: Your solicitor will review the draft to ensure the title is free from defects and raise "pre-contract enquiries" about boundaries or planning permissions.
: This is a preliminary version of the sale agreement. It outlines terms like the sale price, deposit (typically 10%), and which fixtures are included. buying and renting property
Buying and renting property involves several key legal and financial stages, ranging from the initial offer to the formal exchange of contracts. Buying Property: The "Draft" Phase : Your solicitor will review the draft to
: The draft is not legally binding. It only becomes enforceable once "exchange of contracts" occurs, at which point a completion date is fixed and the deposit is paid. Renting Out Property (Being a Landlord) deposit (typically 10%)