CONTRACT Incorporating the Standard Commercial Property Conditions (Third Edition - 2018 Revision) Date : 20 November 2017 Buyer's conveyancer Seller : David Jenkins of 3 Seller's conveyancer Portland Place, Pritchard Road, Bristol, BS1 2SP Buyer .. SKP Investment Limited of 5 Brindley Place, Birmingham, West Midlands, B1 2JB Property (freehold) : 3 Portland Place, Pritchard Road, Bristol BS1 2SP. Registered with Absolute title Entry 3 Property Register Title Number : AV781066 Specified incumbrances : Mining and Mineral exceptions at Property Register entry 3 Repair and maintenance at entry 2 of the Property Register Restrictive Covenant at Charges Register Entry 1 The restrictive covenants Charges Register Entry 2 Chain of indemnity covenant at entry 3 of the proprietorship Register Completion date : Contract rate : Law Society's Interest Rate from time to time in force Purchase price : 585,000 Deposit : 58,500 Balance : 526,500 WARNING For conveyancer's use only [Law Society Formula: A/B/C]/[Personal exchange] Time The information above does not form part of the Contract exclusive of any VAT The seller will sell and the buyer will buy the property for the purchase price. Signed This is a formal document, designed to create legal rights and legal obligations. Take advice before using it. Authorised to sign on behalf of Seller/Buyer SCPC1_2/1
STANDARD COMMERCIAL PROPERTY CONDITIONS (THIRD EDITION - 2018 REVISION) PART 1 1. GENERAL Definitions 1.1 1.1.1 In these conditions: (a) "accrued interest" means: (i) if money has been placed on deposit or in a building society share account, the interest actually earned 1.4 (ii) otherwise, the interest which might reasonably have been earned by depositing the money at interest on seven days' notice of withdrawal with a clearing bank less, in either case, any proper charges for handling the money "apportionment day" has the meaning given in condition 9.3.2 (b) (c) "clearing bank" means a bank admitted by the Bank of England as a direct participant in its CHAPS system (d) "completion date" has the meaning given in condition 9.1.1 (e) "contract rate" means the Law Society's interest rate from time to time in force "conveyancer" has the meaning given by rule 217A of the Land Registration Rules 2003 (f) (g) "lease" includes sub-lease, tenancy and agreement for a lease or sub-lease "mortgage" means a mortgage or charge securing the performance of any obligation (whether or not for the payment of money) (h) (i) "notice to complete" means a notice requiring completion of the contract in accordance with condition 9.8 (j) "option to tax" means an option to tax any land having effect under Part 1 of Schedule 10 to the Value Added Tax Act 1994 and references to exercising the option to tax include electing to waive exemption under previous legislation and option in this context includes such an election (k) "post" includes postal services provided by a postal operator and "postal services" has the meaning given to it by section 27(1)(a) and (c) of the Postal Services Act 2011 and "postal operator" has the meaning given by