Your Pocket Guide

Termination due to Structural Faults

1. The Buyer/s may, in its/their absolute discretion, arrange for a registered builder and/or engineer to inspect the premises on or before 5:00 pm on ……./……./…….; and
   

2. In the event that the Buyer/s has/ahve received an unsatisfactory report which substantiates a Structural Fault with the premises, the Buyer/s and/or Seller is entitled to terminate this Contract in writing on or before ……./……./…….. For such purpose:
   
   (a) The Buyer/s must produce to the Seller a copy of the unsatisfactory report; and
   
   (b) The unsatisfactory report must clearly disclose a Structural Fault/s with the premises; and
   
   (c) Upon election to terminate on the basis of a Structural Fault, the Seller must immediately return to the Buyer/s the full Deposit. This being the Buyer's only remedy under this clause.

For the purposes of this clause, Structural Fault/s are defined as actual physical damage to the designated load-bearing elements of the premises, which in turn renders the premises unsafe or unliveable.

Faults exceeding specified value

1. The Buyer/s may, in its/their absolute discretion, arrange for a registered builder and/or engineer to inspect the premises on or before 5:00 pm on ……./……./…….; and
   

2. In the event that the Buyer/s has/have received an unsatisfactory report which discloses faults with an estimated repair value exceeding $00.00, the Buyer/s is/are entitled to terminate this Contract in writing on or before ……./……./…….. For such purpose:
   
   (a) The Buyer/s must produce to the Seller a copy of the unsatisfactory report; and
   
   (b) The unsatisfactory report must clearly disclose the estimated value for repair of the faults/defects; and
   
   (c) Upon election to terminate, the Seller must immediately return to the Buyer/s the full Deposit. This being the Buyer’s only remedy under this clause.

Termination due to pests

1. The Buyer/s may, in its/their absolute discretion, arrange for a pest inspector to inspect the premises on or before 5:00 pm on ……./……./…….; and
   

2. In the event that the Buyer/s has/have received an unsatisfactory report which discloses an infestation of pests (including, but not limited to, termites, borers, white ants, birds, rats, mice, lice or otherwise), the Buyer/s is/are entitled to terminate this Contract in writing on or before ……./……./….... For such purpose:

(a) The Buyer/s must produce to the Seller a copy of the pest inspection report; and

(b) The unsatisfactory report must clearly disclose the type of pests; and

(c) Upon election to terminate, the Seller must immediately return to the Buyer/s the full Deposit. This being the Buyer’s only remedy under this clause.

Termination due to specified pests

1. The Buyer/s may, in its/their absolute discretion, arrange for a pest inspector to inspect the premises on or before 5:00 pm on ……./……./…….; and
   

2. In the event that the Buyer/s has/have received an unsatisfactory report which discloses an infestation of harmful pests (being defined as termites, borers, white ants and …), the Buyer/s is/are entitled to terminate this Contract in writing on or before ……./……./….... For such purpose:

(a) The Buyer/s must produce to the Seller a copy of the pest inspection report; and

(b) The unsatisfactory report must clearly disclose the type of pests; and

(c) Upon election to terminate, the Seller must immediately return to the Buyer/s the full Deposit. This being the Buyer’s only remedy under this clause.

Termination due to substantial damage caused by specified pests

1. The Buyer/s may, in its/their absolute discretion, arrange for a pest inspector to inspect the premises on or before 5:00 pm on ……./……./…….; and
   

2. In the event that the Buyer/s has/have received an unsatisfactory report which discloses Substantial Damage to the premises causes by harmful pests (being defined as termites, borers, white ants and …), the Buyer/s is/are entitled to terminate this Contract in writing on or before ……./……./….... For such purpose:
   
   (a) The Buyer/s must produce to the Seller a copy of the pest inspection report; and
   
   (b) The unsatisfactory report must clearly disclose which harmful pest caused the substantial damage; and
   
   (c) Upon election to terminate, the Seller must immediately return to the Buyer/s the full Deposit. This being the Buyer’s only remedy under this clause.
   
   For the purposes of this clause, Substantial Damage is defined as actual physical damage to a structure forming part of the premises, the cost of which to repair the damaged structure, and put it into its condition before the damage occurred, would exceed fifty (50) percent (%) of the market value of that structure and/or $............

