When buying a property, the draft contract pack is an essential collection of documents that kickstarts the legal process. It is prepared by the Seller’s Solicitor and sent to the Buyer’s Solicitor. Let’s explore what’s included in this pack and why it’s so important.
What’s in the Draft Contract Pack?
A comprehensive draft contract pack typically includes:
- The draft contract for selling the property.
- A copy of the title register and title plan.
- The Lease (if the property is leasehold).
- Property Information Forms.
- Documents referenced in the title register.
- Guarantees, planning permissions, and building regulation approvals related to any property works.
- A Management Information Pack (for leasehold or managed freehold properties).
For unregistered properties, original title deeds are also included. These documents provide the Buyer’s Solicitor with the information necessary to begin their legal and administrative work.
Why is the Draft Contract Pack Important?
The draft contract pack is the foundation of the conveyancing process. Without it, the Buyer’s Solicitor cannot start their checks or raise necessary enquiries, meaning the transaction could be delayed.
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