>
>
What is the O&A?

FAQs

What is the O&A?

Most contracts to buy real estate in Western Australia are made using a standard two-page Contract for sale of land or strata title by offer and acceptance (O&A) published by the Real Estate Institute of Western Australia (REIWA) and the Law Society of Western Australia.

The seemingly simple document incorporates a set of General Conditions set out in a separate 21-page booklet that is far more complicated.

Both the O&A and the General Conditions are updated from time to time. If you’re buying or selling real estate, you need to understand both the O&A and the General Conditions – or have access to a professional who does.

More FAQs
FAQ
Settlement is the process by which a contract to buy and sell real estate is completed.
FAQ
Yes. Western Australia has an off the plan duty concession for eligible new dwellings. What you get depends on the...
FAQ
No. Western Australia has no cooling off period for real estate contracts, so once the seller accepts your offer and...