说明成果cosvs签名

CONTRACTOFSALEOFREALESTATE

Part1oftheformofcontractpublishedbytheLawInstituteofVictoriaLimitedandTheRealEstateInstituteofVictoriaLtd

Propertyaddress:Lot 42PenderStreetTHORNBURYVIC3071

Thevendoragreestosellandthepurchaseragreestobuytheproperty,beingthelandandthegoods,forthepriceandonthetermssetoutinthiscontract.

Thetermsofthiscontractarecontainedinthe–

particularsofsale;and

specialconditions,ifany;and

generalconditionsinthatorderofpriority.

SIGNINGOFTHISCONTRACT

WARNING:THISISALEGALLYBINDINGAGREEMENT.YOUSHOULDREADTHISCONTRACTBEFORESIGNINGIT.

Purchasersshouldensurethat,priortosigningthiscontract,theyhavereceived–

acopyofthesection32statementrequiredtobegivenbyavendorundersection32oftheSaleofLandAct1962inaccordancewithDivision2ofPartIIofthatAct;and

acopyofthefulltermsofthiscontract.

Theauthorityofapersonsigning–

underpowerofattorney;or

asdirectorofacorporation;or

asagentauthorisedinwritingbyoneoftheparties–mustbenotedbeneaththesignature.

Anypersonwhosesignatureissecuredbyanestateagentacknowledgesbeinggivenbytheagentatthetimeofsigningacopyofthetermsofthiscontract.

SIGNEDBYTHEPURCHASER………………………on…/ /20

Printname(s)ofperson(s)signing:……………….Statenatureofauthorityifapplicable(e.g.‘director’,"attorneyunderpowerofattorney")……………….Thisofferwilllapseunlessacceptedwithin[ ]clearbusinessdays(10clearbusinessdaysifnonespecified).

SIGNEDBYTHEVENDOR………….…………………on…/ /20

Printname(s)ofperson(s)signing………………XiaoYiCai...………….

Statenatureofauthorityifapplicable(e.g.‘director’,"attorneyunderpowerofattorney")……Director……………….TheDAYOFSALEisthedatebywhichbothpartieshavesignedthiscontract.

NOTICETOPURCHASERSOFPROPERTYOFF-THE-PLAN

Off-the-plansales(Section9AA(1A)oftheSaleofLandAct1962)

Youmaynegotiatewiththevendorabouttheamountofthedepositmoneyspayableunderthecontractofsale,upto10percentofthepurchaseprice.

Asubstantialperiodoftimemayelapsebetweenthedayonwhichyousign

thecontractofsaleandthedayonwhichyoubecometheregisteredproprietorofthelot.

Thevalueofthelotmaychangebetweenthedayonwhichyousignthecontractofsaleofthatlotandthedayonwhichyoubecometheregisteredproprietor.

PARTICULARSOFSALE

VENDOR’SAGENT Ref:

Ph:

Fax:

Email:

VENDOR 42PenderPty.Ltd.

of10PoplarStreetBoxHillVIC3128,

VENDOR’SREPRESENTATIVE

PURCHASER

D.Y.&Co.Lawyers

ofPOBox6123,Doncaster3108

Ref:15/246442PenderPh:0386858568

Fax:0398988835

Email:

info@

PURCHASER’SREPRESENTATIVE

Address:PH:

REF:

PH:

FAX:

EMAIL:

LAND Lot

onproposedPlanofSubdivision741320XbeingpartofthelandmoreparticularlydescribedinCertificateofTitleVolume09645Folio521.

PROPERTYADDRESS thelandtogetherwithanyimprovementsknownas

Lot

42PenderStreetTHORNBURYVIC3071

CHATTLES Allfixtures,fittingsandchattelsdescribedinScheduleB.

PAYMENT Price $

Deposit $ 10%ofthePurchasePriceuponsigninghereof

By / /20(suchdaymustbewithin60daysofthedayofsale)

(ofwhich$ hasbeenpaid)

Balance $ PayableatSettlement.

