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For Sale By Owner Contract

For Sale By Owner Contract Template for Australia

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Key Requirements PROMPT example:

For Sale By Owner Contract Template

"I need a For Sale By Owner Contract Template for selling my residential property in Sydney, Australia, with an existing tenant whose lease expires in March 2025, and the contract needs to include special conditions for solar panel installations and swimming pool compliance."

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Document background
The For Sale By Owner Contract Template is specifically designed for use in Australian property transactions where property owners choose to sell their property directly to buyers without engaging a real estate agent. This approach has become increasingly popular as owners seek to reduce transaction costs while maintaining control over the sale process. The template includes all legally required elements under Australian property law, including statutory disclosures, warranties, and settlement provisions. It's structured to protect both parties' interests while ensuring compliance with relevant state and federal legislation. The document can be customized for different property types (residential, commercial, or rural) and includes optional sections for special conditions and specific requirements that may arise in different scenarios.
Suggested Sections

1. Parties: Identification and details of the Vendor (Seller) and Purchaser (Buyer), including full legal names, addresses, and contact information

2. Background: Brief context of the sale arrangement and property transaction

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

4. Property Details: Complete legal description of the property including lot number, plan, title reference, and street address

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

6. Settlement: Settlement date, time, and location details

7. Property Condition: Current condition of the property and any included/excluded fixtures and fittings

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

9. Purchaser Obligations: Key obligations and warranties from the purchaser, including finance arrangements

10. Default Provisions: Consequences and remedies in case either party defaults on their obligations

11. General Provisions: Standard contract terms including notices, governing law, and entire agreement provisions

Optional Sections

1. Special Conditions: Additional conditions specific to the transaction, used when standard terms need modification

2. Foreign Investment: Required when purchaser is a foreign buyer, including FIRB approval requirements

3. Swimming Pool Compliance: Used when property includes a swimming pool, detailing compliance requirements

4. Tenancy Details: Required when property is sold with existing tenants, including lease details

5. Building and Pest Inspection: When contract is subject to satisfactory building and pest inspections

6. Finance Condition: When purchase is subject to purchaser obtaining finance approval

7. GST Provisions: Required when GST is applicable to the transaction

8. Water Rights: Used for rural properties with water entitlements

9. Body Corporate: Required for strata-titled properties, including body corporate details

Suggested Schedules

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

2. Schedule 2 - Special Conditions: Detailed special conditions applicable to the sale

3. Schedule 3 - Property Certificate: Current title search and registered encumbrances

4. Schedule 4 - Vendor Statement: Statutory vendor disclosure statement as required by state law

5. Appendix A - Property Plans: Copy of registered plan/survey of the property

6. Appendix B - Compliance Certificates: Relevant compliance certificates for pool, building works etc.

7. Appendix C - Lease Documents: Copies of current lease agreements if property is tenanted

8. Appendix D - Essential Safety Measures: Details of safety measures and maintenance records where applicable

Authors

Alex Denne

Head of Growth (Open Source Law) @ ºÚÁÏÊÓƵ | 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

Financial Services

Construction

Property Management

Insurance

Banking

Relevant Teams

Legal

Property Management

Conveyancing

Compliance

Risk Management

Documentation

Real Estate Operations

Contract Administration

Relevant Roles

Property Owner

Property Buyer

Conveyancer

Property Lawyer

Legal Counsel

Contract Administrator

Property Manager

Settlement Agent

Mortgage Broker

Building Inspector

Bank Manager

Legal Administrator

Compliance Officer

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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