Terms Contract General Condition 30

(a) This Agreement is subject to the conclusion of the sale of the Buyer`s property in xxxx no later than the closing date. The Buyer undertakes to do all things reasonably necessary to ensure that the conclusion of such sale takes place at the agreed time, and in the event that the sale is not completed at the agreed time through no fault of the Buyer, the contract is terminated and all funds paid as a deposit will be refunded without deduction. (b) Buyer warrants that it has entered into a contract for the sale of its property and will provide Seller with a copy of this Agreement upon request. (c) The parties agree that this clause will be inserted in favour of the Buyer and that the Buyer may waive the provisions of the sub-clause (a) at any time on or before the date determined by written notice to the Seller. NOTE: The sale of products or services is expressly linked to the Buyer`s acceptance of these Terms and Conditions. Any acceptance of the Seller`s offer is expressly limited to the acceptance of these General Terms and Conditions and the Seller expressly opposes any additional or divergent conditions proposed by the Buyer. No buyer form may modify these terms and conditions, and no performance, course of business or business practice shall be deemed a change or waiver of these terms and conditions. Any order to purchase products or receive services constitutes the Buyer`s acceptance of these General Terms and Conditions. Unless otherwise stated in the Offer, seller`s Offer will expire thirty (30) days from its date and may be modified or withdrawn by Seller prior to receipt of buyer`s corresponding acceptance. The agreement must specify whether the buyer or seller pays each of the overhead costs associated with the purchase of the home, e.B.

escrow fees, title search fees, title insurance, notary fees, registration fees, transfer taxes, etc. Your real estate agent can advise you on who usually pays each of these fees in your area – the buyer or seller. Even though these forms are common and standardized, and a good real estate agent won`t let you leave anything important out of your contract, it`s still a good idea to learn about the key elements of a real estate purchase agreement. The Standard Land Sale Contract Form, prepared by the Law Institute of Victoria and adopted by the Real Estate Institute of Victoria, is now the most commonly used form of contract for the sale and purchase of real estate in the State of Victoria. The 35 terms and conditions that make up the main part of the land purchase agreement can be quite overwhelming and confusing for the average seller or buyer. The purpose of this page of the Lawyers Conveyancing website is to provide a guide to laymen on the terms and conditions and reasons for their creation and creation. (a) The Buyer undertakes to allow the Seller to remain in possession of the Property at a rent of xxxx ($xxxx) per week, payable weekly in advance, from the date of completion until xxxx. (b) The parties agree that the terms of the lease are those contained in the standard R.E.I.Q rental agreement, a copy of which is attached, and the parties agree to enter into the said lease prior to conclusion. .