GST(referGC13) ThepriceincludesGST(ifany)unlessthewords

'plusGST'appearinthisbox

Ifthisisasaleofa'farmingbusiness'or'goingconcern'thenaddthewords'farmingbusiness'or

'goingconcern'inthisbox

Marginscheme

IfthemarginschemewillbeusedtocalculateGSTthenaddthewords'marginscheme'inthisbox

SETTLEMENTDATE Onthedaywhichisthelaterof:

14daysafterwrittennotificationbytheVendor’slegalrepresentativetothePurchaserofregistrationofthePlan;and

14daysafterwrittennotificationbytheVendor’slegalrepresentativetothePurchaseroftheissueofOccupancyPermitfortheProperty,

OnwhichdatethePurchaseisentitledtovacantpossessionoftheproperty.

SPECIALCONDITIONS Thiscontractincludespecialconditions

DayofSale isthedateofthisContract,namely

GENERALCONDITIONS("GC")

Part2beingForm2prescribedbytheEstateAgents(Contracts)Regulations2008

TITLE

Encumbrances

Thepurchaserbuysthepropertysubjectto:

anyencumbranceshowninthesection32statementotherthanmortgagesorcaveats;and

anyreservationsinthecrowngrant;and

anyleasereferredtointheparticularsofsale.

Thepurchaserindemnifiesthevendoragainstallobligationsunderanyleasethataretobeperformedbythelandlordaftersettlement.

Inthisgeneralcondition‘section32statement’meansastatementrequiredtobegivenbyavendorundersection32oftheSaleofLandAct1962inaccordancewithDivision2ofPartIIofthatAct.

Vendorwarranties

Thevendorwarrantsthatthesegeneralconditions1to28areidenticaltothegeneralconditions1to28inthestandardformofcontractofsaleofrealestateprescribedbytheEstateAgents(Contracts)Regulations2008forthepurposesofsection53AoftheEstateAgentsAct1980.

Thewarrantiesingeneralconditions2.3and2.4replacethepurchaser’srighttomakerequisitionsandinquiries.

Thevendorwarrantsthatthevendor:

has,orbytheduedateforsettlementwillhave,therighttoselltheland;and

isundernolegaldisability;and

isinpossessionoftheland,eitherpersonallyorthroughatenant;and

hasnotpreviouslysoldorgrantedanyoptiontopurchase,agreedtoleaseorgrantedapre-emptiverightwhichiscurrentoverthelandandwhichgivesanotherpartyrightswhichhavepriorityovertheinterestofthepurchaser;and

willatsettlementbetheholderofanunencumberedestateinfeesimpleintheland;and

willatsettlementbetheunencumberedownerofanyimprovements,fixtures,fittingsandgoodssoldwiththeland.

Thevendorfurtherwarrantsthatthevendorhasnoknowledgeofanyofthefollowing:

publicrightsofwayovertheland;

easementsovertheland;

leaseorotherpossessoryagreementaffectingtheland;

noticeororderaffectingthelandwhichwillnotbedealtwithatsettlement,otherthantheusualratenoticesandanylandtaxnotices;

legalproceedingswhichwouldrenderthesaleofthelandvoidorvoidableorcapableofbeingsetaside.

Thewarrantiesingeneralconditions2.3and2.4aresubjecttoanycontraryprovisionsinthiscontractanddisclosuresinthesection32statementrequiredtobegivenbythevendorundersection32oftheSaleofLandAct1962inaccordancewithDivision2ofPartIIofthatAct.

Ifsections137Band137CoftheBuildingAct1993applytothiscontract,thevendorwarrantsthat:

alldomesticbuildingworkcarriedoutinrelationtotheconstructionbyoronbehalfofthevendorofthehomewascarriedoutinaproperandworkmanlikemanner;and

allmaterialsusedinthatdomesticbuildingworkweregoodandsuitableforthepurposeforwhichtheywereusedandthat,unlessotherwisestatedinthecontract,thosematerialswerenew;and

domesticbuildingworkwascarriedoutinaccordancewithalllawsandlegalrequirements,including,withoutlimitingthegeneralityofthiswarranty,theBuildingAct1993andregulationsmadeundertheBuildingAct1993.

