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Simple Real Estate Sales Contract

Simple Real Estate Sales Contract Template for Australia

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Key Requirements PROMPT example:

Simple Real Estate Sales Contract

"I need a Simple Real Estate Sales Contract for the sale of my residential property in Sydney, Australia, with settlement scheduled for March 2025, and the property is currently tenanted so we need to include provisions for the existing lease agreement."

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Document background
The Simple Real Estate Sales Contract is a fundamental legal document used in Australian property transactions to formalize the agreement between a property seller (vendor) and buyer (purchaser). This contract type is essential for both residential and commercial property sales throughout Australia, incorporating all necessary elements required by federal and state legislation. It is designed to be comprehensive yet straightforward, suitable for standard property transactions where no complex special conditions are required. The document includes critical components such as property details, purchase price, settlement terms, and statutory warranties, while allowing for customization through optional clauses and schedules. When using this contract, parties should ensure compliance with relevant state-specific requirements, as property law can vary between Australian jurisdictions.
Suggested Sections

1. Parties: Identification and details of the Vendor and Purchaser, including full legal names, addresses, and ACN/ABN if applicable

2. Background: Brief context of the sale, including property identification and intention to sell/purchase

3. Definitions: Defined terms used throughout the contract, ensuring clear interpretation

4. Property Details: Complete description of the property including lot number, title reference, address, and included fixtures/fittings

5. Purchase Price: Agreed purchase price, deposit amount, and payment terms

6. Deposit: Deposit amount, payment timing, and holding arrangements

7. Settlement: Settlement date, time, and location requirements

8. Title and Transfer: Obligations regarding transfer of title and required documentation

9. Vendor Warranties: Standard warranties about property ownership, encumbrances, and condition

10. Purchaser Warranties: Purchaser's confirmations regarding inspection and financial capacity

11. Default: Consequences and remedies for breach of contract by either party

12. General Provisions: Standard contract terms including notices, governing law, and execution requirements

Optional Sections

1. Foreign Investment: Required when purchaser is a foreign person under FIRB regulations

2. Existing Tenancies: Include when property is sold subject to existing lease arrangements

3. Swimming Pool Compliance: Required when property includes a swimming pool

4. Building and Pest Inspection: Include when sale is conditional on satisfactory inspections

5. Finance Condition: Include when sale is subject to purchaser obtaining finance

6. GST Provisions: Required when property sale attracts GST

7. Special Conditions: Any additional agreed terms specific to this transaction

Suggested Schedules

1. Schedule 1 - Property Inventory: Detailed list of included fixtures, fittings, and chattels

2. Schedule 2 - Title Search: Current title search showing registered interests and encumbrances

3. Schedule 3 - Disclosure Statement: Statutory disclosures required by state legislation

4. Schedule 4 - Property Certificate: Local authority certificate showing planning and zoning information

5. Appendix A - Property Plans: Relevant property plans, surveys, or diagrams

6. Appendix B - Certificates: Copies of relevant compliance certificates (building, pool, etc.)

7. Appendix C - Special Conditions: Detailed special conditions if required

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

Legal Services

Banking & Finance

Construction

Property Management

Professional Services

Residential Property

Commercial Property

Relevant Teams

Legal

Real Estate Sales

Property Management

Compliance

Business Development

Operations

Contract Administration

Risk Management

Conveyancing

Property Development

Relevant Roles

Real Estate Agent

Property Manager

Conveyancer

Property Lawyer

Legal Counsel

Contract Administrator

Property Developer

Sales Manager

Compliance Officer

Transaction Coordinator

Settlement Agent

Business Development Manager

Property Consultant

Legal Assistant

Real Estate Broker

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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