Plot sale agreement—freehold

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

  • Plot sale agreement—freehold

Plot sale agreement—freehold

date [date]

Parties

  1. 1

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

  1. 2

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

    1. 1

      Definitions

      Actual Completion

      1. the date on which a transfer of the Property to the Buyer 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]);

      [Charge[s]

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

      Competent Authority

      1. any local authority, government department, other body exercising powers under statute or by Royal Charter, or utility service or supply company;

      Completion Date

      1. [10] working days from (but excluding) the date on which the Seller [or the Seller’s Solicitors] serve[s] the Completion Notice on the Buyer;

      Completion Monies

      1. The Price:

        1. (a)

          less the Initial Deposit[, OR and] the Deposit [and the Incentive][; but]

        2. (b)

          [plus the Contents Price;]

      Completion Notice

      1. the notice informing the Buyer of Practical Completion;

      Consents

      1. [planning permission and] all [other] approvals, consents, permissions and licences of any local or other Competent Authority that may from time to time be necessary to enable the Seller to commence and to

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