Letter of Advice

I am a conveyancer of Victoria and I am contacted by Alice and Matt Habur, of 3 Garden Street, Coburg who have decided to purchase an "off-the-plan" property. They have provided me with the proposed Contract of Sale and Section 32 Vendor Statement.

Please help me to draft a Letter of Advice to the clients providing detailed information and advice about the Contract of Sale and Section 32 Vendor Statement(Please refer to the attached pictures). In your explanation, please provide the necessary content for each item individually and in sequence, ensuring that no information is omitted. Also, please be sure to give a specific response based on the content of the contract picture I uploaded, I don't need brief and generalized answers that don't make any sense and will lead me to give bad feedback.

The Letter of Advice must: 1. Outline the significance of a Contract of Sale and Section 32 Vendor Statement including the nature and purpose of each document. 2. Discuss the use of precedents, particularly general conditions and Section 32 Vendor Statements and how their use applies to the documents provided. 3. Duty concessions or exemptions and advise them if they will qualify for any concession or exemption(considering if they are first home buyer). 4. Identify and assess rights, responsibilities and liabilities of all parties, expressed or implied in the document. 5. Identify any lack of conformity with client's initial instructions and any gaps, lack of certainty or ambiguity in the language. 6. Identify any non-compliance with legal principles within the document. 7. Assess legal and non-legal issues and risks to the client arising from the document. (Please give at least five issues) 8. Interpret extent to which the document does or does not protect the interests of the client. 9. Advise on the benefits or otherwise of title insurance. 10. Interpret key terms or points for negotiation with third parties or other professionals.

11. Identify information to be obtained from or provided to third parties or other professionals in relation to the document. 12. Check that the documents conform with the client's instructions and provide advice to rectify any lack of conformity. 13. Identify if the property will be part of an owner's corporation and the statutory requirements of owner's corporations. 14. Legal interests of the client in relation to the subject matter of the document. 15. Terms essential to protect the client's interests. 16. Non-legal interests and other needs of the client in relation to the subject matter of the document. 17. Identify insurance requirements of the Section 32 Vendor Statement. 18. Identify who carries the risk of the property and what, if any, what kind of insurance should be in place. 19. Invite the client to meet with you to sign the documents and provide instructions for signing if they choose to sign in their own time including a discussion of rules governing signing and witnessing of documents. 20. Advise your client of alternative courses of action including outlining legal and non-legal consequences for the alternatives. 21. Refer client to other professionals for advice on appropriate course of action, where required.

16:11 85 Contract of Sale-Off The Plan-Habur.pdf ... NOTICE TO PURCHASERS OF PROPERTY OFF-THE-PLAN Off-the-plan sales (Section 9AA(1A) of the Sale of Land Act 1962) the contract of sale and the day on which you become the registered proprietor of the lot. You may negotiate with the vendor about the amount of the deposit moneys payable under the contract of sale, up to 10 per cent of the purchas The value of the lot may change between the day on which you sign the contract of sale of that lot and the day on which you become the registered proprietor. A substantial period of time may elapse between the day on which you sign Particulars of sale Vendor's estate agent RELIANCE REAL ESTATE- TARNEIT Shop 15, Tarneit Shopping Centre CTR, Derrimut Road, Tarneit, Victoria 3029 Tel: Mob: 0451 033 321 Fax: Ref: Keith Bhojwani Vendor SODDER BUILDING & DEVELOPERS PTY LTD. (A.C.N. 612 950 535) 119 JUNIPER AVENUE, POINT COOK, VICTORIA 3030 Email: Vendor's legal practitioner or conveyancer Vernon da Gama and Associates 28 Fromer Street, Bentleigh VIC 3204 Email: gavin@vaglawyers.com.au Tel: (03) 9503 8046 Mob: Fax: (03) 9503 8047 Ref: Sodder Building & Developers Purchaser Name: Ishita Habur and Assunta Habur Address: 1 Garden Street, Coburg VIC 3058 ABN/ACN: Email: Purchaser's legal practitioner or conveyancer Name: RMIT Conveyancing Address: 394 Swanston Street, Melbourne, VIC, 3000 Email conveyancing@rmitconveyancing.com.au Tel: (03) 9925 2000 Land (general conditions 3 and 9) The land is described in the table below - Certificate of Title reference being part of being lot On proposed plan Volume 09508 Folio 339 5 PS828507X OR described in the copy of the Register Search Statement and the document or part document referred to as the diagram location in the Register Search Statement, as attached to the section 32 statement if no title or plan references are recorded in the table above or as described in the section 32 statement if the land is general law land. The land includes all improvements and fixtures. Property address The address of the land is: LOT 5, on Proposed Plan of Subdivision PS828507X, 228-230 DUNCANS ROAD, WERRIBEE, VICTORIA 3030 Goods sold with the land (general condition 2.3(f)) (list or attach schedule) All fixed floor covering, existing window furnishings and light fittings of a permanent nature. Payment (general condition 11) Price $ 650,000.00 Deposit $ 65,000.00 payable 7 days after the Day of Sale Balance $ 585,000.00 GST (general condition 13) The price includes GST (if any) unless the words 'plus GST' appear in this box If this sale is a sale of land on which a 'farming business' is carried on which the parties consider meets requirements of section 38-480 of the GST Act or of a 'going concern' then add the words 'farming business' or 'going concern' in this box If the margin scheme will be use MARGIN SCHEME16:12 w = @E Contract of Sale-Off The Plan-Habur.pdf