Use this letter when acting for a purchaser in a conveyancing matter. You can use this letter to send a copy of the contract to the purchaser for review and signature prior to exchange of contracts.
This is a long form version of a letter sending the contract. To provide less detailed advice, consider using the precedent “Letter to purchaser client advising on contract (short form)”.
Advising the purchaser
The terms of this letter may vary depending on whether you will be seeing the purchaser to review the contract in person or whether you are advising by way of correspondence only. It is prudent to advise in detail when sending the contract. You should keep a contemporaneous file note of any advice given to the purchaser if you do see him or her in person. This letter contains optional signing instructions, which you can use if the purchaser will not be signing in your presence.
It is also important to identify the purchaser and obtain a copy of identification for your file. For example, in New South Wales, Land and Property Information requires certified copies of such identification in order to register the transfer.
If the property is community title, you will need to identify whether the lot that is the property being purchased is a community development lot, a precinct development lot, a neighbourhood lot, or a strata lot in a strata scheme whose strata parcel is comprised of a lot in the community scheme.
This precedent also provides an option for the purchase of leasehold title. The advice that should be provided will often depend upon the particular terms of the lease. This precedent includes a basic framework for the provision of such advice.
This precedent has been authored for Lexis Nexis by Daniela Terruso, Director, Intelmar Pty Limited.
This document is prepared with the assistance of General Editor Christopher Conolly, Partner, TressCox Lawyers and Specialist Editor, Peter Rosier, Principal, Rosier Partners Lawyers.