Simple contract of sale for garden land

wannaretireearly

I don't know if anyone can help me with this but i am looking for guidance on the format for a contract of sale. We are purchasing a small piece of land from our next door neighbour and I need to draw up a contract of sale between us. I've sorted out everything else involved with this purchase/sale/transfer of land as we were quoted a ridiculous price from solicitors. We are only paying £4,000 (plus £500 costs) so really don't want to add on hundreds of pounds more.
Any advice would be greatly appreciated x

Slinky

Is there a mortgage involved on either property? In particular your neighbour won't be able to sell off part of the land if they have a mortgage, without permission of the mortgage company.

G_M

Why not use the standard contract?


If you are DIYing the conveyancing, I assume you know how?

davidmcn

Any particular reason you need a contract? You could just complete the sale without a prior contract.

FestiveJoy

wannaretireearly wrote: »

I don't know if anyone can help me with this but i am looking for guidance on the format for a contract of sale. We are purchasing a small piece of land from our next door neighbour and I need to draw up a contract of sale between us. I've sorted out everything else involved with this purchase/sale/transfer of land as we were quoted a ridiculous price from solicitors. We are only paying £4,000 (plus £500 costs) so really don't want to add on hundreds of pounds more.
Any advice would be greatly appreciated x

What do the £500 costs relate to?
The legal fees of the vendor?
If so, I would urge you to spend some on your own legal fees - one day you may need to rely upon the legal expertise you purchase for yourself.

:xmastree::xmastree::xmastree::xmassign:

paddy's_mum

wannaretireearly wrote: »

we were quoted a ridiculous price from solicitors

It's only expensive when things go along smoothly and you don't have a disaster.

When it all goes pear-shaped and chaos is staring you in the face, the ability to seek help is a godsend.

Just like insurance, in fact....:)

Mgman1965

davidmcn wrote: »

Any particular reason you need a contract? You could just complete the sale without a prior contract.

Does the neighbour want to put covenants on the land or an uplift clause ?

davidmcn

Mgman1965 wrote: »

Does the neighbour want to put covenants on the land or an uplift clause ?

Those don't require a contract.

wannaretireearly

Hi,

Thank you for all your replies and apologies for taking so long getting back to this thread. The £500 was to pay the fees for her equity release company to release the land from their charge which they have now done. I'm aware of what is required by land registry and have the forms ready. I just felt we should have something more hence the thought about a simple contract. It's a straightforward sale of a small portion of land with full rights/no covenants etc. I had seen the contract mentioned above but as it contains pages of small print felt it defied the idea of simple.

steampowered

The land registry form is all you need. A form TR1 is not just a land registry form, it is also a contract.

wannaretireearly

Does that apply to form TP1 too as that is what Land Registry told us to submit, along with form AP1 and DS3?