Vendors Statements

(SECTION 32 VENDORS STATEMENTS)

What is a Vendors Statement?

A Vendors Statement is a document prepared by the person selling a property and must be provided to a prospective purchaser prior to them signing the Contract. A Contract of Sale is not enforceable unless a Vendors Statement has been provided to the purchaser.

The function of the Vendors Statement is to inform the purchaser of certain particulars about the property. When a purchaser is deciding whether or not to buy a property, they will be shown a Vendors Statement by the selling agent. The Vendors Statement will include such information relating to rates, zoning, restrictions etc.

Who needs a Vendors Statement?

Any Vendor accepting a written offer for the sale of a property is required to produce a Vendors Statement. So if you are selling your property, you need to have a Section 32 Vendors Statement prepared. If you intend to sell your property, contact Home Conveyancing Reservoir and we can prepare your Vendor statement promptly.


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