Depost insufficient to provide for agent's commission

1. The Seller hereby discloses that the Deposit is insufficient to the provide for the Seller’s obligations to pay their agents fees and outlays regarding this sale. The seller further hereby irrevocably directs and permits the Buyer/s and/or its/their nominated solicitor to pay as part of the Balance Purchase Price at Settlement the balance of the agents fees and outlays as notified in writing by the agent from time to time. For such purpose, the Seller indemnifies the Buyer/s and/or its/their solicitor in complying with such written direction.

Release of Deposit for payment of another Deposit and/or Stamp Duty

1. The Buyer/s hereby acknowledge/s and agree/s that by its/their execution of this Contract, it/they irrevocably permit and authorise the Seller and/or any agent or solicitor to release to the Seller such part of the Deposit moneys as the Seller may require for the purpose of a Deposit and/or Stamp Duty on any parcel of real-estate that the Seller may wish to purchase commencing the date hereof and ending the date for settlement.​​​​​​

Investment of Deposit

1. The Buyer/s hereby irrevocably authorise/s the Seller and/or its agent or solicitors to invest the Deposit in an interest-bearing trust account. Any interest thereby earned or otherwise accrued on the Deposit (less costs, duties, fees, expenses or otherwise incurred in connection with such investment) will be paid to the Seller unless this Contract is otherwise lawfully terminated and/or rescinded by the Buyer/s in which case it will be paid and/or refunded to the Buyer/s.

Seller make seek and accept better offer (Sunset Clause)

1. The Buyer/s hereby acknowledges and agree/s that:

Contract conditional on Seller being released from prior contract

1. This Contract is subject to, and conditional upon, the Seller being released from the contract of sale by and between the Seller and …………………………………………………………... pertaining to the Property on or before 5:00 pm on ……./……./……. (“Release Date”); and
   
2. In the event that the Seller does not notify the Buyer/s in writing by the Release Date, then this Contract shall be at an end and the full Deposit shall be refunded to the Buyer/s (this being the Buyer’s only recourse under this clause).

Contract conditional on Seller purchasing another property

1. Completion of this Contract is subject to, and conditional upon, completion by the Seller of the purchase of a property and/or the construction of a house located at ………………………………………………………..…. in the State of …………………...., Australia being more particularly described as Lot …………. on ………………….., the contract for the purchase of which [has / is yet to be] exchanged; and
   
2. In the event that, for any reason whatsoever or howsoever arising, the said purchase does not proceed to completion within ………. months of the date hereof then the Seller may rescind this Contract in accordance with the provisions hereof. In such case the full Deposit shall be returned to the Buyer/s (this being the Buyer’s only remedy under this clause).

Selling the Property on an "as is" basis

1. The Buyer/s hereby acknowledges and agree/s that:
   
   (a) The Property is sold on an ‘as is’ basis; and
   
   (b) The Seller makes no representations, warranties or guarantees in respect of, or incidental to, the Property; and
   
   (c) The Buyer/s will not seek any compensation, raise a complaint or otherwise dispute any aspect of the condition of the Property; and
   
2. For the purposes of this clause:
   
   (a) Any Standard Conditions to the contrary are hereby severed insofar as the inconsistency; and
   
   (b) The Buyer/s shall be barred from bringing a claim, action, proceeding, application or otherwise as against the Seller or any other party to this transaction (including agents and solicitors) in a court, tribunal, commission or otherwise in respect of the Property; and
   
   (c) The Buyer/s hereby agrees to indemnify the Seller from any loss, damage, claim, cost (including on a solicitor and own client basis), proceeding or action as a result of, or incidental to, the Buyer/s taking the Property on an “as is” basis.

Non-compliant Structures

1. The Buyer/s hereby acknowledges and agree/s that:
   
   (a) The ……………………………. (hereafter referred to as the “Improvements”) on the Property do not have the necessary Council/Regulatory Approval; and
   
   (b) The Seller makes no representations, warranties or guarantees in respect of, or incidental to, the Improvements other than to make the disclosures herein contained; and
   
   (c) The Buyer/s will not seek any compensation, raise a complaint or otherwise dispute any aspect of the Improvements; and
   
   
2. For the purposes of this clause:
   
   (a) Any Standard Conditions to the contrary are hereby severed insofar as the inconsistency; and
   
   (b) The Buyer/s shall be barred from bringing a claim, action, proceeding, application or otherwise as against the Seller or any other party to this transaction (including agents and solicitors) in a court, tribunal, commission or otherwise in respect of the Improvements; and
   
   (c) The Buyer/s hereby agree/s to indemnify the Seller from any loss, damage, claim, cost (including on a solicitor and own client basis), proceeding or action as a result of, or incidental to, the Buyer/s accepting the Improvements without the necessary Council/Regulatory Approval.

