Letter · Residential Conveyancing & Property

Letter of advice to a residential purchaser on the contract and searches before exchange (NSW)

Pre-exchange letter to a NSW residential purchaser: key terms, cooling-off, title and search results, risks, special conditions to negotiate and what the client must do before exchange, with deadlines.

Kind
Letter. A letter or email you adapt and send.
Where it applies
New South Wales
AI use
Yellow AI can help in set ways. A lawyer checks specific points before use.
Law stated as at
17 October 2026
Status
Maintained. Checked against the cited sources on 17 October 2026.
Version
1
Source
Written for this library

When to use it

Use after reviewing the contract, title and searches and before the purchaser exchanges or gives a s 66W certificate. Adapt it for off the plan contracts, strata lots and auction purchases; it is not a substitute for a separate strata or building report review.

How AI may be used

AI may extract terms and draft sections of the letter from the contract and searches; the lawyer verifies every fact against the source, decides what matters and settles the advice.

AI may

  • Extract price, deposit, completion date, inclusions, special conditions and title entries into the tables, with clause and page references.
  • Draft plain-English explanations of special conditions for the lawyer to check.
  • Compare the contract against the client's purchase instructions and list mismatches.

AI must not

  • Must not give the advice in the "Our view" sections or rank risks without lawyer review.
  • Must not state a transfer duty figure; set out inputs only and direct the lawyer to Revenue NSW.
  • Must not send the letter to the client without the lawyer signing off.

The lawyer checks

  • Every clause reference and figure has been checked against the contract.
  • Each title entry and search result is described accurately and its effect explained.
  • Deadlines (cooling-off end, finance, 14-day rescission for missing documents) are confirmed.
  • Advice is consistent with the client's stated purpose (home, investment, development).

Method: how the Green, Yellow and Red levels are decided. This is guidance for planning, not legal advice.

Authorities

Read the full text

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