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Tip 52 – Site Acquisition – Standard conditions

The standard conditions are the Holden Commodore of the legal world. Not very exciting but in most cases they get the job done. The standard conditions in the REIQ Contracts have been prepared by a panel of real estate agents and lawyers to reflect the prevailing “commercial” conditions. While almost every contract will depart from them, (eg “special conditions”) before signing your contract make sure that you read the standard conditions and know what is required of you.