Contract for Deed (Australia)

16 Reviews

This Contract for Deed is for use by a property seller who will finance a purchase and retain title in the property until all payment provisions are met. This type of contract is useful in situations where a buyer cannot obtain traditional financing. This Contract for Deed is for use in Australia.

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This Contract for Deed is also known as a Land Contract, Agreement for Deed, Contract Sale or Real Estate Instalment Agreement. This document allows the seller to retain title to the property until the buyer has made all payments under the agreement. Essentially, the seller finances the purchase and holds the title or deed to the property as security. The buyer making instalment payments is entitled to possession and equitable title to the property while the seller holds legal title and is liable for any payments on any mortgages. A Contract for Deed is helpful in situations where a buyer cannot obtain traditional financing. In general the closing costs for this type of transaction are lower than those involving banks or mortgage companies. It is imperative that a Contract for Deed be set out in writing and that both parties understand the terms of the contract.

This Contract for Deed for use in Australia contains the following provisions:
  • Parties: Identifies the seller and buyer who are involved in the transaction;
  • Property: Sets out the location and legal description of the property;
  • Included Property: Identifies what is included with the property (i.e., buildings, right-of-way, fixtures, appliances, etc.);
  • Excluded Property: Identifies items which are specifically excluded in the sale;
  • Price and Payment: Sets forth the price for the property and when and how payments will be made;
  • Security: Explains that the contract will act as security for the performance and payments by the buyer;
  • AS-IS Condition of Property: Buyer will accept the property AS-IS without warranties of any type;
  • Deed and Evidence of Title: Seller will deliver a general warranty deed after buyer fulfils his or her obligations;
  • Risk of Loss and Insurance: The buyer agrees to keep the property insured against loss by negligence, fire or other casualty;
  • Prepayment: The buyer may prepay the entire balance without prepayment penalties;
  • Possession of Property: Buyer shall have possession of the property as long as all contract terms are complied with;
  • Default by Either Party: Consequences of default by either the buyer or seller;
  • Reinstatement after Acceleration: Buyer may reinstate this Contract in the event of default and acceleration according to law;
  • Assignment or Sale by Buyer: Buyer will not assign his interest in the property without consent of the seller.

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This lawyer-prepared package includes:
  1. Instructions and Checklist
  2. General Information
  3. Contract for Deed for Australia
Legal Compliance: This form complies with the state and territory laws of Australia
This is the content of the form and is provided for your convenience. It is not necessarily what the actual form looks like and does not include the information, instructions and other materials that come with the form you would purchase. An actual sample can also be viewed by clicking on the "Sample Form" near the top left of this page.
Number of Pages16
DimensionsDesigned for Letter Size (8.5" x 11")
EditableYes (.doc, .wpd and .rtf)
UsageUnlimited number of prints
Product number#43399
This is the content of the form and is provided for your convenience. It is not necessarily what the actual form looks like and does not include the information, instructions and other materials that come with the form you would purchase. An actual sample can also be viewed by clicking on the "Sample Form" near the top left of this page.

Customer Reviews

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Reviews: 16


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The form that we purchased was exactly what we needed. Excellent site. Thank you.


North Fort Myers,

FL

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The document contained most of the information I was looking for and provided a good ammendable base from which to develop a finished product. The download was simple and easy to use.


Niceville,

FL

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I actually purchased a legal form to help a friend. It was easy to use and very reasonably priced. She was able to get a long standing issue resolved quickly and Legally! We are both very happy with the product.


Gilmer,

TX

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Thanks. Everything I expected and more!


Pickerington,

OH

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The document was perfect for what I needed. The internet site was easy to navigate and the explanation of the document was easy to understand. Thank you for making this much easier to deal with!


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