🏡 Module 5: Legal Documents & Protection

📝 Lease Option Agreement (Basic UK Format — Editable)

LEASE OPTION AGREEMENT
This Agreement is made on [Date]

Between:
Seller: [Full Name]
Buyer: [Your Name / Company Name]
Property: [Full Address of Property]

TERMS

1. Option Fee:
   Buyer shall pay £[Amount] to Seller on signing. This grants the right to purchase the property within the Option Period. The fee is non-refundable.

2. Option Period:
   This Agreement shall remain valid for [36/48/60] months from the date above.

3. Strike Price:
   The agreed purchase price is £[Price] if exercised during the Option Period.

4. Monthly Payment:
   Buyer agrees to pay £[Amount] per month to Seller during the term.

5. Maintenance and Utilities:
   Buyer shall be responsible for all maintenance, insurance, and utility costs.

6. Assignment:
   Buyer may assign this agreement or enter into a sub-option with a tenant-buyer.

7. Legal Costs:
   Each party shall bear their own legal costs unless otherwise agreed.

8. Right to Register Notice:
   Buyer may file an Agreed Notice with HM Land Registry to protect their interest.

Signed by Seller: ___________________________
Date: _______________

Signed by Buyer: ___________________________
Date: _______________

🛠 Vendor Finance Heads of Terms (For Solicitor to Draft Full Contract)

Seller: [Name]
Buyer: [You / Ltd Company]
Property Address: [Address]
Agreed Sale Price: £[Amount]
Deposit Paid: £[Amount]
Monthly Payments: £[Amount]
Term: [Years]
Interest Rate (if any): [e.g. 0% / 3% / 5%]

✅ Solicitor to draft:

• Loan Agreement

• Legal Charge registered at Land Registry

🧾 Assisted Sale Agreement (Basic Template)

Seller: [Full Name]
Investor: [Your Name / Company Name]
Property Address: [Full Address]

Key Points

1. Investor will fund improvements/marketing up to £[Amount]

2. Final sale price will be split: [e.g. 70% to Investor / 30% to Seller after costs]

3. Seller agrees to grant full access for viewings and improvements

4. Lockout Period: Seller shall not sell, refinance or list the property with others during the agreement

5. Restriction on Title: Investor reserves the right to place a restriction with HM Land Registry

Signed by Seller: ___________________
Signed by Investor: ___________________
Date: _______________

✅ What to Do Next:

1. Save these documents into Word and personalise them with real numbers.

2. Ask a solicitor to review the Lease Option template and provide a quote to formalise it.

3. Prepare your Option Notice forms (RX1 + AP1) for Land Registry filing when ready.

4. Keep a clean folder or binder for each potential deal.