Common use of TERMS CONTRACT Clause in Contracts

TERMS CONTRACT. 30.1 If this is a ‘terms contract’ as defined in the Sale of Land Act 1962: (a) any mortgage affecting the land sold must be discharged as to that land before the purchaser becomes entitled to possession or to the receipt of rents and profits unless the vendor satisfies section 29M of the Sale of Land Act 1962; and (b) the deposit and all other money payable under the contract (other than any money payable in excess of the amount required to so discharge the mortgage) must be paid to a legal practitioner or conveyancer or a licensed estate agent to be applied in or towards discharging the mortgage. 30.2 While any money remains owing each of the following applies: (a) the purchaser must maintain full damage and destruction insurance of the property and public risk insurance noting all parties having an insurable interest with an insurer approved in writing by the vendor; (b) the purchaser must deliver copies of the signed insurance application forms, the policies and the insurance receipts to the vendor not less than 10 days before taking possession of the property or becoming entitled to receipt of the rents and profits; (c) the purchaser must deliver copies of any amendments to the policies and the insurance receipts on each amendment or renewal as evidence of the status of the policies from time to time; (d) the vendor may pay any renewal premiums or take out the insurance if the purchaser fails to meet these obligations; (e) insurance costs paid by the vendor under paragraph (d) must be refunded by the purchaser on demand without affecting the vendor’s other rights under this contract; (f) the purchaser must maintain and operate the property in good repair (fair wear and tear excepted) and keep the property safe, lawful, structurally sound, weatherproof and free from contaminations and dangerous substances; (g) the property must not be altered in any way without the written consent of the vendor which must not be unreasonably refused or delayed; (h) the purchaser must observe all obligations that affect owners or occupiers of land; (i) the vendor and/or other person authorised by the vendor may enter the property at any reasonable time to inspect it on giving 7 days written notice, but not more than twice in a year.

TERMS CONTRACT. 30.1 23.1 If this is a ‘terms contract’ as defined in the Sale of Land Act 1962: (a) any mortgage affecting the land sold must be discharged as to that land before the purchaser becomes entitled to possession or to the receipt of rents and profits unless the vendor satisfies section 29M of the Sale of Land Act 1962; and (b) the deposit and all other money payable under the contract (other than any money payable in excess of the amount required to so discharge the mortgage) must be paid to a legal practitioner or conveyancer or a licensed estate agent to be applied in or towards discharging the mortgage. 30.2 23.2 While any money remains owing each of the following applies: (a) the purchaser must maintain full damage and destruction insurance of the property and public risk insurance noting all parties having an insurable interest with an insurer approved in writing by the vendor; (b) the purchaser must deliver copies of the signed insurance application forms, the policies and the insurance receipts to the vendor not less than 10 days before taking possession of the property or becoming entitled to receipt of the rents and profits; (c) the purchaser must deliver copies of any amendments to the policies and the insurance receipts on each amendment or renewal as evidence of the status of the policies from time to time; (d) the vendor may pay any renewal premiums or take out the insurance if the purchaser fails to meet these obligations; (e) insurance costs paid by the vendor under paragraph (d) must be refunded by the purchaser on demand without affecting the vendor’s other rights under this contract; (f) the purchaser must maintain and operate the property in good repair (fair wear and tear excepted) and keep the property safe, lawful, structurally sound, weatherproof and free from contaminations and dangerous substances; (g) the property must not be altered in any way without the written consent of the vendor which must not be unreasonably refused or delayed; (h) the purchaser must observe all obligations that affect owners or occupiers of land; (i) the vendor and/or other person authorised by the vendor may enter the property at any reasonable time to inspect it on giving 7 days written notice, but not more than twice in a year.

TERMS CONTRACT. 30.1 23.1 If this is a ‘'terms contract’ ' as defined in the Sale of Land Act 1962: (a) any mortgage affecting the land sold must be discharged as to that land before the purchaser becomes entitled to possession or to the receipt of rents and profits unless the vendor satisfies section 29M of the Sale of Land Act 1962; and (b) the deposit and all other money payable under the contract (other than any money payable in excess of the amount required to so discharge the mortgage) must be paid to a legal practitioner or conveyancer or a licensed estate agent to be applied in or towards discharging the mortgage. 30.2 23.2 While any money remains owing each of the following applies: (a) the purchaser must maintain full damage and destruction insurance of the property and public risk insurance noting all parties having an insurable interest with an insurer approved in writing by the vendor; (b) the purchaser must deliver copies of the signed insurance application forms, the policies and the insurance receipts to the vendor not less than 10 days before taking possession of the property or becoming entitled to receipt of the rents and profits; (c) the purchaser must deliver copies of any amendments to the policies and the insurance receipts on each amendment or renewal as evidence of the status of the policies from time to time; (d) the vendor may pay any renewal premiums or take out the insurance if the purchaser fails to meet these obligations; (e) insurance costs paid by the vendor under paragraph (d) must be refunded by the purchaser on demand without affecting the vendor’s 's other rights under this contract; (f) the purchaser must maintain and operate the property in good repair (fair wear and tear excepted) and keep the property safe, lawful, structurally sound, weatherproof and free from contaminations and dangerous substances; (g) the property must not be altered in any way without the written consent of the vendor which must not be unreasonably refused or delayed; (h) the purchaser must observe all obligations that affect owners or occupiers of land; (i) the vendor and/or other person authorised by the vendor may enter the property at any reasonable time to inspect it on giving 7 days written notice, but not more than twice in a year.

