What to look for in a section 32 / Vendor Statement

[Slade]

Just wondering, when you have interest in a property and you receive the Section 32.. what is it you need to be aware of, or look out for prior to putting in an offer?

[JamesGG]

Hiya,

It's important to note that at no point do you ever get to sign anything stating that you understand the s32. The autograph that goes somewhere between page two and five is simply to acknowledge that you've received a copy before signing a contract.

So, if you sign the s32 and a contract, and discover something later on, there may not be a lot of recourse available to you.

Your legal people should point anything of much concern, ideally, before you sign anything. But, I guess some of the things that you might like to look out for could include:

- covenants
- easements
- registered mortgages
- utility connections
- restrictions on title
- council zoning
- anything that looks 'different' to what you might have otherwise expected

Cheers

James.