What is a Section 32 Vendors Statement

A Section 32 is just another name for vendor’s statement. Think of it as a perspective for a property. It’s a disclosure by the seller of a property and contains important information about the property such as zoning, the title details and measurements, rates and outgoings. When you’re selling in Victoria, you must at your own expense provide a section 32 to the purchase side. When you’re buying you must be provided with a copy of a section 32 by the seller before making an offer. We strongly recommend that you have this section 32 reviewed by a fully licensed conveyancer before signing the contract of sale.

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