CONTRACT ADMINISTRATION
Contract of
Sale
Cover Page
Instructions
Particulars of
Sale
Vendor's Agent
Please record the Apartment number on the cover page for easy reference
Please carefully complete all details of the Vendor's Agent
Purchaser's Legal Practitioner
Please obtain the Purchaser's solicitors details. Please encourage the Purchaser to appoint a solicitor as
soon as possible to assist them in this transaction.
Individual Purchaser
Please carefully record the Purchaser's details. Please note the following.
1)
You must record the Purchaser's full name, including all middle names (initials for given names
are not sufficient).
2)
You must record the Purchaser's proper name (for example Bill is not satisfactory if the
Purchaser's legal name is William).
3)
Please complete the Purchaser's details by recording a residential or business address,
telephone number, fax, and email. A contact name and reference should also be recorded if the
Purchaser is a company.
4)
If there is more than one purchaser, you must enquire as to whether or not they intend to
purchase the property as 'tenants in common' or 'joint tenants'. If joint tenants is selected you
should list the Purchasers and specify what percentage of the property each Purchaser will hold
after settlement.
Company Purchaser
The Purchaser must be a legal entity capable of entering into a Contract of Sale. This is either an
individual or a company.
A trust or super fund is not a legal entity.
Company Details
The company's ABN/ACN and registered address must be noted after the company name in the
Particulars of Sale.
Guarantee and Indemnity
If the purchaser is a corporation, all of the directors of the corporation must complete and execute the
Guarantee and Indemnity contained in Schedule 1 of the Contract. The signed Guarantee/s must be
returned to us together with the Contract.
Trustee of Trust/ Superfund
If a Purchaser wishes to purchase the property using a trust or superfund, the Purchaser in the Contract
must be recorded as:
a)
Corporate trustee: ABC Pty Ltd as trustee for the EFG Family trust; or
b)
and individual trustee: John Smith as trustee for the Smith Superannuation Fund
Please complete the Purchaser's details by recording a residential or business address, telephone
number, fax, and email. A contact name and reference should also be recorded if the Purchaser is a
company.
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CONTRACT ADMINISTRATION
Contract
of Sale
Particulars
of Sale Continued
Instructions
Land
Insert the lot number (by reference to the Plan of Subdivision) for the Apartment, Car Lot (if any), and
Storage Lot (if any).
Contract Price
Please complete this section, carefully adding the totals to reach the Price, Deposit (must be 10% of
the Price) and the Balance.
Please also record the holding deposit paid upon execution and the agreed date for the balance of the
deposit to be paid (being no later than 14 days from the date of execution).
Please indicate whether the Purchaser wishes to select the Light finishes Scheme or Dark finishes
scheme for the colour scheme in the Apartment.
Vendor's
Statement
Execution
of the
Contract
Purchaser Sales Information Form
Please indicate whether the Purchaser is a foreign purchaser or not.
Purchaser's passport and permanent resident visa
Please obtain a copy of the Purchaser's valid passport and permanent visa (if applicable).
The Purchaser should sign and date the Vendor's Statement to acknowledge receipt.
The Purchaser/s must execute the Contract of Sale where indicated on page 2 of the document.
The name of the person signing must also be printed below.
If the purchaser is an individual, the signature must be witnessed and signed by the witness where
indicated.
If the Purchaser is a company, the authority of the person signing must also be recorded i.e.
Director/Company Secretary
If the person is signing pursuant to a power of attorney, this must be noted and a copy of the power of
attorney must be obtained to confirm the authority.
Any deposits to be paid directly into the trust account must be identified as " 881: Lot #, Purchaser
Name.”
Details of the trust account are below:
Name:
Hailes Lawyers Pty Limited Law Practice Trust Account
Bank:
Macquarie Bank
BSB:
183-334
Account No:
3020 64670
Bank
Bank Guarantees will be accepted (subject to the Vendor's final approval) from major banks located in
Guarantee Australia
Any bank guarantee provided in lieu of a cash deposit must be made payable to:
Beneficiary Hailes Lawyers Pty Limited Law Practice Trust Account
Termination and must have an expiry date (if any) not earlier than the date (6) months after the registration date.
Variations
Please do not make any variations to the Contract of Sale without our guidance.
If you have any questions or require further information please do not hesitate to contact :
Nicole Khoo T +61 3 8672 6202 E [email protected]
Craig Hailes T +61 3 8672 6200 E [email protected]
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