All Countries
Termination Of Real Estate Contract By Buyer

Termination Of Real Estate Contract By Buyer Template for Australia

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Termination Of Real Estate Contract By Buyer

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Termination Of Real Estate Contract By Buyer

"I need a Termination Of Real Estate Contract By Buyer document for a residential property purchase in Sydney, Australia, where the building inspection revealed significant structural issues not disclosed in the contract, and I want to ensure the full deposit is returned within 14 days."

Celebrated by
Collaborations with
Investors
Document background
The Termination Of Real Estate Contract By Buyer is a crucial document in Australian property transactions when a buyer needs to withdraw from a property purchase agreement. It is typically used during cooling-off periods, when contract conditions are not met (such as finance or building inspection conditions), or when other valid grounds for termination exist under Australian law. The document ensures proper documentation of the termination process, addresses the return of deposit monies, and provides legal protection for all parties involved. It must comply with state-specific property legislation and the Australian Consumer Law, making it essential to have jurisdiction-appropriate versions. This document is particularly important in protecting buyers' rights while providing clarity and certainty for all parties in the termination process.
Suggested Sections

1. Date and Parties: Identification of the date of termination notice and full details of both buyer and seller

2. Property Details: Complete description of the property including address, lot number, title reference and any inclusions/exclusions specified in original contract

3. Contract Reference: Details of the original contract including date of execution and contract number

4. Termination Grounds: Clear statement of the legal basis for termination (e.g., cooling-off period, contract conditions not met, etc.)

5. Deposit Return Details: Specification of deposit amount to be returned and payment details

6. Mutual Release: Statement releasing both parties from further obligations under the contract

7. Execution: Signature blocks for all parties and witnesses where required

Optional Sections

1. Compensation Claims: Include when either party is making or reserving rights to compensation claims

2. Return of Documents: Include when there are specific documents that need to be returned to either party

3. Third Party Notifications: Include when there are requirements to notify third parties (e.g., financial institutions, real estate agents)

4. Costs Attribution: Include when there are specific agreements about who bears the costs of termination

5. Confidentiality: Include when parties wish to maintain confidentiality about the termination

Suggested Schedules

1. Original Contract: Copy of the original contract of sale

2. Supporting Evidence: Documentation supporting the grounds for termination (e.g., building inspection reports, finance decline letters)

3. Deposit Receipt: Copy of original deposit receipt and payment details

4. Communication Records: Relevant correspondence between parties regarding the termination

Authors

Alex Denne

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

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant Industries

Real Estate

Legal Services

Financial Services

Property Development

Construction

Property Management

Banking

Professional Services

Relevant Teams

Legal

Real Estate

Compliance

Property Management

Sales

Operations

Risk Management

Documentation

Client Services

Administrative Support

Relevant Roles

Real Estate Agent

Property Lawyer

Conveyancer

Legal Counsel

Property Manager

Contract Administrator

Compliance Officer

Property Developer

Sales Manager

Transaction Coordinator

Settlement Officer

Industries
Property Law Act 1974: The primary legislation governing real property transactions in Australia, including provisions for contract termination and property transfers
Australian Consumer Law (ACL): Provides consumer protections and rights, including cooling-off periods for residential property purchases and regulations regarding misleading conduct in property transactions
Real Estate and Business Agents Act: Regulates real estate transactions and the conduct of real estate agents, including requirements for proper documentation and disclosure
Conveyancing Act: Governs the process of transferring property ownership and the legal requirements for property contracts, including termination provisions
Electronic Transactions Act: Relevant for electronic execution of property documents and communications regarding contract termination
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

Find the exact document you need

Surrender Agreement

An Australian law-compliant template for documenting the early termination of a lease by mutual agreement between landlord and tenant.

find out more

Commercial Lease Early Termination

Australian-compliant agreement for mutual early termination of commercial leases, addressing financial settlements, premises handover, and releases.

find out more

Letter To End Contract With Employer

A formal resignation letter compliant with Australian employment law, providing official notice of employment termination from employee to employer.

find out more

Landlord Breaks Lease Agreement

An Australian legal agreement documenting early lease termination initiated by the landlord, ensuring compliance with local tenancy laws and protecting both parties' interests.

find out more

Surrender Of Lease

An Australian law-compliant template for the early termination of a lease by mutual agreement between landlord and tenant.

find out more

Non Renewal Of Lease

An Australian-compliant template for formally notifying tenants of a lease non-renewal decision, including essential legal requirements and property handover details.

find out more

Terminate Building Contract

An Australian jurisdiction document for formally terminating a building contract, addressing termination grounds, settlements, and compliance with local construction law.

find out more

End Of Apprenticeship Contract

An Australian-compliant agreement documenting the successful completion of an apprenticeship and transition to qualified worker status.