TERMS CONTRACT. 30.1 23.1 If this is a ‘'terms contract’ ' as defined in the Sale of Land Act 1962: (a) any mortgage affecting the land sold must be discharged as to that land before the purchaser becomes entitled to possession or to the receipt of rents and profits unless the vendor satisfies section 29section29M of the Sale of Land Act 1962; and (b) the deposit and all other money payable under the contract (other than any money payable in excess of the amount required to so discharge the mortgage) must be paid to a legal practitioner or conveyancer or a licensed estate agent to be applied in or towards discharging the mortgage. 30.2 23.2 While any money remains owing each of the following applies: (a) the purchaser must maintain full damage and destruction insurance of the property and public risk insurance noting all parties having an insurable interest with an insurer approved in writing by the vendor; (b) the purchaser must deliver copies of the signed insurance application forms, the policies and the insurance receipts to the vendor not less than 10 days before taking possession of the property or becoming entitled to receipt of the rents and profits; (c) the purchaser must deliver copies of any amendments to the policies and the insurance receipts on each amendment or renewal as evidence of the status of the policies from time to time; (d) the vendor may pay any renewal premiums or take out the insurance if the purchaser fails to meet these obligations; (e) insurance costs paid by the vendor under paragraph (d) must be refunded by the purchaser on demand without affecting the vendor’s 's other rights under this contract; (f) the purchaser must maintain and operate the property in good repair (fair wear and tear excepted) and keep the property safe, lawful, structurally sound, weatherproof and free from contaminations and dangerous substances; (g) the property must not be altered in any way without the written consent of the vendor which must not be unreasonably refused or delayed; (h) the purchaser must observe all obligations that affect owners or occupiers of land; (i) the vendor and/or other person authorised by the vendor may enter the property at any reasonable time to inspect it on giving 7 days written notice, but not more than twice in a year.

TERMS CONTRACT. 30.1 29.1 If this is a ‘terms contract’ as defined in the Sale of Land Act 1962: (a) any mortgage affecting the land sold must be discharged as to that land before the purchaser becomes entitled to possession or to the receipt of rents and profits unless the vendor satisfies section 29M of the Sale of Land Act 1962; and (b) the deposit and all other money payable under the contract (other than any money payable in excess of the amount required to so discharge the mortgage) must be paid to a legal practitioner or conveyancer or a licensed estate agent to be applied in or towards discharging the mortgage. 30.2 29.2 While any money remains owing each of the following applies: (a) the purchaser must maintain full damage and destruction insurance of the property and public risk insurance noting all parties having an insurable interest with an insurer approved in writing by the vendor; (b) the purchaser must deliver copies of the signed insurance application forms, the policies and the insurance receipts to the vendor not less than 10 days before taking possession of the property or becoming entitled to receipt of the rents and profits; (c) the purchaser must deliver copies of any amendments to the policies and the insurance receipts on each amendment or renewal as evidence of the status of the policies from time to time; (d) the vendor may pay any renewal premiums or take out the insurance if the purchaser fails to meet these obligations; (e) insurance costs paid by the vendor under paragraph (d) must be refunded by the purchaser on demand without affecting the vendor’s other rights under this contract; (f) the purchaser must maintain and operate the property in good repair (fair wear and tear excepted) and keep the property safe, lawful, structurally sound, weatherproof and free from contaminations and dangerous substances; (g) the property must not be altered in any way without the written consent of the vendor which must not be unreasonably refused or delayed; (h) the purchaser must observe all obligations that affect owners or occupiers of land; (i) the vendor and/or other person authorised by the vendor may enter the property at any reasonable time to inspect it on giving 7 days written notice, but not more than twice in a year.

