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The Top 7 Things to Be Careful of When Selling a House
June 7, 2019
What is a Section 27?
August 3, 2019

What is a Section 32?

Published by Andrew Rothfield on July 2, 2019
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Section 32 of the Sale of Land Act 1962 (Vic) prescribes that a vendor must give a signed statement to the purchaser before the purchaser signs the contract.  The Vendor Statement must disclose the following matters:

  1. How much it costs to own the property, i.e. rates, taxes, owners corporation fees or other similar outgoings.
  2. If the vendor has done building work on a residence as an owner-builder, particulars of the required insurance if the total cost of the building work exceeds $12,000.
  3. Description of any easement, covenant or similar restriction on land use.  Disclosure if the land is in a bushfire prone area.  Details of the planning scheme.
  4. Details of any notice, order, declaration, report or recommendation of a public authority or government department or any approved proposal directly and currently affecting the land.
  5. Particulars of any building permit issued in the last 7 years for building work on a residence.
  6. If the property is affected by an Owners Corporation that is not inactive, then either a current Owners Corporation certificate must be provided, or the vendor must separately disclose the information that must be provided in such a certificate.
  7. If applicable, Growth Area Infrastructure Contribution (GAIC) details must be disclosed.
  8. If any of electricity, gas, water, sewerage or telephone is not connected, this must be disclosed.
  9. A Register Search Statement showing the vendor’s right to sell, and a copy of the plan.

If a vendor fails to supply any or all of the information required or any of the information is false and the purchaser is in a worse position because of this, then the purchaser can end the Contract at any time before settlement.  In addition, criminal penalties may be imposed on a vendor who knowingly or recklessly does this.

If you are looking for a reliable Melbourne conveyancing company, contact Glenferrie Conveyancing Northcote on 03 9815 2351 or Cranbourne North on 0415 190 080 for more information.

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Andrew Rothfield
Andrew Rothfield

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