You are invited to answer as many or as few of these questions as you see fit.
Tip: You will need a copy of the current version of the Law Society | REIT Particulars of Sale in front of you before answering (supplied with link).

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* 1. Is the 'Particulars of Sale' document user friendly?

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* 2. Is the preamble sufficiently comprehensive?

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* 3. As the GST Treatment option selected on occasions is “the sale is not a taxable supply” when the sale is actually a taxable supply and GST is included in the Sale Price, should the fourth option:

  • be moved to second place;
  • be amended to delete the words “according to the special clause added”; and
  • be amended to add the words “and the Margin Scheme does not apply”?

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* 4. As the Particulars of Sale include the option of the vendor making available to the purchaser, at settlement, the right to receive rents and profits, should the Contract provide a provision pursuant to which the vendor warrants to the purchaser that:

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* 5. Should the Contract provide for the way in which rent (if applicable) is to be apportioned and dealt with at settlement?

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* 6. Should the Contract include a warranty by the vendor with respect to the security deposit (if any) and provide for how any security deposit is dealt with at settlement?

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* 7. Should the Contract include a warranty by the vendor with respect to an attached copy of a condition report (if any)?

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* 8. Have the provisions relating to variations of Standard Condition 9 been found to be adequate and effective?

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* 9. Should the offered variations to Standard Condition 9 include more options?

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* 10. Should there be an option for a vendor warranty which is not qualified by the words “to the best of the vendor’s knowledge”?

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* 11. Should the Vendor Property Disclosure Statement be incorporated as a part of the Particulars of Sale?

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* 12. Have the provisions relating to waiver or reliance on the Cooling Off provision in Standard Condition 19 been found to be adequate and effective?

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* 13. Have the provisions of the Finance Clause been found to be adequate and effective?

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* 14. Have the provisions of the Subject to Sale Clause been found to be adequate and effective?

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* 15. Does it appear that vendors, purchasers and real estate agents understand the two different parts of the Subject to Sale Clause and the interaction between them?

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* 16. Should the Subject to Completion provision be deleted from the Subject to Sale Clause?

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* 17. Are the provisions of the Inspection Clause an improvement on similar provisions in previous versions of the standard form contract

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* 18. Does the Inspection Clause require amendment?

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* 19. Have the provisions of the Shorter Period Clause been found to be adequate and effective in practice?

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* 20. In the interests of transparency and clearer understanding, should the time period in the Shorter Period Clause be specified as two (2) business days, notwithstanding Standard Condition 17?

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* 21. Are the Cautionary Notes appropriate?

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* 22. Are there any others issues not covered by the document that should be covered?

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* 23. Do you have any other feedback (suggestions, complaints, recommendations)?

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* 24. Your name (optional):

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