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Sale Of Immovable Property Agreement Template
"I need a Sale of Immovable Property Agreement Template for a residential property sale in Sydney, Australia, with settlement scheduled for March 2025 and including a finance condition clause since the buyer requires mortgage approval."
1. Parties: Identifies and provides full details of the Vendor and Purchaser, including registered names, addresses, and ACN/ABN if applicable
2. Background: Outlines the context of the agreement, including the Vendor's ownership of the property and the Purchaser's intention to buy
3. Definitions and Interpretation: Defines key terms used throughout the agreement and sets out rules for interpreting the document
4. Property Details: Comprehensive description of the property including lot number, title reference, address, and included fixtures and fittings
5. Purchase Price: Specifies the agreed purchase price, deposit amount, and payment terms
6. Deposit: Details of deposit amount, payment timing, and holding arrangements
7. Settlement: Specifies settlement date, time, location, and requirements for completion
8. Adjustments: Outlines how rates, taxes, and other outgoings will be adjusted between parties
9. Title and Transfer: Vendor's warranties regarding title and transfer requirements
10. Vendor's Warranties: Standard warranties about the property's condition, encumbrances, and compliance with laws
11. Purchaser's Warranties: Warranties regarding the purchaser's capacity to complete the purchase
12. Default and Termination: Consequences of default by either party and termination rights
13. GST: GST treatment of the sale and required declarations
14. Notices: How formal notices under the agreement must be given
15. General Provisions: Standard contract clauses including governing law, entire agreement, and variation requirements
16. Execution: Formal requirements for signing the agreement
1. Tenant Provisions: Required when the property is sold subject to existing tenancies, including details of leases and tenant obligations
2. Pool Compliance: Required when the property includes a swimming pool, covering compliance certificates and safety requirements
3. Foreign Investment: Required when the purchaser is a foreign person, including FIRB approval requirements
4. Building and Pest Inspection: Optional condition precedent allowing for building and pest inspections
5. Finance Condition: Optional condition precedent regarding purchaser obtaining finance approval
6. Development Provisions: Required when the property is under development or subject to development approval
7. Water Rights: Required for rural properties with water entitlements
8. Body Corporate: Required for strata-titled properties, including body corporate disclosures
9. Environmental Matters: Required when there are environmental considerations such as contamination or protected species
1. Property Schedule: Detailed description of the property including title particulars, encumbrances, and included chattels
2. Special Conditions: Any special conditions agreed between the parties that modify or add to the standard conditions
3. Disclosure Statement: Required statutory disclosures about the property
4. Form of Transfer: The prescribed form of transfer document to be signed at settlement
5. Tenancy Schedule: Details of any existing tenancies including lease terms and rent (if applicable)
6. Included Chattels: Itemized list of moveable items included in the sale
7. Required Repairs: List of any repairs or maintenance the vendor agrees to complete before settlement
8. Planning and Development: Relevant planning certificates and development approvals
9. Certificate of Title: Copy of the current title search showing registered interests
Authors
Real Estate
Property Development
Construction
Legal Services
Banking and Finance
Agriculture (for rural properties)
Retail (for commercial properties)
Manufacturing (for industrial properties)
Hospitality (for hotels/resorts)
Mining (for resource-rich properties)
Legal
Real Estate
Property Management
Compliance
Commercial
Business Development
Investment
Asset Management
Operations
Risk Management
Property Lawyer
Real Estate Agent
Conveyancer
Property Developer
Legal Counsel
Compliance Officer
Contract Manager
Property Manager
Real Estate Broker
Commercial Director
Investment Manager
Asset Manager
Business Development Manager
Real Estate Portfolio Manager
Settlement Agent
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