Disclosure of flooding / other water issues

1. The Buyer/s hereby acknowledges and agree/s that:
   
   (a) The Property is, or may be, low-lying and affected by run off, retention of water and/or flooding;
   
   (b) The Seller makes no representations, warranties or guarantees in respect of, or incidental to the disclosures herein contained; and
   
   (c) The Buyer/s will not seek any compensation, raise a complaint or otherwise dispute any matter in respect of, or incidental to, the Property being, or potentially being, affected by run off, retention of water and/or flooding;
   
   
2. For the purposes of this clause:
   
   (a) Any Standard Conditions to the contrary are hereby severed insofar as the inconsistency; and
   
   (b) The Buyer/s shall be barred from bringing a claim, action, proceeding, application or otherwise as against the Seller or any other party to this transaction (including agents and solicitors) in a court, tribunal, commission or otherwise in respect of run off, water retention or flooding to the Property; and
   
   (c) The Buyer/s hereby agree/s to indemnify the Seller from any loss, damage, claim, cost (including on a solicitor and own client basis), proceeding or action as a result of, or incidental to, the Buyer/s accepting and agreeing to the matters contained within this clause.

Disclosure of major flooding events

1. The Buyer/s hereby acknowledges and agree/s that:

Waiver of Breach

1. No waiver of any breach of this Contract or any of the terms of this Contract will be effective unless that waiver is in writing and signed by the party who is waiving the breach. Further, no waiver of any named breach shall operate as a waiver for any other breach or subsequent breach.

Disclosing Seller as executor of estate but not registered proprietor

1. The Seller hereby discloses to the Buyer/s that it is the executor and/or trustee of the estate of the late registered proprietor; and
   
2. Completion hereof shall take place on the later of 42 days from the date hereof or 14 days after written notice to the Buyer/s that the Seller is, or has otherwise become, registered as proprietor; and
   
3. In the event that the Seller has not become the registered proprietor of the property within 112 days of the date hereof then either party may rescind this Contract in accordance with the provisions hereof, in which case the full Deposit must be returned to the Buyer/s (this being the Buyers only remedy under this clause).

Transmission by Death

1. This Contract is subject to, and conditional upon, the successful registration with the Department of Natural Resources and Mines of a transmission by death effecting registration of ownership of the Property in the name of the Seller as personal representative of the estate of the late proprietor of the Property (hereafter the “Condition Precedent") on or before the ……/……/……. (hereafter the “Registration Date") or such later date as the parties may agree to in writing; and
   
2. In the event that the Condition Precedent is not satisfied by the Registration Date, either party may terminate this Contract by written notice, in which case the full Deposit (any any other money thereby received by the Seller from time to time) must be returned to the Buyer/s (this being the Buyers only remedy under this clause).

Seller giving finance to the Buyer

1. The Seller has agreed to assist the Buyer/s in completion of this sale by lending to the Buyer/s the sum of $00.00 (the “Loan”) on security of a registrable mortgage over the Property prepared by the Seller’s solicitor at the cost of the Buyer/s. In such regard, the following shall apply to the Loan:

Jetties, pontoons and/or revetment walls

1. This Contract is, or may be, affected by a Council or other Regulatory Local Law dealing with maintenance of works in waterway areas;
   
   
2. The Seller hereby discloses to the Buyer/s that a jetty and/or pontoon and/or revetment wall is connected to the Land;
   
   
3. Pursuant to the Council or other Regulatory Local Laws, a person who is a responsible person for the jetty and/or pontoon and/or revetment wall, at that persons sole cost, must maintain and keep maintained the jetty and/or pontoon and/or revetment wall in a safe condition, good working order, good repair and condition or otherwise, including so that it can continue to perform its intended function;
   
   
4. The Seller herewith discloses to the Buyer/s that, to the best of its knowledge and understanding, there [is/is not] any outstanding notices from the relevant Council or other Regulatory Body in respect of the jetty and/or pontoon and/or revetment wall.

