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Private Sale Contract Template
"I need a Private Sale Contract Template for selling my commercial warehouse property in Melbourne, with specific provisions for the existing tenant's lease to continue until March 2025 and including conditions about the transfer of industrial equipment installed in the property."
1. Parties: Identifies and provides full details of the Vendor and Purchaser
2. Background: Sets out the context of the sale and confirms the Vendor's ownership of the property
3. Definitions and Interpretation: Defines key terms used throughout the contract and establishes rules for interpretation
4. Property Details: Specific details of the property being sold, including lot number, title references, and address
5. Purchase Price: States the agreed purchase price and payment terms, including deposit requirements
6. Deposit: Specifies the deposit amount, payment timing, and holding arrangements
7. Settlement: Details of the settlement process, timing, and requirements
8. Adjustments: Provisions for adjusting rates, taxes, and other outgoings at settlement
9. Title and Transfer: Requirements for transfer of title and associated documentation
10. Vendor Warranties: Standard warranties provided by the Vendor regarding the property
11. Purchaser Warranties: Standard warranties provided by the Purchaser regarding capacity to purchase
12. Default: Consequences and remedies in case of default by either party
13. General Provisions: Standard contract provisions including notices, governing law, and entire agreement
14. Execution: Formal execution blocks for all parties
1. GST: Required when the property sale is subject to GST or when the Vendor is registered for GST
2. Foreign Investment: Required when the Purchaser is a foreign person under FIRB regulations
3. Special Conditions: Used when there are specific requirements or circumstances unique to this sale
4. Existing Tenancies: Required when the property is sold subject to existing tenant leases
5. Building and Pest Inspection: Used when the contract is conditional upon satisfactory building and pest inspections
6. Finance Condition: Used when the contract is conditional upon the Purchaser obtaining finance
7. Swimming Pool/Spa Compliance: Required when the property includes a swimming pool or spa
8. Body Corporate: Required for properties under strata or community title
1. Schedule 1 - Property Details: Detailed description of the property including title references, inclusions, and exclusions
2. Schedule 2 - Purchase Price Breakdown: Detailed breakdown of the purchase price, deposit, and payment terms
3. Schedule 3 - Disclosed Encumbrances: List of all registered and unregistered encumbrances affecting the property
4. Schedule 4 - Special Conditions: Any special conditions agreed between the parties
5. Appendix A - Title Search: Current title search showing registered interests in the property
6. Appendix B - Plan of Land: Survey plan or registered plan showing the property boundaries
7. Appendix C - Disclosure Documents: Required statutory disclosure documents
8. Appendix D - Due Diligence Checklist: Standard checklist of matters the Purchaser should consider
Authors
Bank
Business Day
Completion
Contract Date
Deposit
Deposit Holder
Encumbrances
GST
Improvements
Land
Notice
Outgoings
Particulars of Sale
Payment Terms
Permitted Encumbrances
Property
Purchase Price
Purchaser
Registration Fees
Related Party
Representative
Settlement
Settlement Date
Special Conditions
Stamp Duty
Title
Transfer
Vendor
Vendor's Statement
Working Day
Default Event
Default Interest Rate
Governmental Agency
Guarantor
Inclusions
Land Tax
Planning Scheme
Possession Date
Rates
Registration
Release Date
Requisitions
Reserve Price
Subject Property
Time of Essence
Transfer Documents
Utilities
Valuation
Zoning
Sale and Purchase
Purchase Price
Deposit
Settlement
Title Transfer
Warranties
Representations
Risk and Insurance
Adjustments
Default
Remedies
Notices
Assignment
Governing Law
Force Majeure
Entire Agreement
Severability
Variation
Waiver
Dispute Resolution
Costs
GST
Confidentiality
Property Inspection
Due Diligence
Encumbrances
Special Conditions
Time Essentials
Possession
Foreign Investment
Compliance
Property Condition
Further Assurance
Real Estate
Legal Services
Property Development
Construction
Banking and Finance
Professional Services
Property Investment
Residential Housing
Commercial Property
Legal
Real Estate
Property Management
Compliance
Operations
Sales
Conveyancing
Contract Administration
Risk Management
Corporate Services
Property Lawyer
Real Estate Agent
Conveyancer
Property Manager
Legal Counsel
Contract Manager
Property Developer
Real Estate Director
Settlement Agent
Compliance Officer
Real Estate Broker
Property Consultant
Legal Administrator
Transaction Coordinator
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