What is a section 32?
A Section 32 is a document that is used in the conveyancing process in New South Wales, Australia.
It is also known as the "Vendor's Statement of Sale" or "Statement of Information".
It is a legal document that is prepared by the seller's conveyancer and provided to the buyer's conveyancer and the buyer, which contains important information about the property being sold.
The information provided in the Section 32 includes:
Details of the property, such as the address, lot number, and dimensions.
Zoning and planning information, such as whether the property is in a flood zone or has any development restrictions.
Building information, such as the age of the property and any building permits that have been issued.
Any known defects or issues with the property, such as termite damage or a leaking roof.
Any outstanding encumbrances, such as mortgages or covenants on the property.
Any other information that may be relevant to the sale of the property.
The Section 32 is a crucial document for the conveyancing process, as it ensures that the buyer is fully informed about the property and any potential issues before making an offer.
It also helps to protect the seller from any potential legal issues that may arise after the sale.
It's important for the buyer to thoroughly review the Section 32 and raise any questions or concerns with the conveyancer or the seller.
Ready For a Fast Settlement?
- REAL ESTATE SALE, PURCHASE, TRANSFER & REFINANCE
- AFFORDABLE CONVEYANCING
- PROFESSIONAL FEES EXPERIENCE
- EXPERTISE THAT YOUR PROPERTY & YOU DESERVE
I cannot recommend Lorraine and her staff highly enough, I have used them twice now and the process was made so easy, always on hand to answer any questions, emails answered quickly.
Thank you again for your expertise.
Lorraine and her team have worked with me on several sales and purchases. They always kept me informed through the entire process and made it a stress free exercise, I would like to thank them for all their hard work