A licence to purchase a property within 2 years at a price fixed today

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Experience Level: Expert
My daughter shares a flat with a young woman and she wishes to sell her interest to my daughter\'s boyfriend. For a variety of reasons he wishes to get her to sign an agreement to sell to him within 2 years at a purchase price of £109,000 of which he will pay her £4000 now and will pay off her share of the mortgage (£105000)on completion of the arrangement within the 2 years. All parties are friends but this is a high value transaction which we feel should have a legally binding agreement

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