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1. Parties: Identifies and provides full details of the vendor(s) and purchaser(s)
2. Background: Outlines the context of the sale and purchase transaction
3. Definitions and Interpretation: Defines key terms used throughout the agreement and establishes interpretation rules
4. Property Details: Comprehensive description of the property including legal description, title details, and included chattels
5. Purchase Price: States the agreed purchase price and payment structure including deposit requirements
6. Settlement and Possession: Specifies settlement date, possession arrangements, and key timeframes
7. Title and Land Transfer: Details regarding title transfer process and requirements
8. Conditions: Standard conditions including finance, building inspection, and LIM report requirements
9. Vendor's Warranties: Standard warranties provided by the vendor regarding the property
10. Purchaser's Warranties: Standard warranties provided by the purchaser regarding their ability to complete the purchase
11. Risk and Insurance: Allocation of risk and insurance requirements until settlement
12. Default: Consequences and remedies in case of default by either party
13. General Provisions: Standard contractual provisions including notices, amendments, and governing law
1. Tenancy Provisions: Required when the property is sold with existing tenants or tenancy agreements
2. GST Provisions: Required when either party is GST registered or the transaction includes GST
3. Building Warranty: For new builds or recently completed construction
4. Body Corporate: Required for apartments or units under body corporate management
5. Overseas Investment Provisions: Required when purchaser is an overseas person under the Overseas Investment Act
6. Development Provisions: Required for properties under development or off-the-plan purchases
7. Subdivision Provisions: Required when the property is part of an ongoing subdivision
8. Methamphetamine Testing: Optional section for properties with potential contamination concerns
1. Schedule 1: Property Details: Detailed description of land, improvements, and legal identification
2. Schedule 2: Included Chattels: Itemized list of chattels included in the sale
3. Schedule 3: Excluded Chattels: Itemized list of chattels explicitly excluded from the sale
4. Schedule 4: Conditions Precedent: Detailed description of all conditions that must be satisfied
5. Schedule 5: Warranties: Comprehensive list of vendor warranties
6. Appendix A: Title Documents: Copy of title and relevant registered documents
7. Appendix B: LIM Report: Land Information Memorandum report when available
8. Appendix C: Building Report: Building inspection report when obtained
9. Appendix D: Property Plans: Floor plans, site plans, and other relevant property plans
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