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

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

  • Agreement for sale or lease to a Management Company
  • 1 Definitions
  • 2 Interpretation
  • 3 Standard Conditions
  • 4 Agreement to sell
  • 5 Grant of Unit Leases
  • 6 Warranty by Seller and Landlord and Tenant Act 1987
  • 7 Title
  • 8 Boundary variation
  • 9 Easements required after Completion
  • More...

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

      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 not owned by the Seller) as more fully set out in Schedule 1;

      [Charge[s]

      1. the charge[s] appearing at entr[y OR ies] [number(s)] on the Charges Register of title number [number] as at [date of official copy entries];]

      Completion Date

      1. [10] working

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