Off The Plan Property Sales Agreement

Off the Plan Property Sales occurs when a property developer sells apartments in a multi-storey building that has not yet been built yet.  Sometimes the term ‘off the plan’ refers to subdivisions of vacant land. The same principles apply to both.Whether strata plan or subdivision of vacant land, the Contract for Sale is based on the standard Contract for Sale of Land 2005 edition published under copyright by the Law Society of NSW and The Real Estate Institute of New South Wales, substantially altered with complex special conditions. The special conditions modify the Contract to make it an ‘off the plan’ contract.