Contract for sale of land

A contract containing legal requirements for the sale and purchase of land.

Each Australian state and territory has at least one standard form contract for sale of land prepared or approved by any one or more of the local law society, real estate institute or government.

In some states and territories, the vendor of land must provide the purchaser with disclosures in relation to the land as part of the contract for sale of land.

Some contracts for sale of land are also subject to cooling-off rights in favour of the purchaser. See Practice note, Cooling-off rights in conveyancing transactions.