Fridaysmove -approved Solicitor Gemma Farguson handled the Conveyancing in Dudley for the sale of a home located on Morville Road, DY2. Upon instruction, Gemma prepared the draft contract for the sale to avoid any delays once a potential buyer was found for the property.
The following are some of the terms and conditions included in the contract:
- The Buyer hereby admits that he has inspected the Property and has entered into this Agreement solely on the basis of his inspection and the terms hereof, and not in reliance upon any representation whether written oral or implied made by or on behalf of the Seller save for those made in writing by the Seller’s conveyancers in response to replies given to enquiries before contract by the Buyer’s conveyancers. This Clause shall not merge on completion of this Agreement.
- A Deposit of ten percent of the Purchase Price has been or shall be on the signing hereof paid to the Seller’s conveyancers as Stakeholders. The Deposit shall be paid by way of bankers draft, building society cheque or conveyancers’ client account cheque.
- If completion is not effected on the completion date for any reason other than the default of the Seller then the Buyer shall be liable to pay in addition to compensation in accordance with Standard Condition 7. 3 and entirely without prejudice to any other rights or remedies available to the Seller the costs of preparing and serving any Notice to Complete the costs of recalculating any Completion Statement and all other incidental expenses such costs to be not less than £100. 00 plus VAT. The chattels on the Property are set out on any attached list are included in the sale.
- The Transfer is made with full title guarantee but the covenants set out in Section 3(1) of the Law of Property (Miscellaneous Provisions) Act 1994 shall not extend to any charge, encumbrance or other right/matter which the Transferor does not know about and for the avoidance of doubt the Property shall be sold subject to any matter being an interest falling within Schedule 3 of the Land Registration Act 2002 or (if the Seller’s title is not registered) being an unregistered interest falling within Schedule 1 of the Land Registration Act 2002.
Acting on behalf of the purchasers was the George Green Solicitors branch covering Dudley. The handling estate agent was The Property Shop branch at 54 Halesowen Road, Netherton, Dudley, DY2 9QA.
The transaction was completed on June 18th, 2010.