Essential Special Conditions for Sale of Land 2021

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At a Glance

Special Conditions – Contract for Sale of Land (Edition Bundle)

This bundle includes the 2021 edition of the special conditions annexure to the standard Law Society of New South Wales / Real Estate Institute of New South Wales Contract for Sale of Land, plus all prior editions (2005, 2014, 2017, 2018, 2019). It provides comprehensive updates and variations that supplement the standard terms of the printed contract form.  

These special conditions are intended to be attached behind the standard contract form and address key commercial, tax and legal issues not covered in the base form.

What This Bundle Includes

• 2021 edition of the special conditions annexure
• Earlier editions (2005, 2014, 2017, 2018, 2019) for reference and transitional matters   

Why Use This Bundle?

• Get the most up-to-date 2021 edition of the relevant special conditions for land sales in NSW
• Access earlier editions for comparative drafting, legacy deals or contract transitions
• Save time with professionally drafted conditions covering GST, IP, key-persons and completion risk
• Mitigate risk and enhance clarity for vendors and purchasers alike

Suitable For

This bundle is ideal for:
• Conveyancers and solicitors preparing land sale contracts using the standard Law Society / REINSW form in NSW
• Vendors or purchasers of land who want tailored annexures to address tax, IP and personnel issues
• Agents or brokers advising clients in land transactions where legacy contracts or multiple editions may apply

INCLUDES

Special Conditions for Contract for the sale and purchase of land New South Wales

Sale of Land in New South Wales is done with the Contract for Sale of Land created by The Law Society of New South Wales and The Real Estate Institute of New South Wales (‘the Contract’). Over recent years, the Contract has had several new editions. The Contract is now called the ‘Contract for the sale and purchase of land’ since 2014 onwards. The successive editions are listed below:

  • Contract for the sale of land 2005 edition
  • Contract for the sale and purchase of land 2014 edition
  • Contract for the sale and purchase of land 2016 edition
  • Contract for the sale and purchase of land 2017 edition
  • Contract for the sale and purchase of land 2019 edition

For each edition, practitioners have been formulating their own Special Conditions. For whatever reason, each edition of standard terms produced by the Law Society of New South Wales and The Real Estate Institute of New South Wales spawns its own unofficial which filter through the profession, attached to clients’ contracts.

The Special Conditions to the Contract for the sale and purchase of land complement the Standard Terms of the Contract for the sale and purchase of land by:

  • Deleting and amending the Standard Terms
  • Including new terms which are not included in the Standard Terms

 

The Special Conditions to the Contract for the sale and purchase of land are designed to be added to the Contract for the sale and purchase of land right after the Special Conditions and before any annexures. For this reason, the numbering of the Special Conditions begins at 13 or 18 (depending on which edition you use) to follow on from the page numbering in the Standard Terms.

Most new property sales use the Contract for the sale and purchase of land 2017 edition. There are still earlier editions in use, so this precedent set includes all four versions still found in circulation. Note that that Special Conditions are not intended to be used on their own. You still need to purchase the Contract for the sale and purchase of land from the Law Society of New South Wales. There is an online shop on the website of the Law Society of New South Wales from which you can purchase a one-use-only copy of the Contract for the sale and purchase of land. Select the appropriate set of special conditions, add your annexures and you have your Contract!

 

 

 

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