New form of contract of sale of real estate

  • Author : Bill Stark - 21-03-2012

Further to my post of 27 February 2012, there is a further new form of Contract of Sale of Real Estate in Victoria.

The latest changes have been brought about by the Consumer Affairs Legislation Amendment (Reform) Act 2010. The Act amended the Sale of Land Act 1962 (Vic), by:

- the removal of the ability for deposits to be held in vendor/purchaser joint accounts for off‐the‐plan sales, and

- providing for cooling off rights where clients have received pre‐contractual advice from a legal practitioner.

These changes came into operation on 1 March 2012.

About the Author

Bill Stark

Recent Posts

Who is responsible when external cladding fails in an apartment tower during a fire?

Bill Stark Date: 10-01-2020

Valuations in Leasing Part 1: Options to Renew

Bill Stark Date: 30-11-2018

Valuations in Leasing: Renewals, Market Rent Reviews and Valuation Pitfalls

Bill Stark Date: 15-11-2018

When will there be a concluded lease, and what compensation will be payable if the landlord wrongfully breaches the lease?

Bill Stark Date: 23-05-2018

Can a lease cease to be covered by the Retail Leases Act 2003 during its current term?

Bill Stark Date: 16-04-2018

Can I challenge an expert valuer's rental determination made under section 37 of the Retail Leases Act 2003?

Bill Stark Date: 16-04-2018