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Private Home Purchase Agreement
I need a Private Home Purchase Agreement for a strata-titled apartment in Sydney, with settlement scheduled for March 2025, that includes specific provisions for an existing tenant whose lease expires in June 2025.
1. Parties: Identifies and provides full details of the Vendor (seller) and Purchaser (buyer)
2. Background: Establishes the context of the sale, including property ownership and intention to sell/purchase
3. Definitions: Defines key terms used throughout the agreement
4. Property Description: Detailed description of the property including lot number, title reference, and street address
5. Purchase Price: States the agreed purchase price and payment terms including deposit details
6. Settlement: Specifies settlement date, time, and location, and obligations of both parties
7. Title and Transfer: Details regarding transfer of title and requirements for clear title
8. Vendor Warranties: Warranties provided by the vendor regarding the property's condition and title
9. Purchaser Warranties: Warranties provided by the purchaser regarding financial capacity and authority
10. Property Condition: State of the property at sale and any included/excluded fixtures and fittings
11. Risk and Insurance: Allocation of risk and insurance requirements until settlement
12. Default and Termination: Consequences of default by either party and termination rights
13. Notices: How formal notices between parties should be given
14. General Provisions: Standard legal provisions including governing law and interpretation
15. Execution: Formal signing section with witness requirements
1. Foreign Investment: Required when purchaser is a foreign buyer, addressing FIRB approval requirements
2. Finance Condition: Used when purchase is subject to the buyer obtaining finance approval
3. Building and Pest Inspection: When purchase is conditional on satisfactory building and pest inspections
4. Existing Tenancy: Required when property is sold with existing tenants and lease agreements
5. Swimming Pool Compliance: Required when property includes a swimming pool, addressing compliance requirements
6. Strata Title Provisions: Required for apartments or units under strata title
7. GST Provisions: Required when GST is applicable to the transaction
8. Development Approval: When property is sold subject to specific development approvals or conditions
9. Water Rights: Required for rural properties with water access rights
10. Environmental Matters: When property has specific environmental considerations or restrictions
1. Schedule 1 - Property Details: Comprehensive property description including title details, boundaries, and inclusions/exclusions
2. Schedule 2 - Purchase Price Breakdown: Detailed breakdown of purchase price, deposit, and payment terms
3. Schedule 3 - Special Conditions: Any special conditions agreed between the parties
4. Schedule 4 - Disclosure Statement: Required statutory disclosures about the property
5. Appendix A - Title Search: Current title search showing ownership and encumbrances
6. Appendix B - Property Certificate: Local government property certificate showing zoning and restrictions
7. Appendix C - Plan of Land: Survey plan or registered plan of the property
8. Appendix D - Inspection Reports: Any relevant building, pest, or other inspection reports
9. Appendix E - Certificates of Compliance: Relevant compliance certificates for pool, building works etc.
10. Appendix F - Lease Documents: Copies of existing lease agreements if applicable
Authors
Bank Guarantee
Business Day
Completion
Contract Date
Deposit
Deposit Holder
Encumbrance
Fixtures
FIRB
GST
Improvements
Including
Land
Notice
Outgoings
Party/Parties
Permitted Encumbrances
Planning Scheme
Property
Purchase Price
Purchaser
Registration
Representative
Settlement
Settlement Date
Special Conditions
Stamp Duty
Title
Transfer
Vendor
Vendor's Agent
Working Days
Certificate of Title
Inclusions
Exclusions
Default Interest Rate
Warranties
Requisitions
Strata Title
Common Property
Owners Corporation
Building
Plan of Subdivision
Chattels
Lease
Tenancy Agreement
Deposit Bond
Reserved Rights
Building Inspection
Pest Inspection
Zoning
Council Rates
Water Rates
Land Tax
Purchase Price
Payment Terms
Settlement
Title
Warranties
Property Condition
Risk and Insurance
Default
Termination
Force Majeure
Representations
Deposit
Inspection Rights
Compliance
Due Diligence
Finance
Foreign Investment
GST
Notices
Assignment
Governing Law
Dispute Resolution
Entire Agreement
Severability
Costs
Time of Essence
Further Assurance
Confidentiality
Property Access
Stamp Duty
Encumbrances
Outgoings
Adjustments
Tenancy
Planning and Zoning
Environmental Matters
Fixtures and Fittings
Strata Provisions
Registration
Survival
Real Estate
Legal Services
Financial Services
Property Development
Construction
Banking
Insurance
Property Management
Conveyancing Services
Building Inspection Services
Legal
Real Estate
Conveyancing
Property Management
Compliance
Risk Management
Documentation
Sales
Client Services
Operations
Real Estate Agent
Property Lawyer
Conveyancer
Legal Counsel
Property Manager
Mortgage Broker
Bank Manager
Property Valuer
Building Inspector
Compliance Officer
Legal Administrator
Settlement Agent
Contract Administrator
Real Estate Partner
Property Consultant
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