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[insert date of contract]

Parties

  1. 1

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

  1. 2

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

  1. 1

    Definitions

  2. In this agreement the following definitions apply:

    [Arrears

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

    Building

    1. [insert name of 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][insert entry number(s)] on the