The Letter to Cancel Real Estate Contract is an essential document in Australian property transactions when one party needs to terminate a property sale agreement. This document is used in various scenarios, including exercising cooling-off rights, responding to contract breaches, or when conditions precedent (such as finance or building inspections) are not met. The letter must comply with Australian property law and specific state/territory requirements, containing all necessary information to legally terminate the contract. It should clearly identify the property, reference the original contract, state the grounds for cancellation, and address any deposit or financial implications. This formal communication serves as official documentation of the contract termination and helps protect the rights of all parties involved.
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1. Sender's Details: Full name, address, and contact information of the party sending the cancellation notice
2. Date: Current date of the letter
3. Recipient's Details: Full name and address of the other party to the contract (seller/buyer) and their agent if applicable
4. Property Details: Complete address and legal description of the property under contract
5. Contract Reference: Details of the original contract including date of signing and any reference numbers
6. Cancellation Statement: Clear and unambiguous statement of intention to cancel the contract
7. Legal Grounds: Specific reason or legal basis for the cancellation
8. Closing: Professional closing, signature, and printed name of the sender
1. Deposit Return Request: Include when requesting the return of deposit money, specifying amount and preferred method of return
2. Breach Details: Include when cancellation is due to breach of contract, detailing specific violations
3. Cooling-off Period Reference: Include when cancellation is within the cooling-off period, citing relevant legislative provisions
4. Subject to Finance Clause: Include when cancellation is due to finance falling through, attaching relevant documentation
5. Building/Pest Inspection Results: Include when cancellation is based on unsatisfactory inspection results
6. Timeline of Events: Include when there's a need to establish a sequence of events leading to cancellation
1. Copy of Original Contract: Attached copy of the original real estate contract being cancelled
2. Supporting Documentation: Any relevant evidence supporting the grounds for cancellation (inspection reports, finance rejection letters, etc.)
3. Proof of Deposit Payment: Documentation showing deposit payment details if requesting refund
4. Communication Records: Copies of relevant previous correspondence regarding issues leading to cancellation
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Contract Administrator
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