Conditional Purchase Agreement for Australia

Conditional Purchase Agreement Template for Australia

A comprehensive legal document governed by Australian law that establishes the terms and conditions for the purchase of property, where the completion of the purchase is subject to specific conditions being met. The agreement details the rights and obligations of both the purchaser and vendor, including purchase price, payment terms, conditions precedent, completion requirements, and warranties. It incorporates relevant Australian property law requirements and includes provisions for various contingencies such as finance approval, due diligence, or regulatory approvals.

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
Conditional Purchase Agreement

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 Conditional Purchase Agreement?

The Conditional Purchase Agreement is a crucial legal instrument in Australian property transactions where the sale is subject to specific conditions being fulfilled before becoming binding. This document is commonly used when purchasing properties that require finance approval, due diligence periods, development approvals, or other specific conditions. The agreement provides a framework for both parties to proceed with the transaction while protecting their interests through clearly defined conditions, timeframes, and obligations. It includes essential elements such as property details, purchase price, payment terms, conditions precedent, and completion requirements, all structured to comply with Australian property and contract law. The document is particularly valuable in complex property transactions where certainty is needed about specific conditions being met before the purchase becomes unconditional.

What sections should be included in a Conditional Purchase Agreement?

1. Parties: Identifies and provides full details of all parties to the agreement

2. Background: Provides context and purpose of the agreement, including property details

3. Definitions and Interpretation: Defines key terms and establishes interpretation principles

4. Purchase Price and Payment Terms: Specifies the agreed purchase price, deposit requirements, and payment schedule

5. Conditions Precedent: Details all conditions that must be satisfied before the purchase becomes binding

6. Completion Requirements: Specifies requirements and obligations for completion of the purchase

7. Property Details and Transfer: Details the property being purchased and transfer requirements

8. Warranties and Representations: Sets out warranties given by both parties regarding the property and transaction

9. Default and Termination: Specifies circumstances of default and termination rights

10. Costs and Stamp Duty: Allocates responsibility for transaction costs and stamp duty

11. Notices: Specifies how formal notices must be given between parties

12. General Provisions: Includes standard boilerplate clauses such as governing law, entire agreement, etc

What sections are optional to include in a Conditional Purchase Agreement?

1. Due Diligence: Used when the buyer requires a due diligence period to investigate the property

2. Finance Condition: Included when the purchase is subject to the buyer obtaining finance approval

3. Development Approval: Required when purchase is conditional on obtaining specific development approvals

4. Environmental Matters: Included for properties where environmental issues need consideration

5. Existing Tenancies: Required when the property is sold subject to existing lease agreements

6. GST Provisions: Detailed GST clauses required for commercial property transactions

7. Foreign Investment Approval: Required when the buyer needs FIRB approval

8. Building and Pest Inspection: Common in residential purchases, specifying inspection requirements and timeframes

What schedules should be included in a Conditional Purchase Agreement?

1. Property Description Schedule: Detailed description of the property including title details and inclusions

2. Purchase Price Schedule: Breakdown of purchase price, deposit, and payment terms

3. Conditions Precedent Schedule: Detailed list of all conditions and their fulfillment requirements

4. Completion Checklist: List of items required for completion

5. Disclosure Statement: Required statutory disclosures about the property

6. Existing Tenancies Schedule: Details of any existing leases or tenancy arrangements

7. Special Conditions: Any special or additional conditions specific to the transaction

8. Form of Transfer: Pro forma transfer document to be used at completion

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

Cost

Free to use
Relevant Industries

Real Estate

Commercial Property

Residential Property

Property Development

Construction

Retail

Industrial

Agriculture

Hospitality

Manufacturing

Relevant Teams

Legal

Real Estate

Property

Commercial

Acquisitions

Business Development

Finance

Compliance

Risk Management

Development

Projects

Relevant Roles

Legal Counsel

Property Lawyer

Real Estate Agent

Property Developer

Commercial Manager

Contract Manager

Property Manager

Acquisition Manager

Business Development Manager

Finance Manager

Compliance Officer

Risk Manager

Development Manager

Project Manager

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

Private Home Purchase Agreement

An Australian law-governed agreement for the sale and purchase of residential property between private parties, detailing all essential terms and conditions of the transaction.

find out more

Land Selling Agreement Form

An Australian legal document establishing terms and conditions for real property sales, compliant with state and federal property laws.

find out more

Realty Purchase Agreement

An Australian law-governed agreement documenting the legal transfer of real property from seller to buyer, including all essential terms and conditions of sale.

find out more

Boat Purchase And Sale Agreement

An Australian law-governed agreement for the purchase and sale of marine vessels, ensuring compliant transfer of vessel ownership and protecting both parties' interests.

find out more

Assignment Of Purchase And Sale Agreement Form

An Australian legal document that transfers a purchaser's rights and obligations under an existing property purchase agreement to a new buyer.

find out more

Apartment Sale And Purchase Contract

An Australian law-governed contract for the sale and purchase of apartment properties, incorporating essential terms, conditions, and statutory requirements for strata title transfers.

find out more

Buy Sell Contract Car

An Australian-compliant contract for the sale and purchase of motor vehicles, covering all essential transaction elements and jurisdictional requirements.

