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

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

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, ie the mortgagee] [of OR incorporated in England and Wales with company registration number [number] whose registered office is at] [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] the Buyer)

    1. 1

      Definitions

      In this Agreement, the following definitions apply:

      Actual Completion

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

      Buyer’s Solicitors

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

      [Charge[s]

      1. the charge[s] appearing at entry [number] [and [number]] in the charges register of [the Property OR title number [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 the requirements of the Lease) from the Landlord [and any Superior Landlord];]

      Deposit

      1. [number]% of the Price;

      [Employees

      1. the employees listed in Schedule 6 and ‘Employee’ means any one of them;]

      HMRC

      1. HM Revenue &

Popular documents