Wordsandphrasesusedingeneralcondition2.6whicharedefinedintheBuildingAct1993havethesamemeaningingeneralcondition2.6.

Identityoftheland

Anomissionormistakeinthedescriptionofthepropertyoranydeficiencyinthearea,descriptionormeasurementsofthelanddoesnotinvalidatethesale.

Thepurchasermaynot:

makeanyobjectionorclaimforcompensationforanyallegedmisdescriptionofthepropertyoranydeficiencyinitsareaormeasurements;or

requirethevendortoamendtitleorpayanycostofamendingtitle.

Services

Thevendordoesnotrepresentthattheservicesareadequateforthepurchaser'sproposeduseofthe

propertyandthevendoradvisesthepurchasertomakeappropriateinquiries.Theconditionoftheservicesmaychangebetweenthedayofsaleandsettlementandthevendordoesnotpromisethattheserviceswillbeinthesameconditionatsettlementastheywereonthedayofsale.

Thepurchaserisresponsiblefortheconnectionofallservicestothepropertyaftersettlementandthepaymentofanyassociatedcost.

Consents

Thevendormustobtainanynecessaryconsentorlicencerequiredforthesale.Thecontractwillbeatanendandallmoneypaidmustberefundedifanynecessaryconsentorlicenceisnotobtainedbysettlement.

Transfer

Thetransferoflanddocumentmustbepreparedbythepurchaseranddeliveredtothevendoratleast10daysbeforesettlement.Thedeliveryofthetransferoflanddocumentisnotacceptanceoftitle.Thevendormustprepareanydocumentrequiredforassessmentofdutyonthistransactionrelatingtomattersthatareorshouldbewithintheknowledgeofthevendorand,ifrequestedbythepurchaser,mustprovideacopyofthatdocumentatleast3daysbeforesettlement.

Releaseofsecurityinterest

Thisgeneralconditionappliesifanypartofthepropertyissubjecttoasecurityinteresttowhichthe

PersonalPropertySecuritiesAct2009(Cth)applies.

ForthepurposesofenablingthepurchasertosearchthePersonalPropertySecuritiesRegisterforanysecurityinterestsaffectinganypersonalpropertyforwhichthepurchasermaybeentitledtoarelease,statement,approvalorcorrectioninaccordancewithgeneralcondition7.4,thepurchasermayrequestthevendortoprovidethevendor’sdateofbirthtothepurchaser.Thevendormustcomplywitharequestmadebythepurchaserunderthisconditionifthepurchasermakestherequestatleast21daysbeforetheduedateforsettlement.

Ifthepurchaserisgiventhedetailsofthevendor’sdateofbirthundercondition7.2,thepurchasermust

onlyusethevendor’sdateofbirthforthepurposesspecifiedincondition7.2;and

keepthedateofbirthofthevendorsecureandconfidential.

Thevendormustensurethatatorbeforesettlement,thepurchaserreceives—

areleasefromthesecuredpartyreleasingthepropertyfromthesecurityinterest;or

astatementinwritinginaccordancewithsection275(1)(b)ofthePersonalPropertySecuritiesAct2009(Cth)settingoutthattheamountorobligationthatissecuredisnilatsettlement;or

awrittenapprovalorcorrectioninaccordancewithsection275(1)(c)ofthePersonalPropertySecuritiesAct2009(Cth)indicatingthat,onsettlement,thepersonalpropertyincludedinthecontractisnotorwillnotbepropertyinwhichthesecurityinterestisgranted.

Subjecttogeneralcondition7.6,thevendorisnotobligedtoensurethatthepurchaserreceivesarelease,statement,approvalorcorrectioninrespectofpersonalproperty—

that—

thepurchaserintendstousepredominantlyforpersonal,domesticorhouseholdpurposes;and

hasamarketvalueofnotmorethan$5000or,ifagreateramounthasbeenprescribedforthepurposesofsection47(1)ofthePersonalPropertySecuritiesAct2009(Cth),notmorethanthatprescribedamount;or

thatissoldintheordinarycourseofthevendor’sbusinessofsellingpersonalpropertyofthatkind.

