A Section 32 is or Vendor Statement is document containing information about a property that the seller (vendor) is legally required to provide to a buyer (purchaser) prior to the signing of a Contract of Sale.
It must disclose all information that affects the property that would not be obvious during an inspection, including information that may affect the decision of a potential buyer.
Information that should be included:
- Title search
- planning information and reports
- sewer plan
- building permits, including owner building works, if applicable
- council and water rate notices
- owners corporation certificates, if applicable
Categories:
Buying,
First Home Buyer,
Selling
