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Selling House Divorce Agreement for Australia

Selling House Divorce Agreement Template for Australia

A comprehensive legal document used in Australian jurisdictions that combines elements of both family law and real estate transactions. This agreement outlines the terms and conditions for selling a jointly owned property as part of divorce proceedings, ensuring compliance with the Family Law Act 1975 and relevant state-specific property legislation. It details the rights and obligations of divorcing parties regarding the property sale, including price determination, proceeds distribution, cost allocation, and decision-making processes, while adhering to both federal family law requirements and state-specific real estate regulations.

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What is a Selling House Divorce Agreement?

The Selling House Divorce Agreement is a specialized legal document used in Australian jurisdictions when divorcing couples need to sell their jointly owned property as part of their separation settlement. This document becomes necessary when parties have agreed to sell their property rather than having one party retain ownership, requiring careful consideration of both the Family Law Act 1975 and state-specific property laws. The agreement typically follows either consent orders or financial agreements approved by the Family Court of Australia, and includes specific provisions for property valuation, sale procedures, division of proceeds, and ongoing maintenance responsibilities until sale completion. It serves as a crucial tool in ensuring clear communication and agreed procedures between divorcing parties, their legal representatives, and real estate professionals, while providing a legally enforceable framework for the property sale process.

What sections should be included in a Selling House Divorce Agreement?

1. Parties: Identification of both divorcing parties and their current legal status

2. Background: Context of the divorce proceedings, property ownership details, and reason for the agreement

3. Definitions: Key terms used throughout the agreement including property details, settlement terms, and relevant legal concepts

4. Property Details: Comprehensive description of the property being sold, including title details and encumbrances

5. Sale Terms: Agreed conditions for the sale including minimum price, marketing approach, and timeline

6. Division of Proceeds: How the sale proceeds will be divided between parties, including adjustments for existing mortgages or liens

7. Property Management Until Sale: Responsibilities for maintaining the property, paying expenses, and managing tenants until sale completion

8. Decision Making Process: Process for accepting offers and making decisions about the sale

9. Costs and Expenses: Allocation of costs related to the sale including agent fees, legal fees, and marketing expenses

10. Default and Remedy: Consequences and remedies if either party fails to comply with the agreement

11. Dispute Resolution: Process for resolving any disputes that arise during the sale process

12. Execution: Formal signing section including independent legal advice certificates

What sections are optional to include in a Selling House Divorce Agreement?

1. Temporary Occupancy: Terms for one party's continued occupancy of the property until sale, if applicable

2. Mortgage Arrangements: Special arrangements regarding existing mortgages, if any party is taking over payments

3. Tax Considerations: Specific arrangements for handling capital gains tax or other tax implications

4. Foreign Investment Provisions: Required if either party is not an Australian resident

5. Child Accommodation Considerations: Special provisions if the property sale affects children's living arrangements

6. Rental Income: Distribution of rental income if the property is currently tenanted

7. Existing Contracts: Handling of existing contracts related to the property (maintenance, lease, etc.)

What schedules should be included in a Selling House Divorce Agreement?

1. Property Title Details: Complete legal description of the property and title information

2. Current Property Valuation: Professional valuation report or agreed value assessment

3. Outstanding Mortgage Details: Current mortgage statements and payout figures

4. Maintenance Schedule: List of required maintenance or repairs before sale

5. Cost Allocation Schedule: Detailed breakdown of how various costs will be shared

6. Settlement Adjustment Schedule: Calculations for adjustments of rates, taxes, and other outgoings

7. Independent Legal Advice Certificates: Signed certificates from each party's legal representative

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Australia

Publisher

Genie AI

Sector

Cost

Free to use
Relevant legal definitions












































Clauses



































Relevant Industries

Legal Services

Real Estate

Financial Services

Property Development

Professional Services

Family Services

Banking

Insurance

Relevant Teams

Legal

Real Estate

Property Services

Family Law

Conveyancing

Financial Advisory

Settlements

Compliance

Document Processing

Client Relations

Relevant Roles

Family Lawyer

Real Estate Agent

Conveyancing Lawyer

Property Lawyer

Legal Counsel

Divorce Mediator

Financial Advisor

Property Valuer

Settlement Agent

Mortgage Broker

Family Court Registrar

Legal Document Specialist

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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