Thevendorisobligedtoensurethatthepurchaserreceivesarelease,statement,approvalorcorrectioninrespectofpersonalpropertydescribedingeneralcondition7.5if—

thepersonalpropertyisofakindthatmayormustbedescribedbyserialnumberinthePersonalPropertySecuritiesRegister;or

thepurchaserhasactualorconstructiveknowledgethatthesaleconstitutesabreachofthesecurityagreementthatprovidesforthesecurityinterest.

Areleaseforthepurposesofgeneralcondition7.4(a)mustbeinwriting.

Areleaseforthepurposesofgeneralcondition7.4(a)mustbeeffectiveinreleasingthegoodsfromthesecurityinterestandbeinaformwhichallowsthepurchasertotaketitletothegoodsfreeofthatsecurityinterest.

Ifthepurchaserreceivesareleaseundergeneralcondition7.4(a)thepurchasermustprovidethevendorwithacopyofthereleaseatorassoonaspracticableaftersettlement.

Inadditiontoensuringthatareleaseisreceivedundergeneralcondition7.4(a),thevendormustensurethatatorbeforesettlementthepurchaserreceivesawrittenundertakingfromasecuredpartytoregister

afinancingchangestatementtoreflectthatreleaseifthepropertybeingreleasedincludesgoodsofakindthataredescribedbyserialnumberinthePersonalPropertySecuritiesRegister.

ThepurchasermustadvisethevendorofanysecurityinterestthatisregisteredonorbeforethedayofsaleonthePersonalPropertySecuritiesRegister,whichthepurchaserreasonablyrequirestobereleased,atleast21daysbeforetheduedateforsettlement.

Thevendormaydelaysettlementuntil21daysafterthepurchaseradvisesthevendorofthesecurityintereststhatthepurchaserreasonablyrequirestobereleasedifthepurchaserdoesnotprovideanadviceundergeneralcondition7.11.

Ifsettlementisdelayedundergeneralcondition7.12thepurchasermustpaythevendor—

interestfromtheduedateforsettlementuntilthedateonwhichsettlementoccursor21daysafterthevendorreceivestheadvice,whicheveristheearlier;and

anyreasonablecostsincurredbythevendorasaresultofthedelay—asthoughthepurchaserwasindefault.

Thevendorisnotrequiredtoensurethatthepurchaserreceivesareleaseinrespectoftheland.Thisgeneralcondition7.14appliesdespitegeneralcondition7.1.

WordsandphraseswhicharedefinedinthePersonalPropertySecuritiesAct2009(Cth)havethesamemeaningingeneralcondition7unlessthecontextrequiresotherwise.

Builderwarrantyinsurance

Thevendorwarrantsthatthevendorwillprovideatsettlementdetailsofanycurrentbuilderwarrantyinsuranceinthevendor’spossessionrelatingtothepropertyifrequestedinwritingtodosoatleast21daysbeforesettlement.

Generallawland

ThisgeneralconditiononlyappliesifanypartofthelandisnotundertheoperationoftheTransferofLandAct1958.

Thevendoristakentobetheholderofanunencumberedestateinfeesimpleinthelandifthereisanunbrokenchainoftitlestartingatleast30yearsbeforethedayofsaleprovingonthefaceofthedocumentstheownershipoftheentirelegalandequitableestatewithouttheaidofotherevidence.

Thepurchaserisentitledtoinspectthevendor'schainoftitleonrequestatsuchplaceinVictoriaasthevendornominates.

Thepurchaseristakentohaveacceptedthevendor'stitleif:

21dayshaveelapsedsincethedayofsale;and

thepurchaserhasnotreasonablyobjectedtothetitleorreasonablyrequiredthevendortoremedyadefectinthetitle.

Thecontractwillbeatanendif:

thevendorgivesthepurchaseranoticethatthevendorisunableorunwillingtosatisfythepurchaser'sobjectionorrequirementandthatthecontractwillendiftheobjectionorrequirementisnotwithdrawnwithin14daysofthegivingofthenotice;and

theobjectionorrequirementisnotwithdrawninthattime.

