Agreement for sale or lease to a Management Company
Agreement for sale or lease to a Management Company

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

  • Agreement for sale or lease to a Management Company
  • Parties
  • Schedule 1Building
  • Schedule 2 [Concurrent Lease OR Transfer]
  • Schedule 3Unit Lease
  • Schedule 4 [Documents
  • Schedule 5 [Contents
  • Schedule 6 [Contracts
  • The AppendixPlans

Date [date of contract]

Parties

  1. 1

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

  1. 2

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

  1. 1

    Definitions

  2. In this Agreement the following definitions apply:

    Actual Completion Date

    1. the date of the [Transfer OR Concurrent Lease] of the [Building OR Estate], and references in the Standard Conditions to 'actual completion' are to be read accordingly;

    [Arrears

    1. any amounts due to the Seller from the tenants [by way of rent, licence fees, service charges, insurance rent and all other sums of whatsoever nature due] under the Unit Leases up to and including Actual Completion Date but which have not been received by the Seller or its agents as cleared funds before that date;]

    Building

    1. [[name of building] OR the building] shown edged [red] on Plan [1] and all Service Media on, over or under it and Service Media outside but exclusively serving it (excluding in both cases, any Service Media which are