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This form is primarily required to be filed by vendors selling residential properties in Victoria, Australia. It serves as a disclosure statement that must be provided to prospective purchasers before they sign a contract. Real estate agents, property developers, and individual sellers are among those who typically utilize this form to comply with legal obligations under the Sale of Land Act 1962.
The Section 32 Vendor Statement must be completed and signed by the vendor prior to the sale of the property. It should be delivered to the purchaser at least one day before they sign any contract. The document must include various disclosures about the property, including financial matters, land use restrictions, and any notices from public authorities.
To submit this form, follow these steps: first, obtain a template of the Section 32 Vendor Statement from DocHub or another reliable source. Next, fill out all required sections accurately. After completing the form, ensure it is signed by both parties. Finally, deliver either a printed copy or an electronic version via email to the purchaser before they sign any contracts.
It's essential for vendors to ensure that all information disclosed in this statement is accurate and up-to-date. Failure to provide complete or truthful information can lead to legal repercussions or disputes post-sale. Additionally, vendors should consider consulting with legal professionals or conveyancers when preparing this document.