Termination due to Structural Faults

1. The Buyer/s may, in its/their absolute discretion, arrange for a registered builder and/or engineer to inspect the premises on or before 5:00 pm on ……./……./…….; and
   

2. In the event that the Buyer/s has/ahve received an unsatisfactory report which substantiates a Structural Fault with the premises, the Buyer/s and/or Seller is entitled to terminate this Contract in writing on or before ……./……./…….. For such purpose:
   
   (a) The Buyer/s must produce to the Seller a copy of the unsatisfactory report; and
   
   (b) The unsatisfactory report must clearly disclose a Structural Fault/s with the premises; and
   
   (c) Upon election to terminate on the basis of a Structural Fault, the Seller must immediately return to the Buyer/s the full Deposit. This being the Buyer's only remedy under this clause.

For the purposes of this clause, Structural Fault/s are defined as actual physical damage to the designated load-bearing elements of the premises, which in turn renders the premises unsafe or unliveable.

Faults exceeding specified value

1. The Buyer/s may, in its/their absolute discretion, arrange for a registered builder and/or engineer to inspect the premises on or before 5:00 pm on ……./……./…….; and
   

2. In the event that the Buyer/s has/have received an unsatisfactory report which discloses faults with an estimated repair value exceeding $00.00, the Buyer/s is/are entitled to terminate this Contract in writing on or before ……./……./…….. For such purpose:
   
   (a) The Buyer/s must produce to the Seller a copy of the unsatisfactory report; and
   
   (b) The unsatisfactory report must clearly disclose the estimated value for repair of the faults/defects; and
   
   (c) Upon election to terminate, the Seller must immediately return to the Buyer/s the full Deposit. This being the Buyer’s only remedy under this clause.

Termination due to pests

1. The Buyer/s may, in its/their absolute discretion, arrange for a pest inspector to inspect the premises on or before 5:00 pm on ……./……./…….; and
   

2. In the event that the Buyer/s has/have received an unsatisfactory report which discloses an infestation of pests (including, but not limited to, termites, borers, white ants, birds, rats, mice, lice or otherwise), the Buyer/s is/are entitled to terminate this Contract in writing on or before ……./……./….... For such purpose:

(a) The Buyer/s must produce to the Seller a copy of the pest inspection report; and

(b) The unsatisfactory report must clearly disclose the type of pests; and

(c) Upon election to terminate, the Seller must immediately return to the Buyer/s the full Deposit. This being the Buyer’s only remedy under this clause.

Termination due to specified pests

1. The Buyer/s may, in its/their absolute discretion, arrange for a pest inspector to inspect the premises on or before 5:00 pm on ……./……./…….; and
   

2. In the event that the Buyer/s has/have received an unsatisfactory report which discloses an infestation of harmful pests (being defined as termites, borers, white ants and …), the Buyer/s is/are entitled to terminate this Contract in writing on or before ……./……./….... For such purpose:

(a) The Buyer/s must produce to the Seller a copy of the pest inspection report; and

(b) The unsatisfactory report must clearly disclose the type of pests; and

(c) Upon election to terminate, the Seller must immediately return to the Buyer/s the full Deposit. This being the Buyer’s only remedy under this clause.

Termination due to substantial damage caused by specified pests

1. The Buyer/s may, in its/their absolute discretion, arrange for a pest inspector to inspect the premises on or before 5:00 pm on ……./……./…….; and
   

2. In the event that the Buyer/s has/have received an unsatisfactory report which discloses Substantial Damage to the premises causes by harmful pests (being defined as termites, borers, white ants and …), the Buyer/s is/are entitled to terminate this Contract in writing on or before ……./……./….... For such purpose:
   
   (a) The Buyer/s must produce to the Seller a copy of the pest inspection report; and
   
   (b) The unsatisfactory report must clearly disclose which harmful pest caused the substantial damage; and
   
   (c) Upon election to terminate, the Seller must immediately return to the Buyer/s the full Deposit. This being the Buyer’s only remedy under this clause.
   
   For the purposes of this clause, Substantial Damage is defined as actual physical damage to a structure forming part of the premises, the cost of which to repair the damaged structure, and put it into its condition before the damage occurred, would exceed fifty (50) percent (%) of the market value of that structure and/or $............