TERMS CONTRACT. 30.1 23.1 If this is a ‘'terms contract’ ' as defined in the Sale of Land Act 1962: (a) any mortgage affecting the land sold must be discharged as to that land before the purchaser becomes entitled to possession or to the receipt of rents and profits unless the vendor satisfies section 29M of the Sale of Land Act 1962; and (b) the deposit and all other money payable under the contract (other than any money payable in excess of the amount required to so discharge the mortgage) must be paid to a legal practitioner or conveyancer or a licensed estate agent to be applied in or towards discharging the mortgage. 30.2 23.2 While any money remains owing each of the following applies: (a) the purchaser must maintain full damage and destruction insurance of the property and public risk insurance noting all parties having an insurable interest with an insurer approved in writing by the vendor; (b) the purchaser must deliver copies of the signed insurance application forms, the policies and the insurance receipts to the vendor not less than 10 days before taking possession of the property or becoming entitled to receipt of the rents and profits; (c) the purchaser must deliver copies of any amendments to the policies and the insurance receipts on each amendment or renewal as evidence of the status of the policies from time to time; (d) the vendor may pay any renewal premiums or take out the insurance if the purchaser fails to meet these obligations; (e) insurance costs paid by the vendor under paragraph (d) must be refunded by the purchaser on demand without affecting the vendor’s 's other rights under this contract; (f) the purchaser must maintain and operate the property in good repair (fair wear and tear excepted) and keep the property safe, lawful, structurally sound, weatherproof and free from contaminations and dangerous substances; (g) the property must not be altered in any way without the written consent of the vendor which must not be unreasonably refused or delayed; (h) the purchaser must observe all obligations that affect owners or occupiers of land; (i) the vendor and/or other person authorised by the vendor may enter the property at any reasonable time to inspect it on giving 7 days written notice, but not more than twice in a year.

TERMS CONTRACT. 30.1 26.1 If this is a ‘terms contract’ as defined in the Sale of Land Act 1962: (a) any mortgage affecting the land sold must be discharged as to that land before the purchaser becomes entitled to possession or to the receipt of rents and profits unless the vendor satisfies section 29M of the Sale of Land Act 1962; and (b) the deposit and all other money payable under the contract (other than any money payable in excess of the amount required to so discharge the mortgage) must be paid to a legal practitioner or conveyancer or a licensed estate agent to be applied in or towards discharging the mortgage. 30.2 26.2 While any money remains owing each of the following applies: (a) the purchaser must maintain full damage and destruction insurance of the property and public risk insurance noting all parties having an insurable interest with an insurer approved in writing by the vendor; (b) the purchaser must deliver copies of the signed insurance application forms, the policies and the insurance receipts to the vendor not less than 10 days before taking possession of the property or becoming entitled to receipt of the rents and profits; (c) the purchaser must deliver copies of any amendments to the policies and the insurance receipts on each amendment or renewal as evidence of the status of the policies from time to time; (d) the vendor may pay any renewal premiums or take out the insurance if the purchaser fails to meet these obligations; (e) insurance costs paid by the vendor under paragraph (d) must be refunded by the purchaser on demand without affecting the vendor’s other rights under this contract; (f) the purchaser must maintain and operate the property in good repair (fair wear and tear excepted) and keep the property safe, lawful, structurally sound, weatherproof and free from contaminations and dangerous substances; (g) the property must not be altered in any way without the written consent of the vendor which must not be unreasonably refused or delayed; (h) the purchaser must observe all obligations that affect owners or occupiers of land; (i) the vendor and/or other person authorised by the vendor may enter the property at any reasonable time to inspect it on giving 7 days written notice, but not more than twice in a year.

TERMS CONTRACT. 30.1 If this is a ‘terms contract’ as defined in the Sale of Land Act 1962Xxx 0000: (a) any mortgage affecting the land sold must be discharged as to that land before the purchaser becomes entitled to possession or to the receipt of rents and profits unless the vendor satisfies section 29M of the Sale of Land Act 1962Xxx 0000; and (b) the deposit and all other money payable under the contract (other than any money payable in excess of the amount required to so discharge the mortgage) must be paid to a legal practitioner or conveyancer or a licensed estate agent to be applied in or towards discharging the mortgage. 30.2 While any money remains owing each of the following applies: (a) the purchaser must maintain full damage and destruction insurance of the property and public risk insurance noting all parties having an insurable interest with an insurer approved in writing by the vendor; (b) the purchaser must deliver copies of the signed insurance application forms, the policies and the insurance receipts to the vendor not less than 10 days before taking possession of the property or becoming entitled to receipt of the rents and profits; (c) the purchaser must deliver copies of any amendments to the policies and the insurance receipts on each amendment or renewal as evidence of the status of the policies from time to time; (d) the vendor may pay any renewal premiums or take out the insurance if the purchaser fails to meet these obligations; (e) insurance costs paid by the vendor under paragraph (d) must be refunded by the purchaser on demand without affecting the vendor’s other rights under this contract; (f) the purchaser must maintain and operate the property in good repair (fair wear and tear excepted) and keep the property safe, lawful, structurally sound, weatherproof and free from contaminations and dangerous substances; (g) the property must not be altered in any way without the written consent of the vendor which must not be unreasonably refused or delayed; (h) the purchaser must observe all obligations that affect owners or occupiers of land; (i) the vendor and/or other person authorised by the vendor may enter the property at any reasonable time to inspect it on giving 7 days written notice, but not more than twice in a year.

