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Real Estate Sales Contract

Real Estate Sales Contract Template for Australia

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Key Requirements PROMPT example:

Real Estate Sales Contract Template

"I need a Real Estate Sales Contract Template for selling a mixed-use commercial property in Sydney, with specific provisions for existing retail tenants and a staged settlement process to be completed by March 2025."

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Document background
The Real Estate Sales Contract Template is a foundational legal document used in Australian property transactions to formalize the sale and purchase of real estate. It serves as a comprehensive framework for both residential and commercial property sales, ensuring compliance with Australian property law and state-specific requirements. This template is designed to protect both vendors' and purchasers' interests by clearly defining the terms of sale, settlement procedures, and obligations of all parties. It includes essential provisions for property transfer, payment terms, warranties, and statutory disclosures, while allowing for customization through special conditions. The template is particularly valuable for property professionals, legal practitioners, and real estate agencies operating in the Australian market, where property transactions must adhere to strict regulatory requirements and consumer protection laws.
Suggested Sections

1. Parties: Identification of the vendor(s) and purchaser(s) with full legal names and addresses

2. Background: Context of the sale and brief description of the transaction

3. Definitions: Definitions of key terms used throughout the contract

4. Property Description: Detailed description of the property including lot number, title reference, and street address

5. Purchase Price: Statement of the agreed purchase price and payment terms including deposit details

6. Settlement: Settlement date, time, and place, and obligations of parties at settlement

7. Title and Transfer: Provisions regarding transfer of title and required documentation

8. Vendor's Warranties: Warranties provided by the vendor regarding the property's condition and title

9. Purchaser's Warranties: Warranties provided by the purchaser regarding capacity to complete purchase

10. Property Condition: State of the property at sale and any included/excluded fixtures and fittings

11. Adjustments: Provisions for adjusting rates, taxes, and other outgoings

12. Default: Consequences and remedies in case of default by either party

13. Notices: Requirements for giving notices under the contract

14. General Provisions: Standard contract terms including governing law and interpretation

Optional Sections

1. Special Conditions: Additional conditions specific to this sale, used when standard conditions need modification

2. Swimming Pool Compliance: Required when property includes a swimming pool, detailing compliance requirements

3. Existing Tenancies: Required when property is sold subject to existing tenancy agreements

4. Off-the-Plan Provisions: Required for sales of properties yet to be built or subdivided

5. Foreign Investment Approval: Required when purchaser is a foreign person requiring FIRB approval

6. GST Provisions: Required when the sale is subject to GST

7. Vendor Finance: Required when vendor is providing financing for the purchase

8. Building and Pest Inspection: Optional condition for purchaser to obtain satisfactory inspections

9. Finance Condition: Optional condition making sale subject to purchaser obtaining finance

Suggested Schedules

1. Property Details Schedule: Detailed description of land, improvements, and included chattels

2. Disclosure Statement: Statutory disclosures required by state legislation

3. Title Search: Current title search showing encumbrances and restrictions

4. Plan of Land: Survey plan or registered plan of the property

5. Inclusions and Exclusions: Detailed list of items included/excluded from sale

6. Required Notices: Statutory notices required by state legislation

7. Tenancy Details: Details of any existing tenancies including leases

8. Special Conditions Annexure: Additional terms and conditions specific to the sale

9. Certificates: Relevant certificates including zoning and planning certificates

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions





















































Clauses






























Relevant Industries

Real Estate

Property Development

Construction

Legal Services

Financial Services

Property Management

Commercial Property

Residential Property

Property Investment

Banking

Relevant Teams

Legal

Real Estate

Compliance

Property Management

Sales

Contract Administration

Risk Management

Operations

Business Development

Documentation

Relevant Roles

Real Estate Agent

Property Lawyer

Conveyancer

Property Developer

Legal Counsel

Compliance Officer

Property Manager

Sales Manager

Contract Administrator

Real Estate Broker

Property Investment Advisor

Settlement Agent

Title Officer

Real Estate Transaction Coordinator

Industries










Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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