HWLE property team contributes to redrafting of NSW Contract for the Sale and Purchase of Land
Market Insights
HWLE Partner Gary Newton and Special Counsel Maged Jebeile have contributed to the redrafting of the NSW Contract for the Sale and Purchase of Land (Contract), a critical document for property owners in NSW. Newton and Jebeile sit on the Property Committee of the Law Society of NSW, which published the new Contract in March.
The 2026 Contract is now available to purchase and should be used in all NSW land sale contracts. The main change considers a new prescribed form of cooling off notice, which must be used in all contracts that are entered into and all exchanges made. If this does not occur, the purchaser has the right to walk away for the first two weeks after the contract date and receives a full refund of their deposit. If the new form is not used after 31 May 2026, buyers may escape a property sale if the seller has used the outdated 2022 edition.
More information on the key changes and implications of the updated Contract can be found in this article written by Newton and Jebeile, who were both involved in the redrafting of the 2026 Contract, and the drafting of earlier editions.
Subscribe for publications + events
HWLE regularly publishes articles and newsletters to keep our clients up to date on the latest legal developments and what this means for your business. To receive these updates via email, please complete the subscription form and indicate which areas of law you would like to receive information on.
* indicates required fields