Section 32 Sale Of Land

The reason it is called a section 32 statement is because the information it must contain is set out in section 32 of the sale of land act 1962.

Section 32 sale of land. And under the act the person selling must disclose all information affecting the land they are selling. The name is derived from section 32 of the sale of land act in victoria. This government act requires a seller to provide specific information to a buyer about the property in question before they sign the contract of sale.

Financial matters in respect of the land to be disclosed in section 32 statement 32b. The section 32 is a legal document provided by the seller vendor to an intending purchaser. A section 32 vendor statement refers to the legal document given by the seller to the potential buyer.

The document gets its name from being section 32 of the sale of land act. Though the proper name for this document is a vendor s statement it is referred to as a section 32 because it is implemented by section 32 of the sale of land act. It is important to remember that a section 32 statement is not a contract of sale.

Statement of matters affecting land being sold 32a. It is an important document that must be given to any intended purchaser. Some of these homes are hot homes meaning they re likely to sell quickly.

This document must be handed over to the intended purchaser of the property. As part of the sale of land act a section 32 statement is intended to provide a purchaser with relevant information that may affect their decision to sign a contract of sale. It s a legal document given by the seller of a property to the interested purchaser.

Validation of notice given to estate agent division 2 section 32 statement 32. Also known as a vendor s statement the section 32 statement is an important part of any real estate transaction. Essentially this document contains all the information about the property that is required by law that the seller must provide to the buyer.