A Section 32 Statement that contains false information may provide the purchaser with the right to withdraw from the contract.

The consequences of an incomplete sale due to a defective Vendor’s Statement could be:

  • A second commission to a real estate agent.
  • You may then fall into breach of the purchase contract, therefore incurring penalties and costs.

Section 32 Statement

The utmost care is taken in preparation of the Section 32 Statement to ensure that the contract is not voidable. To facilitate an earlier release for the client, the Section 27 Statement is acted on immediately a sale is secured, as most of the work has been performed prior to the sale.

It is imperative that you engage a professional and experienced conveyancer, such as Advantage Conveyancing, to prepare your sale documentation.