Document background
The Cash Sale Real Estate Contract is essential for property transactions in England and Wales where the buyer is purchasing without mortgage financing. This contract type is commonly used for straightforward property purchases, investment acquisitions, or when rapid completion is desired. It includes comprehensive details about the property, payment terms, completion arrangements, and both parties' obligations. The document must comply with the Law of Property Act 1925, Land Registration Act 2002, and other relevant legislation. It provides greater flexibility in completion timing and reduced complexity compared to mortgage-based transactions.
