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Residential Resale Contract Template for England and Wales

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Key Requirements PROMPT example:

Residential Resale Contract

"I need a Residential Resale Contract for the sale of my three-bedroom house in Manchester to a first-time buyer, with completion planned for March 2025 and including specific provisions about retaining the fitted wardrobes and garden shed."

Document background
The Residential Resale Contract is a fundamental legal document used in England and Wales for the transfer of residential property ownership between private parties. It serves as the primary agreement governing the sale and purchase of previously owned residential properties, ensuring compliance with the Law of Property Act 1925 and other relevant legislation. This contract type is essential for protecting both buyers' and sellers' interests, incorporating necessary provisions for title transfer, property conditions, and completion arrangements. It includes crucial details about the property, price, timing, and specific conditions of sale, while ensuring compliance with consumer protection regulations and standard conveyancing practices.
Suggested Sections

1. Parties: Details of seller and buyer, including full names and addresses

2. Background: Context of the sale and basic property information

3. Definitions: Key terms used throughout the contract

4. Property Description: Detailed description of the property being sold

5. Purchase Price: Amount and payment terms

6. Completion Date: Agreed date for completion of the sale

7. Title Guarantee: Seller's warranties regarding property title

8. Vacant Possession: Conditions of property handover

Optional Sections

1. Fixtures and Fittings: Detailed list of items included/excluded from sale - use when specific items need to be clearly identified

2. Planning Permissions: Details of existing permissions - use when property has relevant planning permissions or restrictions

3. Chain Details: Information about related transactions - use when sale is part of a property chain

Suggested Schedules

1. Schedule 1: Property Details: Detailed property description including boundaries and rights

2. Schedule 2: Fixtures and Fittings List: Comprehensive inventory of included/excluded items

3. Appendix A: Property Plans: Official plans and drawings of the property

4. Appendix B: Title Documents: Copies of relevant title documents

5. Appendix C: EPC Certificate: Energy Performance Certificate

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 governing land law principles, requirements for land contracts, and legal estates and interests in land. Forms the cornerstone of English property law.

Law of Property (Miscellaneous Provisions) Act 1989: Key legislation specifying formal requirements for property contracts, particularly Section 2 which requires contracts to be in writing and contain all terms expressly agreed.

Housing Act 2004: Establishes the Housing Health and Safety Rating System (HHSRS) and sets standards for property conditions in residential properties.

Consumer Protection from Unfair Trading Regulations 2008: Regulates the disclosure of material information in property transactions and protects against misleading practices in property sales.

Consumer Rights Act 2015: Ensures fairness of contract terms and provides consumer protection provisions in residential property transactions.

Land Registration Act 2002: Governs the registration of land in England and Wales, including requirements for title information and registration processes.

Landlord and Tenant Act 1985: Sets out property conditions and landlord obligations that may be relevant to the property's history or future use.

Energy Performance of Buildings (England and Wales) Regulations 2012: Mandates Energy Performance Certificate (EPC) requirements and energy efficiency standards for residential properties.

Defective Premises Act 1972: Provides statutory warranties regarding property condition and imposes duties on property professionals.

Money Laundering Regulations 2017: Establishes requirements for due diligence and identity verification in property transactions to prevent money laundering.

Law Society's Standard Conditions of Sale: Standard contract terms published by the Law Society, commonly used as the basis for residential property transactions.

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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