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

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

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

DATE [insert date]

Parties

  1. 1

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

  1. 2

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

  1. 1

    Definitions

  2. 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' are to be read accordingly;

    Block

    1. Block [insert number] forming part of the Estate where the Property is located and shown edged [colour] on [the Plan OR Plan [1]];

    Buyer’s Solicitors

    1. [Buyer's Solicitor’s name] of [Buyer's Solicitor's address] (reference [Buyer's Solicitor's 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 Seller [or the Seller’s Solicitors ] serve[s] the Completion