find out more

Promissory Sale And Purchase Agreement

An Australian law-governed agreement documenting a sale transaction with promised future payments, including payment terms, security arrangements, and completion requirements.

find out more

Conditional Purchase Agreement

An Australian law-governed agreement for property purchase subject to specific conditions, detailing terms between purchaser and vendor.

find out more

Agreement For Sale Of Flat

An Australian legal contract for the sale and purchase of a flat/apartment, detailing terms, conditions, and obligations of both parties under Australian property law.

find out more

Sell Agreement Form

An Australian-compliant agreement that documents the terms and conditions for the sale of goods or assets between parties, ensuring legal protection for both seller and buyer.

find out more

Purchase And Sale Agreement For Wholesalers

An Australian law-governed agreement establishing terms and conditions for wholesale trading relationships between suppliers and business customers.

find out more

Crude Oil Purchase Agreement

An Australian law-governed agreement for the sale and purchase of crude oil, covering commercial terms, specifications, and regulatory requirements.

find out more

Contract To Buy And Sell

An Australian law-governed agreement that documents the terms and conditions for the sale and purchase of goods, property, or assets between parties.

find out more

Buy Sell Agreement For Small Business

An Australian law-governed agreement for the sale and purchase of a small business, detailing transaction terms, assets transfer, and parties' obligations.

find out more

Agreement To Sell Personal Property

An Australian law-governed agreement for the sale and transfer of personal property, ensuring legal compliance and protection for both seller and buyer.

find out more

Simple Contract For Buying A House From Owner

An Australian law-compliant contract template for direct residential property sales between private owners and buyers.

find out more

Contract For Selling A House Privately

An Australian legal contract for the private sale of residential property between vendor and purchaser, without real estate agent involvement.

find out more

Residential Resale Condominium Property Purchase Contract

Australian legal contract for the sale and purchase of existing residential strata-titled properties, incorporating state-specific property laws and strata requirements.

find out more

House Buying Agreement

An Australian legal agreement governing the sale and purchase of residential property, outlining terms, conditions, and obligations under Australian property law.

find out more

Real Estate Intent To Purchase Form

An Australian legal document expressing a potential buyer's formal interest in purchasing a specific property and outlining proposed purchase terms.

find out more

Formal Agreement For Sale And Purchase

An Australian law-governed agreement that documents and legally binds the terms and conditions for the sale and purchase of real property.

find out more

Contract To Sell Condo

An Australian law-compliant agreement for the sale and purchase of a condominium unit, detailing terms, conditions, and strata requirements.

find out more

Principal Sale And Purchase Agreement

An Australian law-governed agreement documenting the terms and conditions for the sale and purchase of a business, assets, or shares, including price, warranties, and completion mechanisms.

find out more

Asset Purchase Agreement Goodwill

An Australian law-compliant agreement for the sale and purchase of business goodwill and associated intangible assets.

find out more

Agency Agreement For Sale Of Residential Property

An Australian residential property sale agency agreement establishing the legal relationship between property owner and real estate agent, outlining sales authorization and terms.

find out more

Purchase Agreement For Camper

An Australian law-governed agreement for the sale and purchase of a camper vehicle, including ownership transfer and warranty terms.

find out more

Offer To Purchase And Sale Agreement

An Australian legal document that combines the property purchase offer and sale agreement into a single binding contract, compliant with Australian property law and regulations.

find out more

Entity Buy Sell Agreement

An Australian legal agreement governing the transfer of business ownership interests between entity owners upon specified trigger events.

find out more

Intent To Sell Agreement

An Australian legal document that formalizes a property owner's intention to sell to a specific buyer, setting out key terms and conditions for proceeding to a formal sale contract.

find out more

As Is Home Purchase Agreement

An Australian legal agreement for the purchase of residential property in its current condition ('as is'), without seller warranties or guarantees.

find out more

Agreement For Purchase Of Flat With Builder

An Australian legal agreement between builder/developer and purchaser for the sale and construction of a residential flat, incorporating building regulations and consumer protection requirements.

find out more

Home Sale Agreement

An Australian legal agreement documenting the terms and conditions for the sale and purchase of residential property, compliant with state and federal property laws.

find out more

Agreement To Sell Contract

An Australian law-governed contract that formalizes the sale of goods, assets, or property between parties, outlining terms, conditions, and obligations of the sale transaction.

find out more

Addendum To Purchase Contract

An Australian-compliant legal document that modifies an existing purchase contract while maintaining the validity of unchanged terms.

find out more

Offer Of Purchase And Sale

An Australian legal document that formalizes property purchase terms and conditions between vendor and purchaser, compliant with federal and state property laws.

find out more

Commercial Purchase And Sale Agreement

An Australian law-governed agreement setting out terms and conditions for commercial sale and purchase of goods, assets, or businesses.

find out more

Purchase Agreement For Land

An Australian legal agreement documenting the terms and conditions for the sale and purchase of real property, compliant with state-specific property laws.

find out more

Contract For Sale Of Business Assets

An Australian legal agreement governing the sale and purchase of business assets, outlining terms, conditions, and transfer arrangements under Australian law.

find out more

Provisional Agreement For Sale And Purchase

An Australian preliminary property sale agreement that establishes initial terms and conditions while allowing for due diligence and condition satisfaction before final contract.

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