The contract of sale will include things like;
Title documents
Sewerage and drainage diagram
Property inclusions and exclusions
Statement of the buyer’s rights under the cooling off period
Information on restrictions placed upon the property
Section 10.7 certificates (section 149 certificates) issued by the local council
Relevant strata information (if a strata scheme property)
It also sets out the terms and conditions of the sale and clearly states any fittings you are selling with the property.
If the property has a swimming pool or spa pool, one of the following must also be attached to the contract;
A copy of a valid certificate of compliance or;
Relevant occupation certificate and evidence that the pool has been registered or;
A valid certificate of non-compliance
This requirement does not apply;
To a lot in strata or community schemes that have more than two lots, or
For any off-the-plan contract
It’s also worth noting that all contracts of sale vary depending on the complexity, type of property offered, local councils and the property details.
Your solicitor or conveyancer should be able to advise you on how long the contract of sale will take to prepare and what else they’ll need from you to complete it.
Tip – Anything that you don’t want included in the contract of sale, remove from the property before beginning the selling campaign to avoid any potential confusion or issues down the track from potential buyers. For example, you don’t want buyers expecting something to be included in the contract of sale when in fact, it never was.
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This information is of a general nature only and does not take into account your objectives, financial situation or needs. We are not financial, legal or tax advisers. You should seek appropriate professional advice specific to you before acting on this information.
