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Vendor Statements
(ALSO KNOWN AS SECTION 32 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 Right Choice Conveyancing, and we can prepare your Vendor statement.
Disclaimer: The information provided on the Right Choice Conveyancing web site is not intended to be legal advice. Many factors unknown to us may affect the applicability of any statement or comment that we make on the Right Choice Conveyancing web site to your particular circumstances.