Vendor Checklist | What to include in your Section 32

As a seller, you must provide a Section 32 when selling your property.

A list of disclosure requirements exists under the Sale of Land Act (VIC). Rather than bore you with all of them, see below for what is commonly required:

1. Title Search
2. Copy of the Registered Plan and copies of specific dealings registered on title
3. Council Rates Certificate (also known as a land information certificate)
4. Water Certificate
5. A Building Defects Report, where there has been owner builder works (also known as a 137B Report); 
6. Property Planning Report
7. Notices, Orders, Declaration Reports, including if road widening works
8. Building Permits issued in the preceding 7 years
9. Owners Corporation Certificate (for strata titles)

Getting your disclosure right is crucial to avoid preparing a defective Section 32.

What does a defective Section 32 mean?

A defective Section 32 means that, as a seller, you have yet to supply all the information required to be provided to the buyer. As such, the buyer may (i) terminate the sale contract, even if the property was purchased at auction, and (ii) request a full refund of all monies/deposits they have paid.

Unsure whether you have made all the disclosures required by law? Contact us at Legalled and let us guide you through.