1 May 2017 saw the commencement of the Estate Agents Amendment (Underquoting) Act 2016 (Vic). This new legislation places extra obligations on real estate agents and their representatives when selling residential properties. The new provisions are designed to strengthen the laws against underquoting. The new requirements can be summarised as: Estimated selling price All new […]
Victorian pool fencing laws
All swimming pools and spas on residential properties in Victoria with a depth greater than 30cm (300mm) are required to be surrounded by a safety barrier (e.g. a pool fence). There are currently 3 sets of requirements for pool/spa barriers in Victoria – these are based on when your pool or spa was constructed: Before […]
Conveyancing Guide (Free eBook)
For most people, buying a house is the most important financial decision they will make so its best to understand everything about the house, the area and of course the legal issues involved in purchasing a home. This Conveyancing eBook is used as a guide to explaining the conveyancing process when buying a home. Conveyancing […]
Buying and Selling Property – it’s time to verify your identity (Victoria)
The Registrar of Titles announced new guidelines for verification of identity (VOI) on the 30th September, 2015. The guidelines set out in the announcement came into force on the 9th November, 2015, and it is now mandatory to meet the VOI requirements for all paper-based conveyancing in Victoria. Key dates for the new verification […]
What is a Section 32? (Victoria)
The Section 32 Vendor’s Statement is a legal document that originates from Section 32 of the Sale of Land Act, which requires vendor disclosure of certain information to prospective purchasers before a contract of sale is signed. Failure to provide the correct information in a Section 32 may mean the purchaser has a legal right […]
What is a vendor’s statement? (Victoria)
A vendor’s statement is a legal document required by section 32 of the Sale of Land Act (which is why the document is often referred to as a “section 32 statement”). The purpose of the vendor’s statement is to provide information about a property and its title to assist potential buyers. The information that is […]
