Its name comes from Section 32 of the Sale of Land Act, which requires a vendor to provide certain information to a purchaser BEFORE a contract of sale is signed. The Section 32 is a document provided by the seller of real estate (vendor) to an intending purchaser. ![]() Vendors and the Section 32 Statement > Purchasers and the Section 32 Statement > Section 32 Searches and Certificates > How long does it take to prepare the Section 32?Ĭan digital signatures be used to sign a Section 32? NOTE: For a detailed breakdown of the specific requirements of Section 32 see “ Section 32 Explained – A Guide For Consumers or CLICK HERE ![]() On this page we begin with general FAQs about the Section 32 Vendor Statement, followed by more specific FAQs tailored to Purchaser and Vendors and how the Section 32 Vendor Statement affects each. There are serious consequences for the vendor if this procedure is not followed. The Section 32 Vendor Statement (Section 32) must be prepared by, or on behalf of, the vendor, and served on any person who wishes to purchase the vendor’s property before the contract of sale is signed. Section 32 Vendor Statement FAQ What is a Section 32 Vendor Statement?
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |