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The Residential Resale Condominium Property Purchase Contract is a legally binding agreement designed for use in Australian property transactions involving the resale of existing strata-titled residential properties. This document is essential when transferring ownership of a condominium unit from a current owner to a new purchaser, ensuring compliance with state-specific property laws and strata legislation. It includes crucial elements such as property identification, purchase price, settlement terms, strata-specific provisions, and necessary disclosures required under Australian law. The contract is structured to protect both parties' interests while facilitating a smooth property transfer process, incorporating specific requirements for strata title ownership and management. It is commonly used by real estate professionals, legal practitioners, and property developers throughout Australia for residential condominium resale transactions.
