Property sold in present condition

Property sold in present condition

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This precedent is a special condition for use with the 2005 or 2014 edition of the Contract for Sale of Land by the Law Society of NSW and Real Estate of NSW.

This special condition supplements clause 10.1.4 of the contact. That clause provides that the purchaser cannot make a claim or requisition or rescind the contract if there are changes in the property due to fair wear and tear before completion.

This precedent has been authored for Lexis Nexis by Daniela Terruso, Director, Intelmar and Peter Kirsop, Special Counsel, MRM Lawyers.

This document is prepared with the assistance of General Editor Christopher Conolly, Partner, TressCox Lawyers and Specialist Editor, Peter Rosier, Principal, Rosier Partners Lawyers.