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A Real Estate Contract is a legally binding agreement between a buyer and seller for the purchase of property in Australia. It sets out the essential details like the purchase price, deposit amount, settlement date, and any special conditions that must be met before the sale goes through.

Under Australian property law, these contracts must be in writing and include specific details about the property, parties involved, and payment terms. The contract becomes official once both parties sign it, though most states give buyers a cooling-off period to change their mind. Real estate agents typically use standardized contracts approved by state real estate institutes.

Use a Real Estate Contract any time you're buying or selling property in Australia - from houses and apartments to commercial buildings and vacant land. This essential document protects both parties by clearly stating what's being sold, for how much, and under what conditions.

You need this contract before money changes hands or property ownership transfers. It's particularly important when dealing with special conditions like subject-to-finance clauses, building inspections, or timing requirements. Most Australian states require these contracts to be prepared or reviewed by a licensed conveyancer or solicitor to ensure they meet local property laws.

• Sales Contract For House: Standard form for residential property sales, including deposit terms, settlement conditions, and building inspection clauses
• Commercial Property Lease Agreement: Detailed contract for leasing business premises, covering rent reviews, maintenance obligations, and permitted use
• Residential Property Lease Agreement: Tailored for residential tenancies, addressing bond payments, maintenance responsibilities, and tenant rights under state laws

• Property Buyers and Sellers: The main parties who sign the Real Estate Contract and are legally bound by its terms, including payment and transfer obligations
• Real Estate Agents: Help negotiate terms and often prepare the initial contract using state-approved standard forms
• Conveyancers and Solicitors: Review and modify contracts, ensure legal compliance, and guide clients through the settlement process
• Banks and Lenders: Review contracts when providing mortgages and may require specific clauses for finance approval
• Building Inspectors: Often referenced in contracts for pre-purchase inspections and compliance reports

• Property Details: Gather exact address, lot number, title details, and property inclusions/exclusions
• Party Information: Collect full legal names, addresses, and contact details of all buyers and sellers
• Financial Terms: Document purchase price, deposit amount, payment schedule, and settlement date
• Special Conditions: List any finance approval requirements, building inspection needs, or specific buyer/seller requests
• Legal Requirements: Use our platform to generate a state-compliant contract that includes all mandatory cooling-off periods and disclosure statements
• Timeline Planning: Set realistic dates for deposit payment, inspections, and final settlement

• Party Details: Full legal names and addresses of all buyers, sellers, and their representatives
• Property Description: Complete address, lot number, title references, and clear description of included fixtures
• Purchase Terms: Agreed price, deposit amount, payment method, and settlement timeline
• Special Conditions: Finance approval periods, building inspection requirements, and pest inspection clauses
• Cooling-off Rights: Mandatory state-specific cooling-off period and termination conditions
• Signatures: Dated signatures of all parties, with witness requirements varying by state
• Disclosure Statements: State-mandated property disclosures and statutory warnings

A Real Estate Contract is often confused with a Real Estate Purchase Agreement, but they serve distinct purposes in Australian property transactions. While both documents relate to property sales, understanding their key differences helps choose the right one for your situation.

• Binding Nature: A Real Estate Contract is immediately legally binding once signed, while a Real Estate Purchase Agreement often serves as a preliminary document outlining intended terms before the final contract
• Timing of Use: Purchase Agreements typically come first during negotiations, with the formal Contract following once terms are agreed upon
• Level of Detail: Contracts contain all final legal requirements and state-specific clauses, while Purchase Agreements focus on basic terms and conditions
• Legal Requirements: Real Estate Contracts must meet strict state-specific legal formatting and content requirements; Purchase Agreements have more flexibility in their structure