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Real Estate Sellers Contract Template for England and Wales

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Key Requirements PROMPT example:

Real Estate Sellers Contract

"I need a Real Estate Sellers Contract for the sale of a commercial warehouse property in Manchester, with specific provisions for existing tenant arrangements and environmental warranties, planned for completion in March 2025."

Document background
The Real Estate Sellers Contract serves as the primary legal document governing property sales in England and Wales. It is essential when transferring ownership of real property, whether residential or commercial. The contract must comply with strict statutory requirements, including those set out in the Law of Property Act 1925 and the Law of Property (Miscellaneous Provisions) Act 1989. It includes crucial information about the property, price, completion dates, warranties, and any special conditions of sale. This document forms the backbone of property transactions and provides legal protection for all parties involved.
Suggested Sections

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 contract

4. Property Description: Detailed description of the property including title number and boundaries

5. Purchase Price: Agreed price and payment terms

6. Completion: Completion date and process

7. Title Guarantee: Extent of title guarantee provided by seller

8. Seller's Warranties: Standard warranties about the property's condition and title

Optional Sections

1. Tenant Provisions: Required if property is sold subject to existing tenancies

2. Planning Permissions: Details of existing planning permissions and restrictions

3. Environmental Provisions: Environmental warranties and indemnities for properties with potential environmental issues

Suggested Schedules

1. Property Plan: Official plan showing property boundaries

2. Fixtures and Fittings: List of included and excluded items

3. Property Information Form: Standard form containing detailed property information

4. Title Documents: Copies of relevant title documents

5. Energy Performance Certificate: Current EPC for the property

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions






























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Relevant Industries
Relevant Teams
Relevant Roles
Industries

Law of Property Act 1925: Fundamental legislation that defines legal estates in land, sets out requirements for land contracts, and establishes basic property rights

Law of Property (Miscellaneous Provisions) Act 1989: Contains Section 2 which mandates that contracts must be in writing and sets out formal requirements for contract validity

Land Registration Act 2002: Governs the registration requirements for property, title information, and establishes the priority of interests in land

Consumer Protection from Unfair Trading Regulations 2008: Sets out disclosure obligations, prohibits misleading omissions, and establishes consumer protection requirements in property transactions

Estate Agents Act 1979: Defines duties of estate agents, disclosure requirements, and professional obligations in property transactions

Housing Act 2004: Establishes requirements for property conditions and health and safety standards in residential properties

Landlord and Tenant Act 1985: Relevant if property is currently tenanted - covers tenant rights and notice requirements

Money Laundering Regulations 2017: Establishes identity verification requirements and due diligence obligations in property transactions

Consumer Rights Act 2015: Ensures fairness of contract terms and transparency requirements in consumer transactions

Defective Premises Act 1972: Covers property condition warranties and establishes liability for defects in properties

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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