Document background
The Deed of Sale Condominium is a crucial legal instrument used in Australian property transactions for the transfer of strata-titled properties. It is required whenever a condominium unit is being sold and transferred from one party to another, ensuring compliance with state-specific property laws and strata scheme regulations. The document contains essential information including property details, purchase price, settlement requirements, strata-specific provisions, and various warranties and obligations of both parties. It must comply with the formal requirements of a deed under Australian law and include mandatory disclosures required by state legislation. This deed is particularly important as it deals with strata title property, which involves shared ownership of common property and compliance with strata scheme by-laws. The document serves as the primary evidence of the transaction and protects the interests of both the vendor and purchaser throughout the sale process.
