Real Estate REIQ Lot

REAL ESTATE REIQ LOT

This Contract for Sale and Purchase of a lot (the Contract) is made between Vendor: and Purchaser: (together the Parties). The Parties acknowledge that this Contract, together with any Special Conditions set out below, constitutes the entire agreement between the Parties in relation to the property described below.

1. Property Identification

2. Parties and Contact Details

3. Financial Terms

Purchase Price: $ . Deposit payable on exchange: $ payable within days of contract exchange.

Deposit trust instructions / receiving agent:

Settlement Date: . Possession Date:

Balance to be paid on settlement by cleared funds or bank guarantee acceptable to the Vendor: Yes No

Deposit will accrue statutory interest where required by applicable law: Yes No

4. Conditions and Contingencies

This Contract is: Subject to finance approval: Yes No . If Yes, Purchaser must obtain written loan approval within days of exchange.

Subject to building and pest inspection: Yes No . If Yes, Purchaser shall have days to complete inspections and deliver notice of defects to Vendor.

5. Included Chattels and Fixtures

The sale includes the fixtures and fittings that are attached to the lot at settlement and the following chattels (if any):

6. Disclosures

Asbestos present: Yes No

Evidence of mould or water damage: Yes No

Prior material structural damage or insurance claims: Yes No

7. Default and Remedies

If the Purchaser fails to complete settlement in accordance with this Contract, the Vendor may, at the Vendor's option, serve notice requiring completion within a reasonable period. If the Purchaser does not comply, the Vendor may terminate the Contract and retain the deposit as agreed damages, or seek specific performance or damages. The Parties agree that the Vendor's retention of the deposit is a genuine pre-estimate of loss and not a penalty where applicable law permits.

If the Vendor fails to complete settlement, the Purchaser may elect to seek specific performance, damages, or return of the deposit. The Vendor warrants that the Vendor has authority to sell the property and will provide good marketable title at settlement free from undisclosed encumbrances.

8. Adjustments, Rates and GST

Council rates, water rates, strata levies (if applicable) and other outgoings will be adjusted between the Parties as at the Settlement Date. Unless otherwise stated, the Purchase Price: Includes GST Excludes GST

9. Insurance and Risk

From and including the Settlement Date, risk in the property passes to the Purchaser. The Vendor must maintain insurance until settlement. In the event of substantial damage prior to settlement, the Purchaser may either complete the purchase and receive the insurance proceeds, or terminate the Contract where repair is not reasonably practicable.

10. Governing Law and Miscellaneous

This Contract is governed by the laws of the jurisdiction in which the property is located. The Parties submit to the non-exclusive jurisdiction of the courts of that jurisdiction.

Entire Agreement: This Contract (including any Special Conditions and annexures) constitutes the entire agreement between the Parties and supersedes all prior negotiations, representations and agreements, whether oral or written.

11. Acknowledgements and Certifications

Each Party warrants that the information provided in this Contract is true and accurate and that each Party has the legal capacity and authority to enter into this Contract. The Purchaser acknowledges that the Purchaser has had the opportunity to obtain independent legal and financial advice prior to exchange.

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