Bargain Sale Deed for Australia

Bargain Sale Deed Template for Australia

A Bargain Sale Deed is a legal document used in Australian property transactions where real estate is sold for less than its fair market value. This document formally documents the transfer of property ownership while explicitly acknowledging the bargain nature of the sale. It includes specific provisions required under Australian property law, including market value acknowledgments, detailed property descriptions, and proper execution requirements for deeds. The document must comply with state-specific property legislation and requirements for valid deed execution under Australian law.

Your data doesn't train Genie's AI

You keep IP ownership of your information

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

Download a Standard Template

4.6 / 5
4.8 / 5
Access for free
OR

Alternatively: Run an advanced review of an existing
Bargain Sale Deed

Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc

What is a Bargain Sale Deed?

The Bargain Sale Deed is a specialized legal instrument used in Australian property transactions where property is intentionally sold below its fair market value. This type of deed is commonly utilized in charitable donations, family transfers, or strategic business transactions where there is a deliberate intention to sell property at a discount. The document must carefully balance the requirements of Australian property law, tax implications, and the specific needs of both parties. It requires explicit acknowledgment of the market value, the agreed purchase price, and the bargain nature of the transaction. This deed type is particularly important for maintaining legal compliance while documenting the intentional discount, which can have significant implications for tax purposes, especially in charitable contexts.

What sections should be included in a Bargain Sale Deed?

1. Parties: Identifies and defines the Vendor/Seller and Purchaser/Buyer with full legal names and addresses

2. Background: Establishes context, including property ownership, intention for bargain sale, and acknowledgment of below-market value

3. Definitions: Defines key terms used throughout the deed including Property, Settlement Date, Purchase Price, Market Value

4. Agreement to Sell and Purchase: Core agreement section stating the vendor's agreement to sell and purchaser's agreement to buy at the specified price

5. Purchase Price and Payment Terms: Specifies the agreed purchase price, payment method, and timing of payment

6. Market Value Acknowledgment: Explicit statement of property's market value and acknowledgment of the bargain nature of the sale

7. Property Details: Detailed description of the property including title details, fixtures, and inclusions/exclusions

8. Settlement: Details of settlement process, timing, and requirements

9. Vendor's Warranties: Warranties regarding property title, condition, and authority to sell

10. Risk and Insurance: Provisions regarding property risk transfer and insurance requirements

11. Default Provisions: Consequences and remedies for default by either party

12. Execution: Formal execution blocks with witness requirements for deed validity

What sections are optional to include in a Bargain Sale Deed?

1. Tax Implications: Include when specific tax consequences need to be acknowledged, particularly for charitable transactions

2. Special Conditions: Add when there are unique requirements or conditions specific to the transaction

3. Charitable Purpose: Include when the bargain sale is to a charitable organization and specific charitable purposes need to be documented

4. Encumbrances: Include when the property has existing mortgages, easements, or other encumbrances that need to be addressed

5. Due Diligence Results: Include when specific property investigations or inspections have been conducted

6. Environmental Matters: Include when environmental issues or considerations are relevant to the property

7. Development Conditions: Include when the property has specific development approvals or restrictions

What schedules should be included in a Bargain Sale Deed?

1. Property Description Schedule: Detailed legal description of the property including title details, lot numbers, and plan references

2. Purchase Price Breakdown: Itemized breakdown of the purchase price, market value, and bargain discount

3. Settlement Requirements: Checklist of documents and requirements for settlement

4. Included Fixtures and Fittings: Detailed list of items included in the sale

5. Existing Encumbrances: List of any existing encumbrances that will remain on the property

6. Special Conditions: Detailed special conditions if applicable

7. Valuation Report: Summary or extract of professional valuation establishing market value

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

Jurisdiction

Australia

Publisher

Genie AI

Document Type

Sale Deed

Sector

Cost

Free to use
Relevant legal definitions
Clauses
Relevant Industries

Real Estate

Non-Profit & Charity

Education

Healthcare

Religious Organizations

Government & Public Sector

Property Development

Legal Services

Financial Services

Community Services

Relevant Teams

Legal

Real Estate

Property Management

Finance

Tax Advisory

Compliance

Corporate Development

Risk Management

Operations

Business Development

Relevant Roles

Property Lawyer

Real Estate Attorney

Conveyancer

Property Manager

Real Estate Agent

Tax Advisor

Chief Financial Officer

Charity Executive Director

Property Development Manager

Compliance Officer

Legal Counsel

Estate Planning Attorney

Non-Profit Director

Property Valuer

Settlement Agent

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

Find the exact document you need

Sale Deed And Gift Deed

An Australian legal instrument for formal property transfer through sale or gift, meeting jurisdictional requirements for deed execution and property law compliance.

find out more

Lot Deed Of Sale Of Land

An Australian legal document that formalizes the transfer of land ownership from seller to buyer, including all terms, conditions, and obligations under state and federal law.

find out more

Deed Of Sale House And Lot

An Australian legal document that formalizes the sale and transfer of ownership of a house and lot from seller to buyer, compliant with Australian property law.

find out more

Deed Of Sale Company Vehicle

An Australian legal document for transferring ownership of a company vehicle, ensuring compliance with federal and state vehicle transfer requirements.

find out more

Conditional Deed Of Sale Motor Vehicle

An Australian-compliant conditional deed for motor vehicle sales, establishing terms and conditions for vehicle ownership transfer under Australian law.

find out more

Plot Sale Deed

An Australian legal document that formalizes the transfer of land ownership from seller to buyer, complying with state and federal property laws.