TERMS CONTRACT. 30.1 23.1 If this is a ‘'terms contract’ ' as defined in the Sale of Land Act 1962Xxx 0000: (a) any mortgage affecting the land sold must be discharged as to that land before the purchaser becomes entitled to possession or to the receipt of rents and profits unless the vendor satisfies section 29M of the Sale of Land Act 1962Xxx 0000; and (b) the deposit and all other money payable under the contract (other than any money payable in excess of the amount required to so discharge the mortgage) must be paid to a legal practitioner or conveyancer or a licensed estate agent to be applied in or towards discharging the mortgage. 30.2 23.2 While any money remains owing each of the following applies: (a) the purchaser must maintain full damage and destruction insurance of the property and public risk insurance noting all parties having an insurable interest with an insurer approved in writing by the vendor; (b) the purchaser must deliver copies of the signed insurance application forms, the policies and the insurance receipts to the vendor not less than 10 days before taking possession of the property or becoming entitled to receipt of the rents and profits; (c) the purchaser must deliver copies of any amendments to the policies and the insurance receipts on each amendment or renewal as evidence of the status of the policies from time to time; (d) the vendor may pay any renewal premiums or take out the insurance if the purchaser fails to meet these obligations; (e) insurance costs paid by the vendor under paragraph (d) must be refunded by the purchaser on demand without affecting the vendor’s 's other rights under this contract; (f) the purchaser must maintain and operate the property in good repair (fair wear and tear excepted) and keep the property safe, lawful, structurally sound, weatherproof and free from contaminations and dangerous substances; (g) the property must not be altered in any way without the written consent of the vendor which must not be unreasonably refused or delayed; (h) the purchaser must observe all obligations that affect owners or occupiers of land; (i) the vendor and/or other person authorised by the vendor may enter the property at any reasonable time to inspect it on giving 7 days written notice, but not more than twice in a year.

TERMS CONTRACT. 30.1 23.1 If this is a ‘terms contract’ as defined in the Sale of Land Act 1962: (a) any mortgage affecting the land Land sold must be discharged as to that land Land before the purchaser Purchaser becomes entitled to possession or to the receipt of rents and profits unless the vendor Vendor satisfies section 29M M) of the Sale of Land Act 1962; and (b) the deposit and all other money payable under the contract Contract (other than any money payable in excess of the amount required to so discharge the mortgage) must be paid to a legal practitioner or conveyancer or a licensed estate agent to be applied in or towards discharging the mortgage. 30.2 23.2 While any money remains owing each of the following applies: (a) the purchaser Purchaser must maintain full damage and destruction insurance of the property and public risk insurance noting all parties having an insurable interest with an insurer approved in writing by the vendorVendor; (b) the purchaser Purchaser must deliver copies of the signed insurance application forms, the policies and the insurance receipts to the vendor Vendor not less than 10 days before taking possession of the property or becoming entitled to receipt of the rents and profits; (c) the purchaser Purchaser must deliver copies of any amendments to the policies and the insurance receipts on each amendment or renewal as evidence of the status of the policies from time to time; (d) the vendor Vendor may pay any renewal premiums or take out the insurance if the purchaser Purchaser fails to meet these obligations; (e) insurance costs paid by the vendor Vendor under paragraph (d) must be refunded by the purchaser Purchaser on demand without affecting the vendorVendor’s other rights under this contractContract; (f) the purchaser Purchaser must maintain and operate the property in good repair (fair wear and tear excepted) and keep the property safe, lawful, structurally sound, weatherproof and free from contaminations and dangerous substances; (g) the property must not be altered in any way without the written consent of the vendor Vendor which must not be unreasonably refused or delayed; (h) the purchaser Purchaser must observe all obligations that affect owners or occupiers of landLand; (i) the vendor Vendor and/or other person authorised by the vendor Vendor may enter the property at any reasonable time to inspect it on giving 7 days written notice, but not more than twice in a year.

