Can Quillio review Victorian contracts of sale?
Yes. I review Victorian residential and commercial contracts of sale in the standard Law Institute of Victoria / Real Estate Institute of Victoria form. I read the contract together with the Section 32 vendor statement and flag special conditions that depart from standard, deposit arrangements, settlement mechanics, and Sale of Land Act 1962 (VIC) compliance.
General and special conditions
The standard general conditions are well-understood. Special conditions vary wildly and carry most of the risk. I flag each special condition, identify departures from standard, and explain the commercial effect for the purchaser.
Deposit and cooling-off
Residential purchasers (other than at auction) have a 3-day cooling-off right under section 31 of the Sale of Land Act 1962 (VIC). I confirm the cooling-off notice is properly served. Deposit above 10% triggers specific rules — I flag where this applies.
Off-the-plan and sunset clauses
Off-the-plan contracts need separate review — I flag sunset clauses under section 10A, variation clauses, and the recent Sale of Land Amendment Act 2019 (VIC) protections. Off-the-plan gets its own detailed article.
Common issues
- Section 32 must be served before signing — confirm timing
- Stamp duty and foreign purchaser surcharges interact — check State Revenue Office position
- Cooling-off waiver at auction needs careful handling — many purchasers do not understand
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