Contract for sale—agricultural land—freehold, vacant possession

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

  • Contract for sale—agricultural land—freehold, vacant possession
  • 1 Definitions
  • 2 Interpretation
  • 3 Standard Conditions
  • 4 Agreement to sell
  • 5 Deposit
  • 6 Title
  • 7 Title guarantee
  • 8 Matters affecting the Property
  • 9 The Transfer
  • More...

Contract for sale—agricultural land—freehold, vacant possession

Date [date]

Parties

  1. 1

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

  1. 2

    [name of (first) Buyer] [and [name of second Buyer] both] [of OR incorporated in England and Wales (with company registration number [number]) whose registered office is at] [address] (Buyer)

    1. 1

      Definitions

      In this Agreement the following definitions apply:

      Actual Completion Date

      1. the date of the Transfer, and references in the Standard Conditions to 'actual completion' must be read accordingly;

      Agreement

      1. this Agreement (including the schedules and appendices to it) and any document supplemental or collateral to it;

      Basic Payment Scheme

      1. has the meaning given to the expression ‘basic payment scheme’ by section 7(2) of the Agriculture Act 2020, and includes any replacement scheme within the United Kingdom;

      BPS Payment

      1. any direct payment under the Basic Payment Scheme;

      Buyer’s Solicitors

      1. [name] of [address] (reference [details]) or any other firm that the Buyer notifies in writing to the Seller or the Seller’s Solicitors for the purposes of this Agreement;

      [Charge[s]

      1. the charge[s] appearing at entry [number] [and [number]] in the charges register of title number [title number] at [date and time of official copy entries];]

      [Chattels

      1. the items listed at Schedule 1;]

      [Chattels Price

      1. £[amount]]

      Completion Date

      1. [[date] OR the date which is [20] working days after today];

      Cross Compliance

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