Preparing the Contract of Sale & Section 32

When selling a property in Victoria, the Contract of Sale and the Section 32 (Vendor’s Statement) are the most critical legal documents required before your property can be put on the market.

 This service involves:

• Drafting the Legal Framework: We draft a formal Contract of Sale that clearly defines the terms of the transaction, including the purchase price, deposit amount, settlement period (e.g., 30, 60, or 90 days), and any specific chattels or fixtures included or excluded from the sale.
• Including Special Conditions: Every property sale is unique. We tailor the contract with specific clauses to protect your interests—such as default interest rates, adjustments for land tax, or specific terms regarding the release of the deposit.
• Compiling the Section 32 (Vendor's Statement): By law, you must disclose certain information to potential buyers before they sign. We order and compile all necessary statutory certificates from relevant authorities, detailing:
  
  • Rates and taxes (Council, Water, Land Tax)
  • Zoning and planning overlays
  • Building approvals and owner-builder insurance (if applicable)
  • Easements, covenants, or restrictions on the land
  • An Owners Corporation certificate (if the property is a unit, apartment, or townhouse)
• Ensuring Full Legal Compliance: If a Section 32 is incomplete or contains inaccurate information, a buyer may have the right to withdraw from the contract at any time up until settlement. We ensure everything is meticulously gathered to lock in the sale securely.