Illustrative example · Not a real property
An example of how a purchase contract’s special conditions are translated into buyer risks and practical questions. No real contract was analysed for this page.
All figures, clauses, page references and findings below are invented to show the report format. They do not describe an actual building or contract and are not legal or financial advice.
Example purchase contract
1 critical risk · 1 financial penalty · fictional terms for demonstration only
The example special condition permits the deposit to be released to the vendor before settlement. If the sale falls through, recovering it could be difficult.
What it could cost: Up to $85,000 of the example deposit could be at risk before settlement.
The example condition shifts part of the vendor’s land tax to the buyer. The amount cannot be calculated without the assessment and settlement date.
What it could cost: An additional settlement adjustment; amount not stated in the sample.
Questions and suggested changes to discuss with your conveyancer, not legal advice.
1. Early release of deposit
Ask your conveyancer to remove the early-release clause and keep the deposit in the stakeholder’s trust account until settlement.
2. Vendor’s land tax adjusted at settlement
Ask your conveyancer to delete the land-tax adjustment or calculate and cap it before signing.
Confirm the actual contract date, settlement date and any cooling-off period with your conveyancer. This fictional example deliberately does not invent calendar deadlines.