What is a Section 32 Vendor Statement?

This document is known as either a Section 32 or a vendor’s statement. It is an important document prepared by your conveyancer that discloses to the buyer information relevant to the property being sold. This must include information such as restrictions on the use of land, covenants, easements and outgoings such as rates and any other notices known by the seller.

This document must be shared with any prospective buyer before a contract is signed.

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