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What is a vendor statement?
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 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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