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Residential Sales Agreement
"I need a Residential Sales Agreement for a three-bedroom house in Manchester, with completion scheduled for March 2025, including specific provisions for solar panels and electric vehicle charging point installation that were recently added to the property."
1. Parties: Identification and details of the seller and buyer
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 being sold, including the address, title number, and boundaries
5. Purchase Price: Amount to be paid, payment terms, and deposit arrangements
6. Completion: Terms and timing of completion, including completion date and procedures
7. Title Guarantee: Seller's warranties regarding property title and ownership
8. Property Transfer: Terms governing the transfer of property ownership
9. Representations and Warranties: Standard warranties from both parties regarding the transaction
10. Risk and Insurance: Provisions regarding property risk and insurance requirements
11. Notices: Process for serving notices between parties
12. Governing Law: Confirmation that the agreement is governed by English and Welsh law
1. Fixtures and Fittings: Detailed list of items included or excluded from the sale
2. Chain Details: Information about related property transactions in the chain
3. Mortgage Details: Specific provisions relating to mortgage funding
4. Vacant Possession: Terms ensuring the property is empty on completion
5. Planning and Building Regulations: Provisions regarding compliance with planning laws and building regulations
1. Schedule 1 - Property Plan: Official plan showing boundaries and extent of property
2. Schedule 2 - Fixtures and Fittings Inventory: Detailed inventory of items included in the sale
3. Schedule 3 - Title Documents: Copies of relevant title documents and registers
4. Schedule 4 - Property Information Form: Completed standard form containing property details and disclosures
5. Schedule 5 - Energy Performance Certificate: Current EPC for the property
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