CONTRACT OF SALE OF REAL ESTATE Property - realestateVIEW ...

3. Restrictions on use
3.1 The Purchaser buys the property subject to all restrictions as to use including any
under the provisions of each applicable order, planning scheme, regulation or by-law
affecting the use of the property.
3.2 Restrictions as to use do not constitute a defect in the Vendor's title or affect the
validity of this contract and the Purchaser is not entitled to make any requisition or
objection or claim any compensation from the Vendor in respect of restrictions.
4. Sale of Land Act
4.1 The Purchaser acknowledges that, prior to signing this contract or any other document
relating to this sale, he received-
(a)
(b)
a copy of this contract; and
a Vendor Statement containing the particulars required by Section 32 of the Sale
of Land Act 1962 ("the Vendor Statement")
5. Damage prior to settlement
5.1 The Purchaser acknowledges and agrees that he:-
(a) has inspected the property and is satisfied with its condition as at the day of sale;
and
(b)
purchases the property sold in its present condition and state of repair and with
any defects, latent or patent, existing as at the day of sale.
5.2 If the property is not in its present condition and state of repair on the settlement date,
then subject to Section 34(1) of the Sale of Land Act 1962, the Purchaser has no right
to rescind this contract.
6. Entire aareement
6.1 There are no conditions or warranties or other terms of sale relating to the property
except as set out in this contract, the Vendor Statement and any implied by legislation.
6.2 Any other promise, condition, representation or warranty which may have been made
by or on behalf of the Vendor which is not set out in this contract is withdrawn and
ceases to apply.
7. Interest on sums due but unpaid
7.1 Condition 4 of Table A does not apply to this contract.
7.2 If either party defaults in payment of any money under this contract then interest at the
rate of 18 per cent per annum computed on the money overdue during the period of
default must be paid by the defaulting party on demand made by the offended party, in
addition to any other rights of the offended party.
Special Conditions - Page 2