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What is the O&A?

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Most contracts to buy real estate in Western Australia are made by way of offer and acceptance on the 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 the 2018 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.

 

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