What does a Section 32 Vendor Statement include?
The Section 32 (Vendor Statement) is a legal document required for sales in Victoria. It discloses key information about the property so potential buyers can make informed decisions. It typically includes:
- Title deeds and proof of ownership
- Planning/zoning certificates
- Outgoings (rates, body corporate, land tax)
- Services connected (water, gas, electricity)
- Mortgages or caveats
- Any building permits
Why the Section 32 Matters
- Ensures buyer can make an informed decision
- Failure to provide correct Section 32 can void sale
- Can delay contracts/settlement if incomplete
How to Prepare
- Appoint a licensed conveyancer or solicitor
- Ensure all supporting documents are collected pre-campaign
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