Agreement for sale of long residential lease (off plan)
Agreement for sale of long residential lease (off plan)

The following Property precedent provides comprehensive and up to date legal information covering:

  • Agreement for sale of long residential lease (off plan)
  • 1 Definitions
  • 2 Interpretation
  • 3 Sale
  • 4 Standard Conditions
  • 5 Deposit
  • 6 Title
  • 7 Matters affecting the property
  • 8 The Lease
  • 9 Seller’s Works
  • More...

DATE [date]

Parties

  1. 1

    [name of Seller] [of OR incorporated in England and Wales (with company registration number [number]) whose registered office is at OR [address] (the Seller)

  1. 2

    [name of (first) Buyer] [and [name of second Buyer] each] of OR incorporated in England and Wales (with company registration number [number]) whose registered office is at] [address] (the Buyer)

    1. 1

      Definitions

      In this Agreement the following definitions apply:

      Actual Completion Date

      1. the date on which the Lease is granted, and references in the Standard Conditions to 'actual completion' must be read accordingly;

      Block

      1. [designation, eg Block A, Block 1, etc)] forming part of the Estate where the Property is located and shown [edged OR hatched OR coloured] [colour] on [the [[name]] Plan OR Plan [number]];

      Buyer’s Solicitors

      1. [name] of [address] (reference [reference]) or any other firm the Buyer notifies to the Seller;

      Competent Authority

      1. any local authority or government department, or any other body exercising powers under statute or by Royal Charter, or any utility service or supply company;

      Completion Date

      1. [10] days from (but excluding) the date on which the Completion Notice is served on the Buyer;

      Completion Notice

      1. the notice informing the Buyer of Practical Completion;

      Consents

      1. [planning permission and] all [other]  approvals, consents, permissions and licences of any local or other Competent Authority that may from time to time be necessary to enable the Seller to commence and

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