The standard-form real estate contract used in Western Australia, known as the Contract for Sale of Land or Strata Title by Offer and Acceptance, (commonly known as the Offer and Acceptance, or simply the O&A) is generally prepared by the seller’s real estate agent.
There’s no cooling off period for real estate contracts in Western Australia. Once the contract is signed by both parties it’s usually legally binding.
Although the standard contract is widely used in the industry, it is always wise to obtain legal advice before you sign the contract. Common pitfalls for buyers and sellers include:
If you have signed a contract, it is your responsibility to ensure that you understand your obligations under the contract. It’s better to be safe than sorry. If you need advice, arrange a consultation with one of our property lawyers.
Most settlements proceed smoothly. But if there’s a problem it’s good to know that your settlement lawyers have the resources to advise you of your rights and tackle the difficulty on the spot. Flat Rate Settlements with Birman & Ride is a one-stop shop if you need to take legal action to enforce your rights.
Book a consultation ($198 for 30 mins / $385 for 60 mins) with one of our property lawyers.
Unable to attend our office? We can conduct your consultation by telephone or Skype – please contact us.