Depost insufficient to provide for agent's commission

1. The Seller hereby discloses that the Deposit is insufficient to the provide for the Seller’s obligations to pay their agents fees and outlays regarding this sale. The seller further hereby irrevocably directs and permits the Buyer/s and/or its/their nominated solicitor to pay as part of the Balance Purchase Price at Settlement the balance of the agents fees and outlays as notified in writing by the agent from time to time. For such purpose, the Seller indemnifies the Buyer/s and/or its/their solicitor in complying with such written direction.

Release of Deposit for payment of another Deposit and/or Stamp Duty

1. The Buyer/s hereby acknowledge/s and agree/s that by its/their execution of this Contract, it/they irrevocably permit and authorise the Seller and/or any agent or solicitor to release to the Seller such part of the Deposit moneys as the Seller may require for the purpose of a Deposit and/or Stamp Duty on any parcel of real-estate that the Seller may wish to purchase commencing the date hereof and ending the date for settlement.​​​​​​

Investment of Deposit

1. The Buyer/s hereby irrevocably authorise/s the Seller and/or its agent or solicitors to invest the Deposit in an interest-bearing trust account. Any interest thereby earned or otherwise accrued on the Deposit (less costs, duties, fees, expenses or otherwise incurred in connection with such investment) will be paid to the Seller unless this Contract is otherwise lawfully terminated and/or rescinded by the Buyer/s in which case it will be paid and/or refunded to the Buyer/s.

Seller make seek and accept better offer (Sunset Clause)

1. The Buyer/s hereby acknowledges and agree/s that:

Contract conditional on Seller being released from prior contract

1. This Contract is subject to, and conditional upon, the Seller being released from the contract of sale by and between the Seller and …………………………………………………………... pertaining to the Property on or before 5:00 pm on ……./……./……. (“Release Date”); and
   
2. In the event that the Seller does not notify the Buyer/s in writing by the Release Date, then this Contract shall be at an end and the full Deposit shall be refunded to the Buyer/s (this being the Buyer’s only recourse under this clause).

Contract conditional on Seller purchasing another property

1. Completion of this Contract is subject to, and conditional upon, completion by the Seller of the purchase of a property and/or the construction of a house located at ………………………………………………………..…. in the State of …………………...., Australia being more particularly described as Lot …………. on ………………….., the contract for the purchase of which [has / is yet to be] exchanged; and
   
2. In the event that, for any reason whatsoever or howsoever arising, the said purchase does not proceed to completion within ………. months of the date hereof then the Seller may rescind this Contract in accordance with the provisions hereof. In such case the full Deposit shall be returned to the Buyer/s (this being the Buyer’s only remedy under this clause).

Selling the Property on an "as is" basis

1. The Buyer/s hereby acknowledges and agree/s that:
   
   (a) The Property is sold on an ‘as is’ basis; and
   
   (b) The Seller makes no representations, warranties or guarantees in respect of, or incidental to, the Property; and
   
   (c) The Buyer/s will not seek any compensation, raise a complaint or otherwise dispute any aspect of the condition of the Property; and
   
2. For the purposes of this clause:
   
   (a) Any Standard Conditions to the contrary are hereby severed insofar as the inconsistency; and
   
   (b) The Buyer/s shall be barred from bringing a claim, action, proceeding, application or otherwise as against the Seller or any other party to this transaction (including agents and solicitors) in a court, tribunal, commission or otherwise in respect of the Property; and
   
   (c) The Buyer/s hereby agrees to indemnify the Seller from any loss, damage, claim, cost (including on a solicitor and own client basis), proceeding or action as a result of, or incidental to, the Buyer/s taking the Property on an “as is” basis.

Non-compliant Structures

1. The Buyer/s hereby acknowledges and agree/s that:
   
   (a) The ……………………………. (hereafter referred to as the “Improvements”) on the Property do not have the necessary Council/Regulatory Approval; and
   
   (b) The Seller makes no representations, warranties or guarantees in respect of, or incidental to, the Improvements other than to make the disclosures herein contained; and
   
   (c) The Buyer/s will not seek any compensation, raise a complaint or otherwise dispute any aspect of the Improvements; and
   
   
2. For the purposes of this clause:
   
   (a) Any Standard Conditions to the contrary are hereby severed insofar as the inconsistency; and
   
   (b) The Buyer/s shall be barred from bringing a claim, action, proceeding, application or otherwise as against the Seller or any other party to this transaction (including agents and solicitors) in a court, tribunal, commission or otherwise in respect of the Improvements; and
   
   (c) The Buyer/s hereby agree/s to indemnify the Seller from any loss, damage, claim, cost (including on a solicitor and own client basis), proceeding or action as a result of, or incidental to, the Buyer/s accepting the Improvements without the necessary Council/Regulatory Approval.

