There are two options here.  The first should be used where the purchaser needs to get a sale for their property.    The second should be used if the purchasers already have a conditional agreement for the sale of their property.   Note the red sentence in Option 1.  It has always seemd to me that a vendor signing an agreement subject to sale of the purchasers property is seriously disadvantaged and/or frustrated by not knowing the level of activity on the purchasers property.  This addition, or something very similar, addresses that concern.  Obviously it is merely an option for you and may be omitted.

 

 

Option 1:   Conditional upon the sale of the Purchasers property

 

This agreement is conditional upon the Purchaser entering into an agreement for the sale of the Purchasers property at
 

__________________________________________________________________  for $_____________
 
or such lesser sum as the Purchaser may accept and which contract becomes unconditional no later than 4pm on ____________
 
The Purchaser herein warrants to notify the Vendor or their Agent in writing of the terms and conditions of every offer presented to them, within one working day of becoming aware of such offer.
 
In the event that the Purchaser fails to notify the Vendor by 5pm on the said date that this condition has been satisfied then this agreement shall be voidable at the option of either party.


 

Option 2:   Conditional Upon The Purchasers Existing Sale Becoming Unconditional

 

This agreement is conditional upon the existing signed agreement for the sale of the Purchasers Property at
 

__________________________________________________________________

 

becoming unconditional on or before the ___________________________________

 

In the event that agreement fails to become unconditional by the stated time then this agreement shall be voidable at the option of either party by the giving of notice in writing to the other. 

 

 

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