All Topics / Legal & Accounting / OFF THE PLAN CONTRACTS

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  • Profile photo of JETTJETT
    Member
    @jett
    Join Date: 2005
    Post Count: 31

    Hi

    Are there any standard/generic contracts available for the sale of a duplex before completion? Or does the contract have tobe drawn up by a solicitor.

    Thanks

    Profile photo of Mama2MiaMama2Mia
    Participant
    @mama2mia
    Join Date: 2003
    Post Count: 115

    Hey Jett,

    Don't quote me on this, this is only my understanding but you can use a standard real estate sales contract (if you're going through a real estate agent) however, cooling off won't initiate until the form 1s are complete or in other words, unless you have your title reference details to complete form 1s, the buyer is bound to anything……..Alternatively, if the buyer is happy to waiver their cooling off rights, you can sign the contract as such. 

    If you're selling privately, you can get your conveyancer to write up a private sales contract. 

    Hope this helps??

    Kim 

    Profile photo of Mama2MiaMama2Mia
    Participant
    @mama2mia
    Join Date: 2003
    Post Count: 115

    forgot to mention…can't settle until titles have been issued

Viewing 3 posts - 1 through 3 (of 3 total)

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