The Real Estate Sales Contract For Sale By Owner is designed for property owners in England and Wales who choose to sell their property directly without estate agent representation. This document is crucial for establishing the legally binding terms of the sale, protecting both parties' interests, and ensuring compliance with relevant property laws. It includes essential elements such as property description, purchase price, completion terms, and any specific conditions of sale. The contract must adhere to strict legal requirements under English and Welsh property law, including the Law of Property Act 1925 and the Land Registration Act 2002.
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1. Parties: Details of seller and buyer, including full legal names and addresses
2. Background: Context of the sale and brief property description
3. Definitions: Key terms used throughout the agreement
4. Property Description: Detailed description of property including title number and boundaries
5. Purchase Price: Amount, payment terms, and deposit details
6. Completion Date: Agreed date for completion of sale
7. Title Guarantee: Extent of title guarantee provided by seller
8. Vacant Possession: Confirmation of vacant possession on completion
1. Fixtures and Fittings: Details of items included/excluded from sale - use when specific items need to be listed as included/excluded
2. Planning Permissions: Details of existing permissions - use when property has specific planning conditions
3. Tenant Rights: Details of existing tenancies - use when property is sold subject to tenancies
1. Schedule 1: Property Plan: Detailed plan showing property boundaries
2. Schedule 2: Fixtures and Fittings List: Comprehensive list of included/excluded items
3. Schedule 3: Property Information Form: Standard property information provided by seller
4. Appendix A: Energy Performance Certificate: Current EPC for the property
5. Appendix B: Title Documents: Copies of relevant title documents
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