Clause Glossary

Tasmania Property Contract Clauses

Understand every clause before you sign. Each entry explains the legal risk in plain language.

Tasmania’s Contract of Sale and vendor disclosure pack differ from mainland states. Cooling-off and condition timelines are shorter on many deals—diary every deadline before you exchange.

Common contract form: Tasmanian Contract of Sale

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Search this Tasmania glossary by clause name, buyer-risk phrase, or a practical question to jump to the matching clause guide.

1Critical Risk

As Is Where Is

Building and Pest Inspection

Cooling-off Period

Easement on Title

Seller Disclosure Obligations (TAS)

Subject to Finance

Time is of the Essence

Unapproved Structures

Unconditional Contract

2Deposit & Default

Buyer's Default

Default Interest Rate

Forfeiture of Deposit

Liquidated Damages

Release of Deposit

Rescission of Contract

Seller's Default

3Title & Due Diligence

Caveat on Property

Encumbrances

Flood Zone Property

Heritage Overlay

Joint Tenancy vs Tenants in Common

Title Search

4Settlement & Condition

Final Pre-Settlement Inspection

Fixtures vs Chattels

Property Damage Before Settlement

Risk Passes to Buyer

Settlement Date Extension

Tenant in Situ

Vacant Possession

5Special Clauses

Auction Conditions (TAS)

Electronic Settlement (PEXA)

Land Tax Clearance

Requisitions on Title

Sunset Clause

Start here: Critical Risk clauses

As Is Where Is Building and Pest Inspection Cooling-off Period Easement on Title Seller Disclosure Obligations (TAS)Subject to Finance Time is of the Essence Unapproved Structures

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