Contract for sale—freehold vacant possession conditional on planning incorporating the Standard Commercial Property Conditions (Third Edition)

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

  • Contract for sale—freehold vacant possession conditional on planning incorporating the Standard Commercial Property Conditions (Third Edition)
  • 1 Definitions
  • 2 Interpretation
  • 3 Agreement to sell
  • 4 Deposit
  • 5 Title
  • 6 Title guarantee
  • 7 Matters affecting the Property
  • 8 Risk and insurance
  • 9 The Transfer
  • More...

Contract for sale—freehold vacant possession conditional on planning incorporating the Standard Commercial Property Conditions (Third Edition)

date [date]

Parties

  1. 1

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

  1. 2

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

  1. 3

    [name of Guarantor] [of OR incorporated in England and Wales with company registration number [number] whose registered office is at [address]] [and whose address for service in England and Wales is [address]] (Guarantor)

    1. 1

      Definitions

      In this Agreement, the following definitions apply:

      Actual Completion

      1. the date that the Transfer is actually completed and references in the Standard Conditions to 'actual completion' are to be read accordingly;

      Buyer’s Solicitors

      1. [name] of [address] (reference: [details]);

      [Charges

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

      [Chattels

      1. the items listed in Schedule 3;]

      [Chattels Price

      1. £[amount];]

      Completion Date

      1. [20] working days after the Condition is satisfied or waived in accordance with paragraph 8 of Schedule 1;

      Condition

      1. is as defined in Schedule 1;

      Deposit

      1. [number]% of the Price;

      Expert

      1. a person with at least [10] years’ post

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