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Lot Sale Contract
"I need a Lot Sale Contract for the sale of an industrial land parcel in Queensland, with specific environmental considerations and development approval conditions, to be settled by March 2025."
1. Parties: Identifies and provides full details of the Vendor and Purchaser
2. Background: Establishes the context of the sale, including brief property description and intent of parties
3. Definitions: Defines key terms used throughout the contract for clarity and legal certainty
4. Property Details: Comprehensive description of the lot including title details, measurements, and encumbrances
5. Purchase Price: Specifies the agreed purchase price and payment terms including deposit requirements
6. Settlement: Details of settlement date, time, location and requirements
7. Title and Transfer: Provisions regarding transfer of title and associated requirements
8. Vendor's Warranties: Warranties provided by the vendor regarding the property's condition and title
9. Purchaser's Warranties: Warranties and acknowledgments provided by the purchaser
10. Default: Consequences and remedies in case of default by either party
11. GST: GST treatment of the sale and associated obligations
12. Notices: Requirements for giving notices under the contract
13. General Provisions: Standard contract provisions including governing law, entire agreement, and severability
1. Development Conditions: Used when the lot is part of a development or subject to development approval conditions
2. Building Covenants: Included when there are specific building requirements or restrictions on the lot
3. Foreign Investment: Required when the purchaser is a foreign person requiring FIRB approval
4. Finance Condition: Optional clause allowing the purchase to be subject to finance approval
5. Due Diligence: Included when the purchaser requires a due diligence period
6. Sunset Clause: Used for off-the-plan sales to set maximum timeframe for completion
7. Community Title Schemes: Required when the lot is part of a community title scheme
8. Environmental Matters: Included when there are specific environmental considerations or contamination issues
1. Property Schedule: Detailed description of the property including title reference, area, and encumbrances
2. Special Conditions: Any special conditions specific to this sale
3. Disclosure Statement: Statutory disclosures required under relevant state legislation
4. Plan of Survey: Survey plan showing the lot boundaries and measurements
5. Form of Transfer: The prescribed form of transfer document
6. Development Approval: Copies of relevant development approvals if applicable
7. Building Covenants: Detailed building and design guidelines if applicable
8. Site Investigation Reports: Any relevant environmental, geotechnical, or other site reports
Authors
Real Estate
Property Development
Construction
Banking and Finance
Legal Services
Urban Planning
Agriculture
Mining
Retail
Legal
Real Estate
Property Development
Sales
Compliance
Operations
Risk Management
Customer Service
Finance
Property Lawyer
Conveyancer
Real Estate Agent
Property Developer
Development Manager
Legal Counsel
Contract Administrator
Property Manager
Sales Manager
Compliance Officer
Settlement Officer
Land Surveyor
Town Planner
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