TERMS CONTRACT. 30.1 23.1 If this is a ‘terms contract’ as defined in the Sale of Land Act 1962Xxx 0000: (a) any mortgage affecting the land sold must be discharged as to that land before the purchaser becomes entitled to possession or to the receipt of rents and profits unless the vendor satisfies section 29M of the Sale of Land Act 1962Xxx 0000; and (b) the deposit and all other money payable under the contract (other than any money payable in excess of the amount required to so discharge the mortgage) must be paid to a legal practitioner or conveyancer or a licensed estate agent to be applied in or towards discharging the mortgage. 30.2 23.2 While any money remains owing each of the following applies: (a) the purchaser must maintain full damage and destruction insurance of the property and public risk insurance noting all parties having an insurable interest with an insurer approved in writing by the vendor; (b) the purchaser must deliver copies of the signed insurance application forms, the policies and the insurance receipts to the vendor not less than 10 days before taking possession of the property or becoming entitled to receipt of the rents and profits; (c) the purchaser must deliver copies of any amendments to the policies and the insurance receipts on each amendment or renewal as evidence of the status of the policies from time to time; (d) the vendor may pay any renewal premiums or take out the insurance if the purchaser fails to meet these obligations; (e) insurance costs paid by the vendor under paragraph (d) must be refunded by the purchaser on demand without affecting the vendor’s other rights under this contract; (f) the purchaser must maintain and operate the property in good repair (fair wear and tear excepted) and keep the property safe, lawful, structurally sound, weatherproof and free from contaminations and dangerous substances; (g) the property must not be altered in any way without the written consent of the vendor which must not be unreasonably refused or delayed; (h) the purchaser must observe all obligations that affect owners or occupiers of land; (i) the vendor and/or other person authorised by the vendor may enter the property at any reasonable time to inspect it on giving 7 days written notice, but not more than twice in a year.

TERMS CONTRACT. ‌ 30.1 If this is a ‘terms contract’ as defined in the Sale of Land Act 1962: (a) any mortgage affecting the land sold must be discharged as to that land before the purchaser becomes entitled to possession or to the receipt of rents and profits unless the vendor satisfies section 29M of the Sale of Land Act 1962; and (b) the deposit and all other money payable under the contract (other than any money payable in excess of the amount required to so discharge the mortgage) must be paid to a legal practitioner or conveyancer or a licensed estate agent to be applied in or towards discharging the mortgage. 30.2 While any money remains owing each of the following applies: (a) the purchaser must maintain full damage and destruction insurance of the property and public risk insurance noting all parties having an insurable interest with an insurer approved in writing by the vendor; (b) the purchaser must deliver copies of the signed insurance application forms, the policies and the insurance receipts to the vendor not less than 10 days before taking possession of the property or becoming entitled to receipt of the rents and profits; (c) the purchaser must deliver copies of any amendments to the policies and the insurance receipts on each amendment or renewal as evidence of the status of the policies from time to time; (d) the vendor may pay any renewal premiums or take out the insurance if the purchaser fails to meet these obligations; (e) insurance costs paid by the vendor under paragraph (d) must be refunded by the purchaser on demand without affecting the vendor’s other rights under this contract;without (f) the purchaser must maintain and operate the property in good repair (fair wear and tear excepted) and keep the property safe, lawful, structurally sound, weatherproof and free from contaminations and dangerous substances; (g) the property must not be altered in any way without the written consent of the vendor which must not be unreasonably refused or delayed; (h) the purchaser must observe all obligations that affect owners or occupiers of land; (i) the vendor and/or other person authorised by the vendor may enter the property at any reasonable time to inspect it on giving 7 days written notice, but not more than twice in a year.

TERMS CONTRACT. 30.1 23.1 If this is a ‘“terms contract’ ” as defined in the Sale of Land Act 1962: (a) any mortgage affecting the land sold must be discharged as to that land before the purchaser becomes entitled to possession or to the receipt of rents and profits unless the vendor satisfies section 29M of the Sale of Land Act 1962; and (b) the deposit and all other money payable under the contract (other than any money payable in excess of the amount required to so discharge the mortgage) must be paid to a legal practitioner or conveyancer or a licensed estate agent to be applied in or towards discharging the mortgage. 30.2 23.2 While any money remains owing each of the following applies: (a) the purchaser must maintain full damage and destruction insurance of the property and public risk insurance noting all parties having an insurable interest with an insurer approved in writing by the vendor; (b) the purchaser must deliver copies of the signed insurance application forms, the policies and the insurance receipts to the vendor not less than 10 days before taking possession of the property or becoming entitled to receipt of the rents and profits; (c) the purchaser must deliver copies of any amendments to the policies and the insurance receipts on each amendment or renewal as evidence of the status of the policies from time to time; (d) the vendor may pay any renewal premiums or take out the insurance if the purchaser fails to meet these obligations; (e) insurance costs paid by the vendor under paragraph (d) must be refunded by the purchaser on demand without affecting the vendor’s 's other rights under this contract; (f) the purchaser must maintain and operate the property in good repair (fair wear and tear excepted) and keep the property safe, lawful, structurally sound, weatherproof and free from contaminations and dangerous substances; (g) the property must not be altered in any way without the written consent of the vendor which must not be unreasonably refused or delayed; (h) the purchaser must observe all obligations that affect owners or occupiers of land; (i) the vendor and/or other person authorised by the vendor may enter the property at any reasonable time to inspect it on giving 7 days written notice, but not more than twice in a year.

