Amendments to contract for sale—freehold vacant possession to create a sub—sale contract
Amendments to contract for sale—freehold vacant possession to create a sub—sale contract

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

  • Amendments to contract for sale—freehold vacant possession to create a sub—sale contract
  • Clause 1—Definitions
  • Clause 5—Title
  • Clause 6—Title guarantee
  • Clause 7—Matters affecting the property
  • Clause 8—The transfer
  • Clause 9—Completion
  • Clause 13—Notice to complete:

Clause 1—Definitions

Amend the definition of Completion Date:

Completion Date

  1. [insert date] being the completion date fixed by the Original Contract

Add the following definitions:

Original Contract

  1. an agreement dated [insert date] and made between (1) the Original Seller and (2) the Seller, by which the Seller has contracted to purchase the Property from the Original Seller

Original Seller

  1. [insert name]

Clause 5—Title

Replace clause 5.2 with the following:

5.2 The legal estate in the Property is not vested in the Seller who has contracted to purchase the Property [together with other property] from the Original Seller under the Original Contract[ and the Seller will direct the Original Seller to transfer the Property directly to the Buyer]

5.3 Title to the Property will be deduced in accordance with the Original Contract and will include:

5.3.1 a copy of the Original Contract[ and a direction by the Seller to the Original Seller to transfer the Property directly to the Buyer]

5.3.2 [an examined abstract of the unregistered title beginning with [specify root of title] OR an official copy of the entries subsisting on the register of title number [insert title number] showin