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WHAT IS A VENDOR STATEMENT?

By Emma Smith

This document sets out details about the property being sold such as:

  • Body corporate fees
  • Any planning details associated with the property
  • Payable taxes
  • Any encumbrances on the property

Again, it is recommended that you employ a conveyancer or lawyer to draw up the contract as any incorrect information can render the contract of sale invalid. As part of their research, they will conduct title, planing and rate searches.

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