find out more

Surrender Of Lease Deed

An Australian legal document that formalizes the mutual agreement between landlord and tenant to terminate a lease early, releasing both parties from their ongoing lease obligations.

find out more

Professional Termination Letter

An Australian-compliant formal document that officially terminates employment, detailing termination terms and conditions in accordance with the Fair Work Act 2009.

find out more

Assignment Of Lease Agreement

An Australian legal document facilitating the transfer of lease rights and obligations from an existing tenant to a new tenant, with landlord's consent.

find out more

Mutual Contract Termination Agreement

An Australian law-compliant template for mutual contract termination, enabling parties to formally and amicably end their contractual relationship.

find out more

Termination Of Commercial Lease Agreement

An Australian-compliant agreement template for formally terminating a commercial lease arrangement between landlord and tenant.

find out more

Termination Agreement

An Australian legal document outlining the terms and conditions for ending an employment relationship, compliant with local employment laws.

find out more

Termination Of Lease Letter

An Australian legal document serving formal notice to terminate a lease agreement, complying with state-specific tenancy laws and regulations.

find out more

Non Renewal Of Tenancy Contract

An Australian jurisdiction compliant notice document informing tenants that their current tenancy agreement will not be renewed upon expiration.

find out more

Termination Of Temporary Employment Letter

An Australian-compliant formal letter documenting the termination of temporary employment, including final entitlements and post-employment obligations.

find out more

Mutual Consent Contract

An Australian law-governed agreement documenting mutual understanding and commitments between parties, establishing legally binding obligations and protections.

find out more

Lease Surrender Letter

An Australian legal document that formally terminates a lease agreement before its natural expiration date through mutual consent between landlord and tenant.

find out more

End Of Service Contract

An Australian-compliant agreement documenting employment termination terms, final entitlements, and mutual obligations between employer and employee.

find out more

End Of Contract Letter To Client

A formal Australian business document that officially concludes a contractual relationship with a client, addressing final deliverables and obligations.

find out more

Termination Of The Employment Contract

An Australian-compliant template for formalizing employment termination arrangements, aligned with the Fair Work Act 2009 and relevant state legislation.

find out more

Landlord Ends Tenancy Agreement

An Australian legal document used by landlords to formally terminate a residential tenancy agreement in compliance with state tenancy laws.

find out more

Early Termination Of Tenancy Agreement By Landlord

An Australian legal document enabling landlords to terminate a residential tenancy agreement before its scheduled end date, in compliance with state and territory tenancy laws.

find out more

Ending A Fixed Term Contract Early

Template for early termination of fixed-term employment contracts under Australian law, ensuring compliance with Fair Work Act requirements.

find out more

Mutual Termination Of Construction Contract

An Australian-compliant agreement for the mutual and consensual termination of construction contracts, ensuring proper project closure and transition.

find out more

Termination Of Real Estate Contract By Buyer

An Australian legal document for buyers to terminate real estate purchase contracts, ensuring compliance with property law and protecting both parties' interests.

find out more

Mutual Consent Termination

An Australian law agreement for consensual termination of existing contracts, including mutual releases and settlement terms.

find out more

Service Agreement Cancellation Letter

An Australian-compliant formal letter used to terminate an existing service agreement, outlining termination details and conditions.

find out more

Contract Termination Agreement And Release

An Australian law-compliant template for formally terminating contracts and establishing mutual releases between parties.

find out more

Agreement To End Tenancy

An Australian legal document formalizing the mutual agreement between landlord and tenant to end a residential tenancy agreement.

find out more

60 Day Termination Of Lease Letter

An Australian-compliant formal notice document for terminating a lease agreement with 60 days' notice, meeting all statutory requirements under Australian tenancy laws.

find out more

Letter Of Revocation Of Contract

An Australian legal document used to formally terminate an existing contract, stating the revocation terms and effective date under Australian law.

find out more

Terminate Employment Letter

A formal document used in Australian employment law to officially terminate employment, ensuring compliance with the Fair Work Act 2009 and related legislation.

find out more

Friendly Termination Of Services Letter

An Australian-compliant mutual agreement document for the amicable termination of employment services, outlining agreed separation terms and final arrangements.

find out more

Contract Cancellation Agreement

An Australian law-governed agreement that formally terminates an existing contract between parties, setting out termination terms and mutual releases.

find out more

Termination Of Employment Contract

An Australian law-compliant agreement that formally documents the termination of employment, including termination terms, final payments, and ongoing obligations.

find out more

Business Contract Termination

An Australian-compliant agreement for formally terminating business contracts, ensuring legal protection and proper closure of business relationships.

find out more

Termination Of Employment Letter Within Probationary Period

An Australian-compliant formal letter terminating employment during the probationary period, including notice requirements and final entitlements under Australian law.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: https://www.genieai.co/our-research
Oops! Something went wrong while submitting the form.

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our Trust Centre for more details and real-time security updates.

Read our Privacy Policy.