Ifthecontractendsinaccordancewithgeneralcondition9.5,thedepositmustbereturnedtothepurchaserandneitherpartyhasaclaimagainsttheotherindamages.

Generalcondition10.1shouldberead,inrespectofthatpartofthelandwhichisnotundertheoperationoftheTransferofLandAct1958,asifthereferenceto‘registeredproprietor’isareferenceto‘owner’.

MONEY

Settlement

Atsettlement:

thepurchasermustpaythebalance;and

thevendormust:

doallthingsnecessarytoenablethepurchasertobecometheregisteredproprietoroftheland;and

giveeithervacantpossessionorreceiptofrentsandprofitsinaccordancewiththeparticularsofsale.

Thevendor’sobligationsunderthisgeneralconditioncontinueaftersettlement.

Settlementmustbeconductedbetweenthehoursof10.00a.m.and4.00p.m.unlessthepartiesagreeotherwise.

Payment

Thepurchasermustpaythedeposit:

tothevendor'slicensedestateagent;or

ifthereisnoestateagent,tothevendor'slegalpractitionerorconveyancer;or

ifthevendordirects,intoaspecialpurposeaccountinanauthoriseddeposit-takinginstitutioninVictoriaspecifiedbythevendorinthejointnamesofthepurchaserandthevendor.

Ifthelandsoldisalotonanunregisteredplanofsubdivision,thedeposit:

mustnotexceed10%oftheprice;and

mustbepaidtothevendor'sestateagent,legalpractitionerorconveyancerandheldbytheestateagent,legalpractitionerorconveyancerontrustforthepurchaseruntiltheregistrationoftheplanofsubdivision;

Thepurchasermustpayallmoneyotherthanthedeposit:

tothevendor,orthevendor'slegalpractitionerorconveyancer;or

inaccordancewithawrittendirectionofthevendororthevendor’slegalpractitionerorconveyancer.

Atsettlement,paymentsmaybemadeortendered:

incash;or

bychequedrawnonanauthoriseddeposit-takinginstitution;or

ifthepartiesagree,byelectronicallytransferringthepaymentintheformofclearedfunds.

Forthepurposeofthisgeneralcondition‘authoriseddeposit-takinginstitution’meansabodycorporateinrelationtowhichanauthorityundersection9(3)oftheBankingAct1959(Cth)isinforce.

Atsettlement,thepurchasermustpaythefeesonuptothreechequesdrawnonauthoriseddeposit-takinginstitution.Ifthevendorrequeststhatanyadditionalchequesbedrawnonanauthoriseddeposittakinginstitution,thevendormustreimbursethepurchaserforthefeesincurred.

Stakeholding

Thedepositmustbereleasedtothevendorif:

thevendorprovidesparticulars,tothesatisfactionofthepurchaser,thateither-

therearenodebtssecuredagainsttheproperty;or

ifthereareanydebts,thetotalamountofthosedebtsdoesnotexceed80%ofthesaleprice;and

atleast28dayshaveelapsedsincetheparticularsweregiventothepurchaserunderparagraph(a);and

allconditionsofsection27oftheSaleofLandAct1962havebeensatisfied.

Thestakeholdermustpaythedepositandanyinteresttothepartyentitledwhenthedepositisreleased,thecontractissettled,orthecontractisended.

Thestakeholdermaypaythedepositandanyinterestintocourtifitisreasonabletodoso.

GST

ThepurchaserdoesnothavetopaythevendoranyGSTpayablebythevendorinrespectofataxablesupplymadeunderthiscontractinadditiontothepriceunlesstheparticularsofsalespecifythatthepriceis‘plusGST’.HoweverthepurchasermustpaytothevendoranyGSTpayablebythevendor:

solelyasaresultofanyactiontakenorintendedtobetakenbythepurchaserafterthedayofsale,includingachangeofuse;or

iftheparticularsofsalespecifythatthesupplymadeunderthiscontractisoflandonwhichafarmingbusinessiscarriedonandthesupply(orpartofit)doesnotsatisfytherequirementsofsection38-480oftheGSTAct;or

iftheparticularsofsalespecifythatthesupplymadeunderthiscontractisofagoingconcernandthesupply(orapartofit)doesnotsatisfytherequirementsofsection38-325oftheGSTAct.

