Chapter 5 Residential transaction case study

The draft contract

The draft contract

Our clients:
1. Shilpa Jennings - sale of 19 Minster Yard Blakey
2. Shilpa Jennings and Daniel Rodriguez - purchase of 9 Castle Hill Blakey

We act for Shilpa Jennings ('Shilpa') who is selling 19 Minster Yard Blakey for ?100,000 and Shilpa and Daniel Rodriguez ('Daniel') who are buying 9 Castle Hill Blakey for ?200,000 to include chattels. 9 Castle Hill is curently occupied by the seller Julian Doyle and his aged aunt Constance Shorey.

Purchase of 9 Castle Hill Blakey

Set out below are:

  1. Draft contract for the purchase of 9 Castle Hill Blakey (prepared by the seller's solicitors). There are many errors. Before considering our suggested amendments below, think about what amendments you would make to the draft contract.
  2. Our suggested amendments to the draft contract re 9 Castle Hill Blakey.

Sale of 19 Minster Yard Blakey

Set out below are:

  1. Draft contract for the sale of 19 Minster Yard Blakey using the Law Society standard form of contract incorporating the Standard Conditions of Sale. We will send the draft contract in duplicate to the buyer's solicitors together with other documentation appropriate when using the Protocol.
  2. Our covering letter to the buyer's solicitors re 19 Minster Yard Blakey.