> ## Documentation Index
> Fetch the complete documentation index at: https://help.kenekt.app/llms.txt
> Use this file to discover all available pages before exploring further.

# What Is a Single Contract Package?

## Overview

In the house and land industry, a single contract package means both the land and the build are being sold together under one legal contract. This differs from the typical two-contract approach where land and construction sales are separate agreements.

A single contract package functions as a turnkey offering where:

* One contract covers both land and construction
* A single vendor (typically a builder or developer) is the contracting party
* The builder/developer controls the land and delivers the completed home

## Single Contract vs Two-Part Contract

| Feature | Single Contract | Two-Part Contract |
| - | - | - |
| Contracts | One | Two (land + build) |
| Parties | One vendor | Land developer + builder |
| Land Ownership | Builder/developer until completion | Buyer after land settlement |
| Payments | Completion or staged progress | Land settles first, then progress payments |
| Financing | One loan for full package | Separate land and construction loans |
| Target Buyer | SMSFs | Owner occupiers, investors |

## SMSF Compliance Considerations

Self-Managed Super Funds face restrictions: they cannot enter construction loans, sign separate build contracts, or pay for partially completed properties. However, they may purchase completed dwellings under a single contract from an appropriate vendor.

Using a third-party entity to structure single contract packages can provide SMSF compliance by acting as a developer and delivering a completed turnkey product.

## Key Risks

Potential concerns include legal structure timing, cash flow management, builder insolvency, construction delays, and stamp duty implications. Each requires appropriate legal and financial safeguards.


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