detailed property information
4. Fittings and Contents Form: Detailed list of items included and excluded from the sale
5. Energy Performance Certificate: Current EPC for the property as required by law
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