What are prescribed documents? These are documents that must be included in a Contract of Sale in NSW according to The Conveyancing (Sale of Land) Regulation 2010 under Schedule 1 Prescribed Documents. The documents are prepared by the Vendor’s Conveyancer/Solicitor to inform the potential buyer of relevant information about the property the buyer needs to…
What is vendor disclosure? Vendor disclosure is where the Vendor warrants as at the date of the contract and except as disclosed in the contract: the property is not affected by any adverse Affectations according to the Conveyancing Act 1919 – Conveyancing (Sale of Land) Regulation 2010 – Schedule 3 – Prescribed warranties. A council Upgrade…
