2A Lansdowne Road Tottenham London N17 9XE
Contract Incorporating the Standard Conditions of Sale {Fourth Edition} Date Time Formula Seller Mohie Dine Naboulsi acting by his conveyancer JCP Solicitors Limited, Venture Court, Valley Way, Enterprise Park, Swansea, West Glam, SA6 8QP. Buyer acting by his conveyancer Property 2a Lansdowne Road, Tottenham, London, N17 9XE Freehold / Leasehold Freehold Title Number / Root of Title EGL345509 Specified Incumbrances As specified in special condition 2 3
Title Guarantee FULL Contract Rate The Law Society s interest rate from time to time in force Completion Date Purchase Price Deposit Chattels price (if separate) Balance The seller will sell and the buyer will buy the property at a the purchased price WARNING This is a formal document designed to create legal rights and obligations Take advice before using it Seller s Conveyancer: Signed/.. Dated/. Buyer s Conveyancer: Signed/.. Dated/. JCP Solicitors Limited Venture Court Waterside Business Park Valley Way Enterprise Park Swansea SA6 8QP 4
Special Conditions 1 General 1.1 This contract incorporates the Standard Conditions of Sale {Fourth Edition}. 1.2 The terms used in this contract have the same meaning when used in the Conditions 1.3 Subject to the terms of this contract and to the Standard Conditions of Sale, the Seller is to transfer the Property with either full title guarantee or limited title guarantee, as specified on the first page of this contract. 1.4 The chattels, which are on the Property and set out in any Fixtures, Fittings and Contents List {"the List"} previously delivered to the Buyer, are included in the sale and the Buyer is to pay any specified chattels price for them. The List need not necessarily be attached to this contract. 1.5 The Property is sold with vacant possession. 2 Incumbrances 2.1 The Property is sold subject to the Incumbrances on the Property and the Buyer will raise no requisition with regard to them. 2.2 The Incumbrances are:- 2.2.1. disclosed in the Registers of the Title Number or in the Epitome of unregistered title {as the case may be} other than any mortgages of the Seller or any other financial entries 2.2.2. any overriding interests {whether or not the Property is registered} 3 Deposit If the deposit actually paid on exchange of this Contract shall be less than 10% of the purchase price, then notwithstanding the payment of the lesser amount, the balance shall at all times remain due to the Seller and in the event of rescission or failure to complete {through no fault of the Seller} such balance shall be due to the Seller forthwith on demand and recoverable by action whether or not Notice to Complete has been served under Standard Condition 6.8 4 Pending Completion Standard Condition 5.1 shall not apply and the following conditions shall be substituted:- 5.1.1. The Property shall be at the Buyer s risk as from the date of the Contract and the Buyer shall arrange to insure the Property 5.1.2. If the Property is destroyed or damaged prior to actual completion and the proceeds of any insurance policy effected by the Buyer are reduced by reason of the existence of any policy effected by the Seller, the purchase price shall be abated by the amount of such reduction 5.1.3. Sub-condition 5.1.2 shall not apply where the proceeds of the Seller s property are applied towards the reinstatement of the Property pursuant to any statutory or contractual obligation 5
5.1.4. Section 47 of the Law of Property Act 1925 does not apply 5.1.5. The Seller is under no obligation to the Buyer to maintain any insurance on the Property 5 Completion 5.1 In the event of completion not having taken place by the contractual time for completion and either party serving upon the other a Notice to Complete, the defaulting party shall, in addition to the balance of the purchase price reimburse the cost of the preparation of the Notice to Complete in an amount not exceeding 100.00 plus VAT 5.2 Unless otherwise stated, the balance of the purchase price, the chattels price and any further sums due from the Buyer to the Seller or the Seller's Conveyancer on Completion, payable under the provisions of this contract shall be paid by direct credit to the following account:- Bank: Bank Address: Lloyds TSB Beaumont House, Phoenix Way, Swansea Enterprise Park Swansea SA9 9DL Bank Sort Code: 30-93-53 Account Name: JCP Solicitors Limited Client Account Account Number: 02357922 6
Additional special conditions of sale Property: 2a Lansdowne Road, Tottenham, London, N17 9XE Lot No: 1. The vendor is Mohie Dine Naboulsi 2. The Vendor's Solicitors are JCP Solicitors Limited of Venture Court, Waterside Business Park, Valley Way, Enterprise Park, Swansea, SA6 8QP DX: 82804 SWANSEA 2 - Telephone No: (01792) 773773 - Fax No: (01792) 774775 3 The land is Freehold land situated and known as 2a Lansdowne Road, Tottenham, London, N17 9XE 4. The land is registered Freehold under titles EGL345509 5. The Vendor sells with Full Title Guarantee. The Transfer to the Purchaser shall contain the following clause. (i) For the purpose of Section 6(2)(a) of the Law of Property (Miscellaneous Provisions) Act 1994 ( the Act ) all matters recorded in registers open to public inspection are to be considered within the actual knowledge of the Transferee. (ii) In Section 2(1)(b) of the Act the words his own cost shall be deleted and the words the cost of the Transferee substituted therefore (iii) The Transferee(s) (jointly and severally) covenant with the Transferor to observe and perform the covenants and restrictions in the Registered Title (and the Lease under which the property is held) and to indemnify the Transferors against all consequences of any future non observance non performance or breach thereof and against all claims costs actions and proceeds howsoever arising therefrom. 7
6. VAT will not be chargeable in respect of the Purchase Price. 7. If the purchaser shall fail to complete on the completion date, then the Purchaser shall pay to the Vendor on actual completion all additional legal costs incurred by the Vendor occasioned by such failure including the cost of preparation and service of a Notice to Complete, but without prejudice to any other rights or remedies available. 8. The property is sold as seen Signed by or on behalf of -------------------------------------------------------------------------------- Seller / Buyer 8