Vendor Statement Section 32

This statement must be signed by the vendor or an agent of the vendor.

Vendor statement section 32. This statement must be provided to the purchaser before the signing the contract of sale. The section 32 is a legal document provided by the seller vendor to an intending purchaser. The document ultimately serves to disclose to the buyer information that could impact their decision to purchase the property.

This is colloquially called a section 32 statement or a vendor statement. Section 32 of the sla requires a vendor selling real estate to provide certain written information to the purchaser before the purchaser enters into the sale contract. A vendor s statement also known as section 32 is a document that tells potential buyers certain things about the property title they should know before signing a contract to purchase.

The section 32 vendor statement section 32 must be prepared by or on behalf of the vendor and served on any person who wishes to purchase the vendor s property before the contract of sale is signed. Section 32 vendor s statement section 32 of the sale of land act requires the vendor to disclose certain matters to the purchaser before the purchaser enters into the contract. A vendor s statement discloses information not readily found by inspecting a property.

A section 32 or vendor s statement is a document that discloses any information that could affect the land being sold in a property transaction.