disk 12 wb.002A DATED 20 ___________________________________________________________________ CHURCH COMMISSIONERS FOR ENGLAND - and - __________________________________________________________________ Draft/ AGREEMENT - for - the sale and purchase of [the site of] the former church of and the land annexed or belonging thereto _______________________________________________ Ref: [Sale of closed church or gift incorporating additional payment provisions /external solrs] [5th Edition Standard conditions] 02/09 1 A N A G R E E M E N T made the day of Two thousand and BETWEEN (1) THE CHURCH COMMISSIONERS FOR ENGLAND (Charity registration number 1140097) ("the seller") (2) [ ] of [ ] ("the buyer") Sale 1. The seller shall sell and the buyer shall buy the property known as [ ("the property") for the sum of £[ ] ] ("the purchase price") and (subject to clause 12 ) with vacant possession on completion Property 2. The property is more fully described in the form of transfer attached to this Agreement and the sale is subject to the covenants and other matters affecting the property set out or referred to in that document Covenant for Title 3. The seller is a statutory corporation and shall not be required to transfer with full or limited title guarantee but will covenant as set out in the form of transfer attached to this Agreement Completion 4. The completion date is [date] [the tenth working day after the buyer has been given notice by the seller that the provisions of the [Mission and Pastoral Measure 2011] [Pastoral Measure 1983] as to tombstones monuments and memorials and the removal of human remains have been complied with] Interest 5. The contract rate is 4% per annum above the base lending rate of National Westminster Bank plc from time to time in force Deposit 6. SOL A deposit of £[ ] has been paid by the buyer to the seller’s 2 conveyancer to hold as [agent for the seller] [stakeholder] Title 7.(a) TITLE shall be deduced and shall consist of [a Conveyance dated ] [and] a copy of a [Pastoral Church Buildings] [Pastoral (Church Buildings Disposal)] Scheme made by the seller pursuant to the [Pastoral Measure 1983 but having effect under the Mission and Pastoral Measure 2011] [Mission and Pastoral Measure 2011] [and confirmed by Her Majesty in Council on [ ] ] [supported by a Statutory Declaration made by [ ] on [ ]] copies of which have been supplied to the buyer's conveyancer prior to the date of this Agreement and the contents of which the buyer shall be deemed to be fully aware (b) The seller's title being of a statutory nature no requisition shall be raised on it (c) The seller shall not be required to produce or to supply the original or any copy or abstract of or extract from any Act Measure Order in Council or other matter of public record comprising or forming part of the seller's title to the property Standard Conditions of Sale 8.(a) This Agreement incorporates the Standard Conditions of Sale (5th Edition) ("the Standard Conditions") (but does not incorporate the Special Conditions) and the terms of this Agreement prevail in the case of any conflict (b) In the Standard Conditions:(i) the words "and may be given by the conveyancer of the party concerned" shall be added at the end of Condition 1.3.1 (ii) Condition 4.6.2 shall not apply (iii) the following shall be substituted for Conditions 7.2.1 and 7.2.2: "If there is default by the buyer in performing his obligations under the contract and completion is delayed he shall pay SOL 3 compensation to the seller at the contract rate on the purchase price less the deposit for the period between the completion date and actual completion" (c) Any terms used or defined in this Agreement shall have the same meaning where used in the Standard Conditions (where the context so admits) Form of transfer 9.(a) (b) The transfer shall be in the form attached to this Agreement The engrossment of the transfer shall be executed by the buyer in duplicate in escrow and shall be delivered to the seller's conveyancer at least seven days before the completion date No reliance on certain statements 10.(a) This Agreement constitutes the entire agreement between the parties and may only be varied or modified in writing (b) The buyer acknowledges that except for such (if any) of the written statements of the seller's conveyancer before exchange of contracts as were not capable of verification by the buyer by inspection or survey of the property or by search and enquiry of any local or other public authority or by inspection of the documents disclosed to the buyer or his conveyancer or agent (and whether or not any such inspection survey search or enquiry has been made) the buyer has not entered into this Agreement in reliance wholly or partly on any statement or representation (c) the buyer hereby acknowledges and admits that before the date of this Agreement the seller has given the buyer permission and the opportunity to inspect, survey