Document background
The Pre-Sale Agreement Property is a crucial document in Australian property transactions, particularly in the development and off-the-plan property sector. It serves as the primary contractual instrument between developers/vendors and purchasers, establishing legally binding commitments before property completion. This agreement is essential when selling properties that are yet to be built or are under construction, providing detailed specifications, timelines, and protective measures for all parties involved. Governed by Australian federal and state-specific property laws, it includes mandatory consumer protection provisions, cooling-off periods, and statutory warranties. The document typically incorporates construction specifications, payment schedules, completion requirements, and various conditions precedent, making it particularly relevant for new developments, apartment complexes, and other off-the-plan property sales.