Disclosure of flooding / other water issues

1. The Buyer/s hereby acknowledges and agree/s that:
   
   (a) The Property is, or may be, low-lying and affected by run off, retention of water and/or flooding;
   
   (b) The Seller makes no representations, warranties or guarantees in respect of, or incidental to the disclosures herein contained; and
   
   (c) The Buyer/s will not seek any compensation, raise a complaint or otherwise dispute any matter in respect of, or incidental to, the Property being, or potentially being, affected by run off, retention of water and/or flooding;
   
   
2. For the purposes of this clause:
   
   (a) Any Standard Conditions to the contrary are hereby severed insofar as the inconsistency; and
   
   (b) The Buyer/s shall be barred from bringing a claim, action, proceeding, application or otherwise as against the Seller or any other party to this transaction (including agents and solicitors) in a court, tribunal, commission or otherwise in respect of run off, water retention or flooding to the Property; and
   
   (c) The Buyer/s hereby agree/s to indemnify the Seller from any loss, damage, claim, cost (including on a solicitor and own client basis), proceeding or action as a result of, or incidental to, the Buyer/s accepting and agreeing to the matters contained within this clause.

Disclosure of major flooding events

1. The Buyer/s hereby acknowledges and agree/s that:

Waiver of Breach

1. No waiver of any breach of this Contract or any of the terms of this Contract will be effective unless that waiver is in writing and signed by the party who is waiving the breach. Further, no waiver of any named breach shall operate as a waiver for any other breach or subsequent breach.

Disclosing Seller as executor of estate but not registered proprietor

1. The Seller hereby discloses to the Buyer/s that it is the executor and/or trustee of the estate of the late registered proprietor; and
   
2. Completion hereof shall take place on the later of 42 days from the date hereof or 14 days after written notice to the Buyer/s that the Seller is, or has otherwise become, registered as proprietor; and
   
3. In the event that the Seller has not become the registered proprietor of the property within 112 days of the date hereof then either party may rescind this Contract in accordance with the provisions hereof, in which case the full Deposit must be returned to the Buyer/s (this being the Buyers only remedy under this clause).

Transmission by Death

1. This Contract is subject to, and conditional upon, the successful registration with the Department of Natural Resources and Mines of a transmission by death effecting registration of ownership of the Property in the name of the Seller as personal representative of the estate of the late proprietor of the Property (hereafter the “Condition Precedent") on or before the ……/……/……. (hereafter the “Registration Date") or such later date as the parties may agree to in writing; and
   
2. In the event that the Condition Precedent is not satisfied by the Registration Date, either party may terminate this Contract by written notice, in which case the full Deposit (any any other money thereby received by the Seller from time to time) must be returned to the Buyer/s (this being the Buyers only remedy under this clause).

Seller giving finance to the Buyer

1. The Seller has agreed to assist the Buyer/s in completion of this sale by lending to the Buyer/s the sum of $00.00 (the “Loan”) on security of a registrable mortgage over the Property prepared by the Seller’s solicitor at the cost of the Buyer/s. In such regard, the following shall apply to the Loan:

Jetties, pontoons and/or revetment walls

1. This Contract is, or may be, affected by a Council or other Regulatory Local Law dealing with maintenance of works in waterway areas;
   
   
2. The Seller hereby discloses to the Buyer/s that a jetty and/or pontoon and/or revetment wall is connected to the Land;
   
   
3. Pursuant to the Council or other Regulatory Local Laws, a person who is a responsible person for the jetty and/or pontoon and/or revetment wall, at that persons sole cost, must maintain and keep maintained the jetty and/or pontoon and/or revetment wall in a safe condition, good working order, good repair and condition or otherwise, including so that it can continue to perform its intended function;
   
   
4. The Seller herewith discloses to the Buyer/s that, to the best of its knowledge and understanding, there [is/is not] any outstanding notices from the relevant Council or other Regulatory Body in respect of the jetty and/or pontoon and/or revetment wall.