Buying And Renting Property Guide

When you buy a home, the process officially kickstarts with the , prepared by the seller's solicitor and sent to yours.

: 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

: Your solicitor will review the draft to ensure the title is free from defects and raise "pre-contract enquiries" about boundaries or planning permissions. When you buy a home, the process officially

: 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) : Your solicitor will review the draft to

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