ThepurchasermustpaytothevendoranyGSTpayablebythevendorinrespectofataxablesupplymadeunderthiscontractinadditiontothepriceiftheparticularsofsalespecifythatthepriceis‘plusGST’.

IfthepurchaserisliabletopayGST,thepurchaserisnotrequiredtomakepaymentuntilprovidedwithataxinvoice,unlessthemarginschemeapplies.

Iftheparticularsofsalespecifythatthesupplymadeunderthiscontractisoflandonwhicha‘farmingbusiness’iscarriedon:

thevendorwarrantsthatthepropertyislandonwhichafarmingbusinesshasbeencarriedonfortheperiodof5yearsprecedingthedateofsupply;and

thepurchaserwarrantsthatthepurchaserintendsthatafarmingbusinesswillbecarriedonaftersettlementontheproperty.

Iftheparticularsofsalespecifythatthesupplymadeunderthiscontractisa‘goingconcern’:

thepartiesagreethatthiscontractisforthesupplyofagoingconcern;and

thepurchaserwarrantsthatthepurchaseris,orpriortosettlementwillbe,registeredforGST;and

thevendorwarrantsthatthevendorwillcarryonthegoingconcernuntilthedateofsupply.

Iftheparticularsofsalespecifythatthesupplymadeunderthiscontractisa‘marginscheme’supply,thepartiesagreethatthemarginschemeappliestothiscontract.

Thisgeneralconditionwillnotmergeoneithersettlementorregistration.

Inthisgeneralcondition:

‘GSTAct’meansANewTaxSystem(GoodsandServicesTax)Act1999(Cth);and

‘GST’includespenaltiesandinterest.

Loan

Iftheparticularsofsalespecifythatthiscontractissubjecttoaloanbeingapproved,thiscontractissubjecttothelenderapprovingtheloanonthesecurityofthepropertybytheapprovaldateoranylaterdateallowedbythevendor.

Thepurchasermayendthecontractiftheloanisnotapprovedbytheapprovaldate,butonlyifthepurchaser:

immediatelyappliedfortheloan;and

dideverythingreasonablyrequiredtoobtainapprovaloftheloan;and

serveswrittennoticeendingthecontractonthevendorwithin2clearbusinessdaysaftertheapprovaldateoranylaterdateallowedbythevendor;and

isnotindefaultunderanyotherconditionofthiscontractwhenthenoticeisgiven.

Allmoneymustbeimmediatelyrefundedtothepurchaserifthecontractisended.

Adjustments

Allperiodicoutgoingspayablebythevendor,andanyrentandotherincomereceivedinrespectofthepropertymustbeapportionedbetweenthepartiesonthesettlementdateandanyadjustmentspaidandreceivedasappropriate.

Theperiodicoutgoingsandrentandotherincomemustbeapportionedonthefollowingbasis:

thevendorisliablefortheperiodicoutgoingsandentitledtotherentandotherincomeuptoandincludingthedayofsettlement;and

thelandistreatedastheonlylandofwhichthevendorisowner(asdefinedintheLandTaxAct2005);and

thevendoristakentoownthelandasaresidentAustralianbeneficialowner;and

anypersonalstatutorybenefitavailabletoeachpartyisdisregardedincalculatingapportionment.

TRANSACTIONAL

Time

Timeisoftheessenceofthiscontract.

TimeisextendeduntilthenextbusinessdayifthetimeforperforminganyactionfallsonaSaturday,Sundayorbankholiday.

Service

Anydocumentsentby–

postistakentohavebeenservedonthenextbusinessdayafterposting,unlessprovedotherwise;

emailistakentohavebeenservedatthetimeofreceiptwithinthemeaningofsection13Aofthe

ElectronicTransactions(Victoria)Act2000.

