Section 32 Vendor Statements Explained (and Red Flags to Watch For)
The Section 32 Vendor Statement is one of the most important documents in a Victorian property purchase, and one of the least understood. It is where a lot of the real information about a property lives, and where the problems tend to hide.
Named after section 32 of the Sale of Land Act 1962, it is a statement the seller must give you before you sign. Here is what it contains and what to look out for.