TERMS CONTRACT. 30.1 23.1 If this is a ‘terms contract’ as defined in the Sale of Land Act 1962: (a) any mortgage affecting the land sold must be discharged as to that land before the purchaser becomes entitled to possession or to the receipt of rents and profits unless the vendor satisfies section 29M of the Sale of Land Act 1962; and (b) the deposit and all other money payable under the contract (other than any money payable in excess of the amount required to so discharge the mortgage) must be paid to a legal practitioner or conveyancer or a licensed estate agent to be applied in or towards discharging the mortgage. 30.2 23.2 While any money remains owing each of the following applies: (a) the purchaser must maintain full damage and destruction insurance of the property and public risk insurance noting all parties having an insurable interest with an insurer approved in writing by the vendor;insurable (b) the purchaser must deliver copies of the signed insurance application forms, the policies and the insurance receipts to the vendor not less than 10 days before taking possession of the property or becoming entitled to receipt of the rents and profits; (c) the purchaser must deliver copies of any amendments to the policies and the insurance receipts on each amendment or renewal as evidence of the status of the policies from time to time; (d) the vendor may pay any renewal premiums or take out the insurance if the purchaser fails to meet these obligations; (e) insurance costs paid by the vendor under paragraph (d) must be refunded by the purchaser on demand without affecting the vendor’s other rights under this contract; (f) the purchaser must maintain and operate the property in good repair (fair wear and tear excepted) and keep the property safe, lawful, structurally sound, weatherproof and free from contaminations and dangerous substances; (g) the property must not be altered in any way without the written consent of the vendor which must not be unreasonably refused or delayed; (h) the purchaser must observe all obligations that affect owners or occupiers of land; (i) the vendor and/or other person authorised by the vendor may enter the property at any reasonable time to inspect it on giving 7 days written notice, but not more than twice in a year.

TERMS CONTRACT. 30.1 If this is a ‘'terms contract’ ' as defined in the Sale of Land Act 1962: (a) : any mortgage affecting the land sold must be discharged as to that land before the purchaser becomes entitled to possession or to the receipt of rents and profits unless the vendor satisfies section 29M of the Sale of Land Act 1962; and (b) and the deposit and all other money payable under the contract (other than any money payable in excess of the amount required to so discharge the mortgage) must be paid to a legal practitioner or conveyancer or a licensed estate agent to be applied in or towards discharging the mortgage. 30.2 . While any money remains owing each of the following applies: (a) : the purchaser must maintain full damage and destruction insurance of the property and public risk insurance noting all parties having an insurable interest with an insurer approved in writing by the vendor; (b) ; the purchaser must deliver copies of the signed insurance application forms, the policies and the insurance receipts to the vendor not less than 10 days before taking possession of the property or becoming entitled to receipt of the rents and profits; (c) ; the purchaser must deliver copies of any amendments to the policies and the insurance receipts on each amendment or renewal as evidence of the status of the policies from time to time; (d) ; the vendor may pay any renewal premiums or take out the insurance if the purchaser fails to meet these obligations; (e) ; insurance costs paid by the vendor under paragraph (d) must be refunded by the purchaser on demand without affecting the vendor’s 's other rights under this contract; (f) ; the purchaser must maintain and operate the property in good repair (fair wear and tear excepted) and keep the property safe, lawful, structurally sound, weatherproof and free from contaminations and dangerous substances; (g) ; the property must not be altered in any way without the written consent of the vendor which must not be unreasonably refused or delayed; (h) ; the purchaser must observe all obligations that affect owners or occupiers of land; (i) ; the vendor and/or other person authorised by the vendor may enter the property at any reasonable time to inspect it on giving 7 days written notice, but not more than twice in a year. The vendor carries the risk of loss or damage to the property until settlement. The vendor must deliver the property to the purchaser at settlement in the same condition it was in on the day of sale, except for fair wear and tear. The purchaser must not delay settlement because one or more of the goods is not in the condition required by general condition 24.2, but may claim compensation from the vendor after settlement. The purchaser may nominate an amount not exceeding $5,000 to be held by a stakeholder to be appointed by the parties if the property is not in the condition required by general condition 24.2 at settlement. The nominated amount may be deducted from the amount due to the vendor at settlement and paid to the stakeholder, but only if the purchaser also pays an amount equal to the nominated amount to the stakeholder. The stakeholder must pay the amounts referred to in general condition 24.5 in accordance with the determination of the dispute, including any order for payment of the costs of the resolution of the dispute. A party who breaches this contract must pay to the other party on demand: compensation for any reasonably foreseeable loss to the other party resulting from the breach; and any interest due under this contract as a result of the breach.

