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1. Parties: Identifies and defines all parties to the agreement, including full legal names and addresses of buyers and sellers
2. Background: Provides context for the agreement and brief description of the transaction
3. Definitions: Defines key terms used throughout the agreement
4. Property Description: Detailed description of the multi-family property, including all units, common areas, and legal descriptions
5. Purchase Price and Payment Terms: Specifies the total purchase price, deposit requirements, and payment structure
6. Due Diligence: Outlines the buyer's right to investigate the property, including inspection periods and requirements
7. Conditions Precedent: Lists all conditions that must be satisfied before the sale can proceed
8. Representations and Warranties: Statements of fact by both parties regarding the property and their capacity to enter into the agreement
9. Pre-Closing Obligations: Details the responsibilities of each party before settlement
10. Closing and Settlement: Specifies the closing process, timing, and requirements
11. Title and Transfer: Addresses title requirements, transfer process, and any encumbrances
12. Property Management: Covers management of the property between contract signing and settlement
13. Default and Remedies: Specifies what constitutes default and the available remedies
14. Notices: Details how formal communications between parties should be made
15. General Provisions: Standard legal provisions including governing law, entire agreement, and amendments
1. Foreign Investment Approval: Required when the buyer is a foreign person or entity requiring FIRB approval
2. Development Rights: Included when the property has potential for development or when development applications are pending
3. Environmental Matters: Required when there are specific environmental concerns or requirements
4. Existing Tenancies: Included when the property has existing tenants and leases
5. GST Treatment: Required when the transaction has specific GST implications
6. Property Management Transition: Included when there are existing property management arrangements to be transferred
7. Vendor Finance: Required when the seller is providing financing for the purchase
8. Body Corporate Provisions: Included for properties under strata or community title schemes
1. Schedule 1 - Property Details: Comprehensive description of all units, including floor plans and lot numbers
2. Schedule 2 - Purchase Price Allocation: Breakdown of purchase price across different components of the property
3. Schedule 3 - Existing Tenancies: Details of all current leases, tenants, and rental terms
4. Schedule 4 - Included Chattels: List of all fixtures, fittings, and equipment included in the sale
5. Schedule 5 - Due Diligence Documents: List of all documents to be provided for due diligence
6. Schedule 6 - Property Certificates: Copies of all relevant property certificates and compliance documents
7. Appendix A - Title Documents: Copies of title documents and registered encumbrances
8. Appendix B - Property Reports: Technical reports including building, pest, and structural assessments
9. Appendix C - Financial Records: Historical financial performance of the property including rental history
10. Appendix D - Development Approvals: Copies of any existing development approvals or applications
Attached Fixtures
Body Corporate
Business Day
Chattels
Closing Date
Common Property
Completion
Contract Date
Deposit
Due Diligence Period
Effective Date
Encumbrances
Environmental Laws
Existing Tenancies
Foreign Investment Approval
GST
Improvements
Land
Lease Agreements
Legal Costs
Lot
Material Adverse Change
Outgoings
Permitted Encumbrances
Property
Property Documents
Property Manager
Purchase Price
Purchaser
Purchaser's Solicitor
Real Property
Rent Roll
Representative
Security Deposits
Settlement
Settlement Date
Strata Plan
Strata Records
Strata Scheme
Tenants
Title Documents
Transfer
Units
Vendor
Vendor's Solicitor
Working Day
Purchase Price
Payment Terms
Deposit
Due Diligence
Title Transfer
Property Inspection
Conditions Precedent
Representations and Warranties
Settlement
Default and Termination
Risk and Insurance
Existing Tenancies
Property Management
Body Corporate
Environmental Compliance
Foreign Investment
GST
Stamp Duty
Assignment
Confidentiality
Force Majeure
Dispute Resolution
Governing Law
Notices
Costs and Expenses
Time of Essence
Entire Agreement
Severability
Further Assurance
Amendments
Waiver
Real Estate
Property Development
Commercial Property
Residential Property
Property Management
Legal Services
Financial Services
Property Investment
Construction
Urban Development
Legal
Real Estate
Property Management
Asset Management
Investment
Due Diligence
Acquisitions
Finance
Compliance
Property Operations
Real Estate Developer
Property Investment Manager
Real Estate Agent
Property Lawyer
Conveyancing Manager
Commercial Property Manager
Asset Manager
Acquisition Manager
Due Diligence Officer
Strata Manager
Property Portfolio Manager
Real Estate Investment Director
Legal Counsel
Property Valuer
Building Inspector
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