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Property contracts follow standardised formats in WA. This guide explains the key terms and conditions you need to understand.
Property contracts in WA follow standardised formats. They're not mysterious documents only agents can understand. The REIWA contract is publicly available, and with proper guidance, you can confidently negotiate terms that protect your interests.
While we always recommend having a solicitor review your contract, understanding the key terms empowers you to make informed decisions and negotiate effectively. KeyHive provides professional contract guidance so you're never in the dark.
Every WA property contract must include these core components. Understanding them is your first step to confident selling.
Full legal names and addresses of all buyers and sellers involved in the transaction.
Complete legal description matching the Certificate of Title.
Agreed price, deposit amount, and payment terms clearly stated.
Settlement date and conditions for completion of the sale.
What stays with the property and what the seller takes.
Additional terms negotiated between parties.
Western Australia has unique property laws. Here's what makes WA contracts different from other states.
WA sellers must disclose known material facts about the property.
Unlike other Australian states, WA has no statutory cooling-off period. Contracts become binding immediately upon signing.
These conditions can significantly impact your sale. Know what they mean and how to negotiate them.
Allows buyer to exit if they can't secure finance approval.
Buyer's right to inspect and negotiate based on findings.
Buyer must sell their existing property first.
Final date by which all conditions must be satisfied.
From offer to signed contract—here's what to expect.
Buyer submits offer with their proposed terms. Review price, conditions, and settlement date carefully.
Counter-offer if terms aren't acceptable. Negotiation continues until both parties agree.
Have your solicitor review the final contract before signing. They'll identify any issues or risks.
Both parties sign the contract. Deposit is paid into trust account. Contract is now binding (subject to cooling-off).
We're happy to help you understand the process better.