and carry out investigations as to the condition of the property, the buyer has formed [his][her][its] own view as to the condition of the property and its suitability for the buyer’s purposes Requisitions 11. No requisition shall be raised as to any covenant or other matter subject to which the property is sold SOL 4 [As to the removal of certain items [12. THE seller may at any time prior to the completion date arrange for [the ] [any [stained glass windows] [tombstones monuments or memorials] [furnishings furniture fixtures or fittings] in or on the property or any other contents] to be removed causing as little damage as reasonably possible but without being obliged to make good any damage caused (except damage of a structural nature) but the buyer shall raise no objection if any such items remain in or on the property on the completion date and any such items will pass to the buyer on completion [and if any stained glass windows are removed they shall be replaced [by the buyer] [with plain glass windows] in such manner as the seller may determine]] OR [Buyer to comply with Bishop's directions 12. THE buyer shall (at his own risk and cost in all respects) do everything necessary to comply with the directions of the Lord Bishop of [ ] as to any [tombstones monuments or memorials at and any] contents (including furnishings furniture fixtures or fittings) of the property within a period of [two] months of being given notice of such directions (as to which period time shall be of the essence)] [Buyer to excavate certain areas 13. SO far as the seller is aware no human remains are buried in the areas shown on the plan annexed to [a Home Office Order] [an Order of the Ministry of Justice] dated [ ] but for the purpose of conclusively determining that no human remains are buried in those areas the buyer shall (at his own risk and cost in all respects) excavate those areas to the satisfaction of the seller's Surveyors within a period of [two] months of the date of this Agreement (as to which period time shall be of the essence) and if in the course of any such excavations any human remains or other evidence of burials are discovered the buyer shall cease excavating and report the discovery to the seller and the local Environmental Health Officer immediately and the buyer shall thereafter (at his own risk and cost in all respects) SOL 5 comply with their respective directions as to those areas and as to any human remains which the excavations may have revealed] OR [Buyer to remove human remains 13. THE buyer shall (at his own risk and cost in all respects) do everything necessary to comply with all statutory requirements and the directions of the seller with regard to the removal of all human remains upon the property within a period of [two] months of being given notice of such directions (as to which period time shall be of the essence)] [Buyer may carry out certain works 14.(a) THE buyer may prior to the completion date [(but not so as to make the removal of any of the items referred to in clause [12] more difficult)] (at his own risk and cost in all respects) carry out works previously approved by the seller in writing providing the buyer has obtained all consents required by law and has arranged insurance in terms previously approved by the seller in writing (b) The seller agrees the buyer may have access to the property for the sole purpose of carrying out the said works and the buyer agrees such access is granted by way of licence only and may be terminated by the seller at any time (c) The buyer will indemnify the seller in respect of all matters relating to the said works] [Fees and costs 15. The buyer shall on completion pay the seller's conveyancer’s costs (on which no VAT is payable) and the seller's agent's or surveyor's fees (and an amount equal to the Value Added Tax on those fees) in connection with the transaction to which this Agreement relates] [Transfer of part of registered title 16. SOL Within ten working days of the buyer’s conveyancer receiving from the Land 6 Registry a title information document indicating that the transfer hereby agreed has been registered, the buyer’s conveyancer shall forward a copy of the title information document to the seller’s conveyancer.] [Additional payment provision Note: this clause is for use only on instruction from the Commissioners. Where used in connection with a gift of property under the 1983 Measure, other provisions in this form, such as the reference to sale price etc will need to be amended. 