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 do. If you intend to sell your property, contact Home Conveyancing Reservoir and we can prepare your Vendor statement within 24 to 48 hours.