TERMS CONTRACT. 30.1 23.1 If this is a ‘terms contract’ as defined in the Sale of Land Act 1962: (a) any mortgage affecting the land sold must be discharged as to that land before the purchaser becomes entitled to possession or to the receipt of rents and profits unless the vendor satisfies section 29M of the Sale of Land Act 1962; and (b) the deposit and all other money payable under the contract (other than any money payable in excess of the amount required to so discharge the mortgage) must be paid to a legal practitioner or conveyancer or a licensed estate agent to be applied in or towards discharging the mortgage. 30.2 23.2 While any money remains owing each of the following applies: (a) the purchaser must maintain full damage and destruction insurance of the property and public risk insurance noting all parties having an insurable interest with an insurer approved in writing by the vendor; (b) the purchaser must deliver copies of the signed insurance application forms, the policies and the insurance receipts to the vendor not less than 10 days before taking possession of the property or becoming entitled to receipt of the rents and profits; (c) the purchaser must deliver copies of any amendments to the policies and the insurance receipts on each amendment or renewal as evidence of the status of the policies from time to time; (d) the vendor may pay any renewal premiums or take out the insurance if the purchaser fails to meet these obligations; (e) insurance costs paid by the vendor under paragraph (d) must be refunded by the purchaser on demand without affecting the vendor’s other rights under this contract;; CONTRACT OF SALE OF REAL ESTATE 10 September 2014 (f) the purchaser must maintain and operate the property in good repair (fair wear and tear excepted) and keep the property safe, lawful, structurally sound, weatherproof and free from contaminations and dangerous substances; (g) the property must not be altered in any way without the written consent of the vendor which must not be unreasonably refused or delayed; (h) the purchaser must observe all obligations that affect owners or occupiers of land; (i) the vendor and/or other person authorised by the vendor may enter the property at any reasonable time to inspect it on giving 7 days written notice, but not more than twice in a year.

TERMS CONTRACT. 30.1 23.1 If this is a ‘'terms contract’ ' as defined in the Sale of Land Act 1962: (a) any mortgage affecting the land sold must be discharged as to that land before the purchaser becomes entitled to possession or to the receipt of rents and profits unless the vendor satisfies section 29section29M of the Sale of Land Act 1962; and (b) the deposit and all other money payable under the contract (other than any money payable in excess of the amount required to so discharge the mortgage) must be paid to a legal practitioner or conveyancer or a licensed estate agent to be applied in or towards discharging the mortgage. 30.2 23.2 While any money remains owing each of the following applies: (a) the purchaser must maintain full damage and destruction insurance of the property and public risk insurance noting all parties having an insurable interest with an insurer approved in writing by the vendor; (b) the purchaser must deliver copies of the signed insurance application forms, the policies and the insurance receipts to the vendor not less than 10 days before taking possession of the property or becoming entitled to receipt of the rents and profits; (c) the purchaser must deliver copies of any amendments to the policies and the insurance receipts on each amendment or renewal as evidence of the status of the policies from time to time; (d) the vendor may pay any renewal premiums or take out the insurance if the purchaser fails to meet these obligations; (e) insurance costs paid by the vendor under paragraph (d) must be refunded by the purchaser on demand without affecting the vendor’s 's other rights under this contract; (f) the purchaser must maintain and operate the property in good repair (fair wear and tear excepted) and keep the property safe, lawful, structurally sound, weatherproof and free from contaminations and dangerous substances; (g) the property must not be altered in any way without the written consent of the vendor which must not be unreasonably refused or delayed; (h) the purchaser must observe all obligations that affect owners or occupiers of land; (i) the vendor and/or other person authorised by the vendor may enter the property at any reasonable time to inspect it on giving 7 seven days written notice, but not more than twice in a year.

TERMS CONTRACT. 30.1 23.1 If this is a ‘terms contract’ as defined in the Sale of Land Act 1962: (a) any mortgage affecting the land sold must be discharged as to that land before the purchaser becomes entitled to possession or to the receipt of rents and profits unless the vendor satisfies section 29M of the Sale of Land Act 1962; and (b) the deposit and all other money payable under the contract (other than any money payable in excess of the amount required to so discharge the mortgage) must be paid to a legal practitioner or conveyancer or a licensed estate agent to be applied in or towards discharging the mortgage. 30.2 23.2 While any money remains owing each of the following applies: (a) the purchaser must maintain full damage and destruction insurance of the property and public risk insurance noting all parties having an insurable interest with an insurer approved in writing by the vendor; (b) the purchaser must deliver copies of the signed insurance application forms, the policies and the insurance receipts to the vendor not less than 10 days before taking possession of the property or becoming entitled to receipt of the rents and profits; (c) the purchaser must deliver copies of any amendments to the policies and the insurance receipts on each amendment or renewal as evidence of the status of the policies from time to time; (d) the vendor may pay any renewal premiums or take out the insurance if the purchaser fails to meet these obligations;; and (e) insurance costs paid by the vendor under paragraph (d) must be refunded by the purchaser on demand without affecting the vendor’s other rights under this contract; (f) the purchaser must maintain and operate the property in good repair (fair wear and tear excepted) and keep the property safe, lawful, structurally sound, weatherproof and free from contaminations and dangerous substances; (g) the property must not be altered in any way without the written consent of the vendor which must not be unreasonably refused or delayed; (h) the purchaser must observe all obligations that affect owners or occupiers of land; (i) the vendor and/or other person authorised by the vendor may enter the property at any reasonable time to inspect it on giving 7 days written notice, but not more than twice in a year.

TERMS CONTRACT. 30.1 If this is a ‘'terms contract’ ' as defined in the Sale of Land Act 1962: (a) : any mortgage affecting the land sold must be discharged as to that land before the purchaser becomes entitled to possession or to the receipt of rents and profits unless the vendor satisfies section 29M of the Sale of Land Act 1962; and (b) and the deposit and all other money payable under the contract (other than any money payable in excess of the amount required to so discharge the mortgage) must be paid to a legal practitioner or conveyancer or a licensed estate agent to be applied in or towards discharging the mortgage. 30.2 . While any money remains owing each of the following applies: (a) : the purchaser must maintain full damage and destruction insurance of the property and public risk insurance noting all parties having an insurable interest with an insurer approved in writing by the vendor; (b) ; the purchaser must deliver copies of the signed insurance application forms, the policies and the insurance receipts to the vendor not less than 10 days before taking possession of the property or becoming entitled to receipt of the rents and profits; (c) ; the purchaser must deliver copies of any amendments to the policies and the insurance receipts on each amendment or renewal as evidence of the status of the policies from time to time; (d) ; the vendor may pay any renewal premiums or take out the insurance if the purchaser fails to meet these obligations; (e) ; insurance costs paid by the vendor under paragraph (d) must be refunded by the purchaser on demand without affecting the vendor’s 's other rights under this contract; (f) ; the purchaser must maintain and operate the property in good repair (fair wear and tear excepted) and keep the property safe, lawful, structurally sound, weatherproof and free from contaminations and dangerous substances; (g) ; the property must not be altered in any way without the written consent of the vendor which must not be unreasonably refused or delayed; (h) ; the purchaser must observe all obligations that affect owners or occupiers of land; (i) ; the vendor and/or other person authorised by the vendor may enter the property at any reasonable time to inspect it on giving 7 days written notice, but not more than twice in a year. The vendor carries the risk of loss or damage to the property until settlement. The vendor must deliver the property to the purchaser at settlement in the same condition it was in on the day of sale, except for fair wear and tear. The purchaser must not delay settlement because one or more of the goods is not in the condition required by general condition 24.2, but may claim compensation from the vendor after settlement. The purchaser may nominate an amount not exceeding $5,000 to be held by a stakeholder to be appointed by the parties if the property is not in the condition required by general condition 24.2 at settlement. The nominated amount may be deducted from the amount due to the vendor at settlement and paid to the stakeholder, but only if the purchaser also pays an amount equal to the nominated amount to the stakeholder. The stakeholder must pay the amounts referred to in general condition 24.5 in accordance with the determination of the dispute, including any order for payment of the costs of the resolution of the dispute.

TERMS CONTRACT. 30.1 23.1 If this is a ‘'terms contract’ ' as defined in the Sale of Land Act 1962Xxx 0000: (a) any mortgage affecting the land sold must be discharged as to that land before the purchaser becomes entitled to possession or to the receipt of rents and profits unless the vendor satisfies section 29section29M of the Sale of Land Act 1962Xxx 0000; and (b) the deposit and all other money payable under the contract (other than any money payable in excess of the amount required to so discharge the mortgage) must be paid to a legal practitioner or conveyancer or a licensed estate agent to be applied in or towards discharging the mortgage. 30.2 23.2 While any money remains owing each of the following applies: (a) the purchaser must maintain full damage and destruction insurance of the property and public risk insurance noting all parties having an insurable interest with an insurer approved in writing by the vendor; (b) the purchaser must deliver copies of the signed insurance application forms, the policies and the insurance receipts to the vendor not less than 10 days before taking possession of the property or becoming entitled to receipt of the rents and profits; (c) the purchaser must deliver copies of any amendments to the policies and the insurance receipts on each amendment or renewal as evidence of the status of the policies from time to time; (d) the vendor may pay any renewal premiums or take out the insurance if the purchaser fails to meet these obligations; (e) insurance costs paid by the vendor under paragraph (d) must be refunded by the purchaser on demand without affecting the vendor’s 's other rights under this contract; (f) the purchaser must maintain and operate the property in good repair (fair wear and tear excepted) and keep the property safe, lawful, structurally sound, weatherproof and free from contaminations and dangerous substances; (g) the property must not be altered in any way without the written consent of the vendor which must not be unreasonably refused or delayed; (h) the purchaser must observe all obligations that affect owners or occupiers of land; (i) the vendor and/or other person authorised by the vendor may enter the property at any reasonable time to inspect it on giving 7 days written notice, but not more than twice in a year.