Contract for sale—sale by administrative receiver incorporating the Standard Commercial Property Conditions (Third Edition)
Contract for sale—sale by administrative receiver incorporating the Standard Commercial Property Conditions (Third Edition)

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

  • Contract for sale—sale by administrative receiver incorporating the Standard Commercial Property Conditions (Third Edition)
  • 1 Definitions
  • 2 Interpretation
  • 3 Appointment of Receivers
  • 4 Agreement to sell
  • 5 Consent
  • 6 Deposit
  • 7 Title
  • 8 Title guarantee
  • 9 Matters affecting the Property
  • More...

Coronavirus (COVID-19): the coronavirus pandemic has caused the UK to expedite new insolvency provisions, both of a temporary and permanent nature. For news and guidance as to the implications from a property perspective see: Coronavirus (COVID-19)—implications for property — Property Insolvency.

date [date]

Parties

  1. 1

    [name of Seller] in administrative receivership [and also in liquidation] incorporated in England and Wales with company registration number [number] whose registered office is at [address] (Seller) acting by [any one of] its [joint] administrative receiver[s], [name of (first) receiver] (Insolvency Practitioner) of [address] [and [(name of second joint receiver)] (Insolvency Practitioner) [both] of [address]] (the Receiver[s])

  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]] (the Buyer)

    1. 1

      Definitions

      In this Agreement the following definitions apply:

      Actual Completion

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

      Buyer’s Solicitors

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

      Chargee

      1. [details];

      [Charges

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

      [Chattels

      1. the items listed at Schedule 2;]

      [Chattels Price

      1. £[amount];]

      Completion Date

      1. [date][ or, if later, [5] working days after the Consent is obtained];

      [Consent

      1. written consent to the Transfer (satisfying

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