Residential contracts

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Residential contracts guidance:

The Standard Conditions of Sale (SCS) are a set of conditions usually incorporated into contracts for sale for residential property. The Standard Commercial...

Practice Note

DATE [insert date] Parties 1 [insert name of Seller] [of OR incorporated in England and Wales (with company registration number [insert number]) whose registered office...

Precedents

The Bribery Act 2010 (BA 2010) came into force on 1 July 2011. BA 2010 repealed and replaced the common law offence of bribery and various statutory offences prohibiting...

Practice Note

Buying at auction Buying a property through auction has its benefits compared to buying on the open market: • the property may be purchased at a good price • the auction...

Practice Note

There are two types of conflict: own interest conflicts (sometimes called solicitor-client conflicts) and client conflicts of interest. This Practice Note explains when...

Practice Note

How should the money be transmitted? Under Standard Condition of Sale (SC) 6.7 the buyer must pay the completion monies by direct transfer of cleared funds to an account...

Practice Note

Completion statements calculator Completion statements calculator This calculator applies the apportionment method under the Standard Commercial Property Conditions (2nd...

Precedents

Contracts often provide for a condition or conditions to be satisfied before completion takes place (eg obtaining planning permission) or, in some cases,...

Practice Note

Contracts are often drafted on the basis that a condition or conditions must be satisfied before completion takes place (a condition precedent). Common conditions are: •...

Practice Note

Date [insert date of contract] Parties 1 [insert seller name] of [insert seller address] [incorporated in England and Wales with company registration number [insert...

Precedents

Date [insert date of contract] Parties 1 [Seller name] [and [second Seller name] both] [of OR whose registered office is at] [Seller address] [incorporated in England and...

Precedents

Date[insert date of contract] Parties 1 [insert seller name] of [insert seller address][incorporated in England and Wales with company registration number [insert seller...

Precedents

Date [insert date of contract] Parties 1 [Seller name] of [Seller address] [incorporated in England and Wales with company registration number[SellerCompany registration...

Precedents

Date [insert date of contract] Parties 1 [Seller name] of [Seller address][incorporated in England and Wales with company registration number [Seller company registration...

Precedents

The Solicitors Regulation Authority’s (SRA) Handbook (SRA Handbook 2011) which contains the Solicitors Regulation Authority’s Code of Conduct (SRA Code of Conduct)...

Practice Note

Side letters to contracts are often used: • before exchange to make late alterations to the terms of a contract where the main document cannot easily be...

Practice Note

Under the Law of Property (Miscellaneous Provisions) Act 1994 (LP(MP)A 1994), the seller will normally provide covenants for title, in standard form, by...

Practice Note

Covenants for title are implied on a transfer of land when the seller sells with full or limited title guarantee, or with their Welsh equivalents, gyda...

Practice Note

A contract for the sale of land, or of any interest in land, is void unless it complies with Law of Property (Miscellaneous Provisions) Act 1989, s 2 (LP(MP)A 1989). It...

Practice Note

Excepted contracts The contractual formalities set out in Law of Property (Miscellaneous) Provisions Act 1989, s 2 (LP(MP)A 1989) do not apply to contracts: • for leases...

Practice Note

While this Practice Note primarily covers commercial property matters, it also touches on residential considerations. When purchasing a property subject to leases it is...

Practice Note

This Deed is made on [insert date]. Parties 1 [insert name of Assignor] [of [insert address] OR incorporated in England and Wales with company registration number [insert...

Precedents

Dated [insert date] day of [insert month] 20 [insert year] Parties 1 [Insert name of Seller] [of [insert address of Seller] OR incorporated in England and Wales with...

Precedents

This Practice Note discusses issue that arise in proprietary estoppel in a property context. For a general discussion of proprietary estoppel, see Practice Note:...

Practice Note

This Practice Note explains why exclusion clauses are used in property contracts and when they may be of no effect, including at common law in the context of fraudulent...

Practice Note

Exclusion clauses aim to protect a party to a contract by excluding or limiting liability against claims for breach of contract or in tort. In the context of property...

Practice Note

Exclusivity agreements (lockout agreements) are used where the buyer wants to prevent the seller from negotiating for the sale of the property with any other...

Practice Note

Execution of deeds Most deeds entered into in the course of a property transaction will require substantive registration or the making of entries on the register by HM...

Practice Note

A valuer estimates or assesses the worth or value of, or fixes a price for, a property. This note does not cover the liability of a valuer acting as an arbitrator. Margin...

Practice Note

The Fourth Money Laundering Directive (4MLD), replacing the Third Directive which had been in force since 2005, was transposed across Europe in June 2017. A mere 13...

Practice Note