Amendments to contract for sale—freehold vacant possession to create a sub—sale contract
Published by a LexisNexis Property expert
PrecedentsAmendments to contract for sale—freehold vacant possession to create a sub—sale contract
Published by a LexisNexis Property expert
PrecedentsClause 1 — Definitions
Amend the definition of Completion Date:
Completion Date
- •
[date] being the completion date fixed by the Original Contract;
Add the following definitions:
Original Contract
- •
an agreement dated [date] 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
- •
[name];
Clause 3 — The transfer
For a sub-sale involving a single transfer, amend clause 3.3 to refer to the Original Seller:
The [Original] Seller is not required to transfer the Property otherwise than as a whole and to the Buyer at the Price.
For a sub-sale of part of the land in the Original Contract, consider inserting a new clause 3.4:
The Seller must [take a transfer OR procure the transfer to a third party] of the remainder of the land comprised in the Original Contract and agrees that that transfer must be completed simultaneously with the transfer of the Property to the Buyer.
Clause 5 — Title
Replace the text of clause 5.2 with the following:
The
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