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Letter of Undertaking

Letter for Release of Money (Lawyer on behalf of Purchaser)

letter of undertaking is an assurance by one party to another party that they will fulfil the obligation that had been previously agreed on, but not written into a contract.

This letter of undertaking concerns completion monies to be paid into the vendor’s account provided that the transaction between him and the purchaser is completed. The letter is written by the purchaser’s solicitors on his behalf and denotes the conditions and designated bank concerning the completion monies.

How to use this Document? 

This document should be carefully read by the Purchaser and the Vendor. Both parties should sign and return a copy, and once signed, both parties should get a copy.

The Completion Monies Amount, conditions of getting the money and the designated bank should all be clearly stated in the letter. If either party wishes to amend / contest the conditions in the letter in the future, they should write an instruction letter to instruct their solicitors to do so.

How to Tailor the Document for Your Need?

1. Click the “Create Document” button and fill in the details of the parties. You can click the “Fill with Member’s Information” button to complete the party’s information with your personal or business information saved to your account.

2. Please fill in any additional information by following the step-by-step guide on the left-hand side of the preview document and click the “Next” button.

3. When you are done, click the “Get Document” button and you can download the document in Word or PDF format.

4. Please review the document carefully and make any final modifications to ensure that the details are correct before sending to the addressee. 

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