Anydemand,notice,ordocumentrequiredtobeservedbyoronanypartymaybeservedbyoronthelegalpractitionerorconveyancerforthatparty.Itissufficientlyservedifservedonthepartyoronthelegalpractitionerorconveyancer:

personally;or

bypre-paidpost;or

inanymannerauthorisedbylawortheSupremeCourtforserviceofdocuments,includinganymannerauthorisedforserviceonorbyalegalpractitioner;or

byemail.

Thisgeneralconditionappliestotheserviceofanydemand,noticeordocumentbyoronanyparty,whethertheexpression‘give’or‘serve’oranyotherexpressionisused.

Nominee

Thepurchasermaynominateasubstituteoradditionaltransferee,butthenamedpurchaserremainspersonallyliableforthedueperformanceofallthepurchaser'sobligationsunderthiscontract.

Liabilityofsignatory

Anysignatoryforaproprietarylimitedcompanypurchaserispersonallyliableforthedueperformanceofthepurchaser'sobligationsasifthesignatorywerethepurchaserinthecaseofadefaultbyaproprietarylimitedcompanypurchaser.

Guarantee

Thevendormayrequireoneormoredirectorsofthepurchasertoguaranteethepurchaser’sperformanceofthiscontractifthepurchaserisaproprietarylimitedcompany.

Notices

Thepurchaserisresponsibleforanynotice,order,demandorlevyimposingliabilityonthepropertythatisissuedormadeonorafterthedayofsalethatdoesnotrelatetoperiodicoutgoings.Thepurchasermayenterthepropertytocomplywiththatresponsibilitywhereactionisrequiredbeforesettlement.

Inspection

Thepurchaserand/oranotherpersonauthorisedbythepurchasermayinspectthepropertyatanyreasonabletimeduringthe7daysprecedingandincludingthesettlementday.

Termscontract

Ifthisisa‘termscontract’asdefinedintheSaleofLandAct1962:

anymortgageaffectingthelandsoldmustbedischargedastothatlandbeforethepurchaserbecomesentitledtopossessionortothereceiptofrentsandprofitsunlessthevendorsatisfiessection29MoftheSaleofLandAct1962;and

thedepositandallothermoneypayableunderthecontract(otherthananymoneypayableinexcessoftheamountrequiredtosodischargethemortgage)mustbepaidtoalegalpractitionerorconveyanceroralicensedestateagenttobeappliedinortowardsdischargingthemortgage.

Whileanymoneyremainsowingeachofthefollowingapplies:

thepurchasermustmaintainfulldamageanddestructioninsuranceofthepropertyandpublicriskinsurancenotingallpartieshavinganinsurableinterestwithaninsurerapprovedinwritingbythevendor;

thepurchasermustdelivercopiesofthesignedinsuranceapplicationforms,thepoliciesandtheinsurancereceiptstothevendornotlessthan10daysbeforetakingpossessionofthepropertyorbecomingentitledtoreceiptoftherentsandprofits;

thepurchasermustdelivercopiesofanyamendmentstothepoliciesandtheinsurancereceiptsoneachamendmentorrenewalasevidenceofthestatusofthepoliciesfromtimetotime;

thevendormaypayanyrenewalpremiumsortakeouttheinsuranceifthepurchaserfailstomeettheseobligations;

insurancecostspaidbythevendorunderparagraph(d)mustberefundedbythepurchaserondemandwithoutaffectingthevendor’sotherrightsunderthiscontract;

thepurchasermustmaintainandoperatethepropertyingoodrepair(fairwearandtearexcepted)andkeepthepropertysafe,lawful,structurallysound,weatherproofandfreefromcontaminationsanddangeroussubstances;

thepropertymustnotbealteredinanywaywithoutthewrittenconsentofthevendorwhichmustnotbeunreasonablyrefusedordelayed;

thepurchasermustobserveallobligationsthataffectownersoroccupiersofland;

thevendorand/orotherpersonauthorisedbythevendormayenterthepropertyatany