Deprecated: Return type of Ai1wm_Recursive_Directory_Iterator::hasChildren($allow_links = true) should either be compatible with RecursiveDirectoryIterator::hasChildren(bool $allowLinks = false): bool, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice in /home/elbabala/public_html/wp-content/plugins/all-in-one-wp-migration/lib/vendor/servmask/iterator/class-ai1wm-recursive-directory-iterator.php on line 59

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Contracts for the sale of land - El Baba Lawyers

Contracts for the sale of land

Definition

A Contract for Sale is one of the central documents in the home sale process. It outlines the terms and conditions between the seller and purchaser. 

Before you or any agent markets your property, a ‘Contract for Sale’ must be made available to prospective buyers. Not having one is an offence under NSW law and can result in heavy fines.

The contract outlines the terms that bind the purchaser and seller as agreed-upon terms. In NSW, the contract for sale must be drafted and ready before a party markets their property.

Essential Characteristics

A Contract for Sale must state the following: