What should be included in a contract when buying a house?
In addition to including the purchase price, deposit amount and settlement date, the contract of sale should contain the entire understanding and the whole agreement between the vendor and purchaser relative to the sale of the property.
. In particular, a purchaser should not rely on any representations or warranties made by the estate agent or any other party on behalf of the vendor and a purchaser should try to avoid any implied terms. If it is important to you that that property be within a particular school zone, or that your bank be granted access for the purpose of undertaking a valuation, it is important to make your own enquiries and write it into the contract where appropriate.