17(a) After completion of the sale and purchase of the property:(i) if the buyer disposes, sells, leases or parts with the buyer’s interest in the whole of the property before the [ ] day of [ ] 20[ ] (“the termination date”), the buyer shall pay to the seller a sum equal to [50%] of [the difference between the purchase price stated in clause 1 of this Agreement and] the consideration received by the buyer for such disposal or, if greater, a sum equal to 50% of the open market value of the property at the time of such disposal; or (ii) if the buyer disposes, sells, leases or parts with the buyer’s interest in part only of the property before the termination date, the buyer shall pay to the seller a sum equal to [50%] of the proportion, where the proportion shall equal:- [purchase price stated in clause 1 of this Agreement] or [where disposal is by way of gift 1] open market value of the X consideration received by the property at buyer on sale of part or, if the time of disposal by the buyer greater, the open market value of the part of the property at the time of disposal by the buyer SOL 7 (and such sums payable in accordance with subclauses 17(a)(i) or 17(a)(ii) (as the case may be) shall be deemed to become payable to the seller upon the date of each and every disposal by the buyer) (the “relevant disposal”) 17(b) Within twenty-one days of the date of any relevant disposal, the buyer shall notify the seller of the consideration received by the buyer in relation to the relevant disposal, the open market value (at the time of disposal) of the property disposed of and the name and address of the disponee, such notification to be sent to the seller by pre-paid registered or recorded delivery post addressed to the Official Solicitor to the Church Commissioners, The Legal Office, Church House, Great Smith Street, London SW1P 3NZ (or to such other address as the seller may from time to time notify to the buyer) and clearly marked on the envelope with the words “LEGAL NOTICE URGENT” 17(c) If any sum which has become payable under the above provisions is not paid to the seller in full within [3] months of the date of the relevant disposal, to pay interest on the amount outstanding at the rate of 4 % above the Base Rate from time to time of National Westminster Bank plc from the date of the relevant disposal until it is received by the seller and (for the avoidance of doubt) it is hereby agreed and declared that if, pursuant to clause 17(d) of this Agreement, an arbitrator determines the amount payable under subclauses 17(a)(i) or 17(a)(ii) above (as the case may be) and the amount so determined shall not have been paid in full within twenty-eight days of the arbitrator’s determination, the buyer shall pay the seller interest on the amount outstanding at the said rate from the date of the arbitrator’s determination until the date the amount in question is received by the seller 17(d) Any dispute between the parties in relation to subclauses 17(a) to 17(c) of this Agreement shall be settled by an arbitrator to be agreed between the parties (or in default of agreement to be nominated on the application of either party by the President for the time being of the Royal Institution of Chartered Surveyors) such arbitration being subject to and in accordance with the Arbitration Act 1996 or any statutory modification or re-enactment thereof for the time being in force 17(e) After completion of the sale and purchase of the property on registration of the buyer’s interest, the buyer shall apply to the Chief Land Registrar to register title to the property subject to a restriction in relation to the property to the following effect:- SOL 8 “No disposition or dealing of the registered estate by the proprietor of the registered estate or by the proprietor of any registered charge is to be registered without a written consent signed on behalf of the Church Commissioners for England of care of the Official Solicitor to the Church Commissioners, The Legal Office, Church House, Great Smith Street, London SW1P 3NZ by their Secretary or conveyancer” 17(f) The seller will consent to a cancellation of the terms of the said restriction in relation to the whole or any part of the property where upon a disposition or dealing the provisions contained in subclauses 17(a) to 17(c) inclusive have been complied with in relation to the whole or (as the case may be) that part of the property 17(g) The seller will consent to a cancellation of the said restriction after the termination date.] Charities Act 2011 [18.] The property is held by a non exempt charity but this disposition is one falling within 117(3)(a) of the Charities Act 2011. Contracts (Rights of Third Parties) Act 1999 [19.] Save as expressly provided herein, none of the provisions of this Agreement is intended to or will operate to confer any benefit pursuant to the Contracts (Rights of Third Parties) Act 1999 on a person who is not named as a party to this Agreement [20.] This agreement is personal to the Buyer and is not capable of being assigned, charged or mortgaged the Seller will not transfer the property other than as a whole and to the person or body named as the Buyer in this agreement. [21.] The headings to the clauses in this Agreement are for ease of reference only Signed on behalf of the seller SOL 9 Signed by the buyer SOL 10