find out more

Deed Of Sale Signed By Attorney In Fact

An Australian legal document for the sale of assets or property executed by an Attorney in Fact under a Power of Attorney.

find out more

Deed Of Sale Of A Parcel Of Land

An Australian legal instrument that formally documents and executes the sale and transfer of land ownership between parties, complying with state property laws and registration requirements.

find out more

Deed Of Sale Condo

An Australian legal instrument that transfers ownership of a condominium unit from seller to buyer, complying with federal and state property laws.

find out more

Deed Of Absolute Sale With Special Power Of Attorney

An Australian legal document combining a property sale deed with special power of attorney provisions, enabling property transfer and authorized representation in a single instrument.

find out more

Quick Deed Sale Form

An Australian legal document facilitating streamlined property transfers, combining essential sale elements in a simplified yet legally robust format.

find out more

Grant Bargain Sale Deed

An Australian legal document used to formally transfer ownership of real property from a Transferor to a Transferee, complying with state property legislation and registration requirements.

find out more

Deed Of Sale For Car Vehicle

An Australian legal document that formalizes the sale and transfer of ownership of a motor vehicle, ensuring compliance with relevant federal and state regulations.

find out more

Deed Of Absolute Sale Expiration

An Australian legal instrument that formally documents and effects the expiration of a previous sale agreement, defining rights and obligations upon expiration.

find out more

Cash Sale Deed

An Australian legal document facilitating immediate property transfer with full cash payment at settlement, complying with state and federal property laws.

find out more

Deed Of Sale Of Firearm

An Australian legal deed that documents and formalizes the sale and transfer of a firearm, ensuring compliance with federal and state firearms legislation.

find out more

Deed Of Sale Motorcycle

An Australian legal document formalizing the sale and transfer of ownership of a motorcycle between parties, compliant with federal and state regulations.

find out more

Transfer Deed For Sale Purchase Of Vehicle

An Australian legal document that formalizes the transfer of vehicle ownership between parties, ensuring compliance with federal and state regulations.

find out more

Deed Of Sale Transfer Of Rights

An Australian legal document formalizing the transfer of rights or interests from one party to another, executed as a deed under Australian law.

find out more

Registered Lease Deed

An Australian legal document creating a registered leasehold interest in real property, compliant with state property laws and registration requirements.

find out more

Deed Of Sale With Waiver Of Rights

An Australian law-governed deed that combines asset sale provisions with formal waiver of rights, meeting specific deed execution requirements under Australian jurisdiction.

find out more

Deed Of Sale Rights Only

An Australian legal instrument that formally documents and effects the transfer of specific rights between parties, executed as a deed under Australian law.

find out more

Deed Of Sale House Only

An Australian legal deed document for the transfer of house ownership, excluding land, containing all essential terms and conditions for the sale transaction.

find out more

Deed Of Sale Form For Lot

An Australian legal document facilitating the transfer of lot ownership from seller to buyer, compliant with state and federal property laws.

find out more

Deed Of Sale Automobile

An Australian legal deed documenting the sale and transfer of ownership of a motor vehicle, including all necessary terms and conditions under Australian law.

find out more

Deed Of Confirmation Of Sale

An Australian legal document that formally confirms and provides evidence of a completed sale transaction and its terms.

find out more

Tax Certificate Sale

An Australian legal document facilitating the sale and transfer of tax certificates between issuing authorities and purchasers, ensuring compliance with federal and state regulations.

find out more

Deed Of Sale Of Shares

An Australian legal document that formalizes the sale and transfer of company shares between parties, structured as a deed for enhanced legal protection.

find out more

Deed Of Absolute Sale Of Unregistered Land

An Australian legal instrument for transferring ownership rights of unregistered land, documenting the complete sale transaction and associated conditions.

find out more

Deed Of Absolute Sale For Motorcycle

An Australian legal document that facilitates and records the complete transfer of motorcycle ownership from seller to buyer, ensuring compliance with relevant state and federal regulations.

find out more

Business Deed Of Sale

An Australian legal document that formalizes the sale and purchase of a business, including terms, conditions, and transfer of business assets.

find out more

Bike Sale Deed

An Australian law-governed deed that documents the sale and purchase of a bicycle, including specifications, warranties, and transfer terms.

find out more

Apartment Sale Deed

An Australian legal document facilitating the transfer of ownership of strata-titled residential properties, detailing sale terms and conditions in compliance with local property law.

find out more

Final Deed Of Sale

An Australian legal document that finalizes property ownership transfer, detailing sale terms and conditions under Australian property law.

find out more

Deed Of Sale Tricycle

An Australian deed of sale document for the transfer of ownership of a tricycle, incorporating relevant consumer protection and sale of goods legislation.

find out more

Simple Deed Of Sale

An Australian legal instrument executed as a deed to formalize the sale and transfer of property or assets between parties, offering enhanced enforceability under Australian law.

find out more

Sale Deed Form

An Australian legal document that formalizes and records the transfer of property or assets from a vendor to a purchaser, ensuring compliance with relevant state and federal laws.

find out more

Sale Deed For House

An Australian legal document that formalizes the sale and transfer of residential property ownership, governed by state/territory property laws.

find out more

Power Of Attorney Sale Deed

An Australian legal document authorizing an appointed attorney to conduct property sale transactions on behalf of the principal owner.

find out more

Original Sale Deed

An Australian legal document that formally transfers property ownership from seller to buyer, containing all essential terms and conditions of the sale transaction.

find out more
See more related templates

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

We are ISO27001 certified, so your data is secure

Organizational security:

You retain IP ownership of your documents and their information

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

2 Docs LeftAccess Now