🏡 Module 1: The Foundation of UK Creative Property Investing

📄 Legal Document #1: Heads of Terms

HEADS OF TERMS – AGREEMENT TO PURCHASE PROPERTY ON TERMS

Date: [Insert Date]
Seller: [Seller’s Full Name]
Buyer: [Your Full Name / Company Name]
Property Address: [Full Property Address]

Deal Summary

• Agreed Sale Price: £[Insert Amount]
• Upfront Option Fee (Non-Refundable): £[Insert Amount]
• Monthly Payment: £[Insert Monthly Payment]
• Term of Agreement: [12 / 24 / 36] months
• Completion Price (Strike Price): £[Insert Final Agreed Price]
• Buyer Responsibilities: Maintenance, Insurance, Council Tax, Utilities
• Seller Responsibilities: Mortgage remains in seller’s name, paid by buyer

Conditions

• A full Lease Option Agreement will be drawn up by a solicitor
• Both parties agree this is a temporary Heads of Terms to be superseded by a formal legal agreement
• Seller agrees to allow access for buyer’s due diligence and viewings
• Buyer agrees to maintain confidentiality

Signed by Seller: ___________________________
Print Name: ___________________________________

Signed by Buyer: ___________________________
Print Name: ___________________________________

⚠️ Note: This is a working agreement only. It is not legally binding until a formal agreement is signed by both parties through a qualified solicitor.