Exclusive Agreement For Selling And Buying Land (Freehold Or Leasehold)

Genie Team
Genie Team
Oct, 25 2022

When to use this template

An exclusivity agreement, also known as a lock-out agreement, is a legal document in which a seller agrees not to negotiate with another prospective buyer for a period of time. This agreement is for the sale and purchase of freehold and/or leasehold land.

Key issues covered in this template

  • Consideration
  • Exclusive Period
  • Seller's obligations
  • Non-solicitation
  • Seller must send the Transaction Documents to the Buyer's Conveyancer
  • Subordinate legislation
  • Termination for breach
  • Time of the essence
  • Title to Property
  • Buyer's obligations
  • Remedies for breach
  • Third party rights
  • N/A

What to watch out for

  • That the agreement is for the sale of freehold and/or leasehold land, and not for any other type of property;

  • That the agreement sets out a period of time during which the seller will not negotiate with another prospective buyer; and

  • That the agreement is signed by both the seller and the buyer


Used by


Genie Team

Genie Team

Genie AI

The Genie Team consists of lawyers and paralegals. Our aim is to open source the law and provide high quality, regularly reviewed legal documents.

Agriculture, Forestry and Fishing

Additional information

Business categories

Business activities

Relevant sectors


Real Estate



Relevant company sizes

1 - 3

20 - 49

250 - 999

4 - 19

50 - 249

1000 +

Governing law

England and Wales


English UK

Gender neutral