Law of Property Act 1925: Primary legislation governing land ownership and transfers in England and Wales. Sets out fundamental requirements for legal estates in land and property transactions.
Land Registration Act 2002: Establishes the requirements for registration of land and handling of title transfers. Essential for ensuring proper documentation and recording of land ownership.
Consumer Credit Act 1974: Regulates credit agreements and provides consumer protection provisions. Particularly relevant if the lot installment agreement involves private buyers.
Contracts (Rights of Third Parties) Act 1999: Governs the impact on third-party rights and enforcement provisions in contractual agreements.
Consumer Rights Act 2015: Ensures fairness of contract terms and provides consumer protection measures. Applicable when dealing with consumer buyers.
Town and Country Planning Act 1990: Covers planning permissions and land use restrictions that may affect the lot being sold.
Land Charges Act 1972: Deals with registration of charges and priority of interests in land transactions.
Unfair Contract Terms Act 1977: Ensures reasonableness of contract terms and addresses limitation of liability in contractual agreements.
Money Laundering Regulations 2017: Sets out due diligence requirements and identity verification procedures for property transactions.
Finance Act: Covers Stamp Duty Land Tax considerations and other tax implications related to land transactions.
