🏡 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- Both parties agree this is a temporary Heads of Terms to be superseded by a formal legal agreement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.