When selling a property in Victoria, providing a Section 32 Vendor Statement is a legal requirement. This document, also known as a Vendor’s Statement, contains crucial information about the property that the buyer must review before signing a contract. It outlines details such as zoning restrictions, land title particulars, mortgages, easements, and any other conditions affecting the property. A properly prepared Section 32 statement ensures transparency and protects both the seller and the buyer from future disputes. It is essential to have this document reviewed by a professional to ensure all required details are accurately disclosed. Incomplete or incorrect information could lead to contract termination or legal consequences. Whether you are selling a residential or commercial property, working with an experienced conveyancer ensures that your Section 32 meets all legal requirements and provides buyers with a clear understanding of the property’s status. For a smooth transaction, engaging a professional for Section 32 Vendor Statement Geelong services is highly recommended.
