What is the Section 32 Statement?
Before a property is sold, you must give the buyer a Section 32 statement. This document is usually prepared by your legal practitioner or conveyancer. The reason it is called a Section 32 statement is because the information it must contain is set out in section 32 of the Sale of Land Act 1962. The Section 32 statement contains information about the property’s title, including:
- mortgages
- covenants
- easements
- zoning
- outgoings including rates, etc
Why do I need conveyancing?
Put simply, it’s a necessary part of buying and selling property and land. The process can get quite complicated, fairly quickly, which is why you need the right support. Our team are specialists in property law and have all the expertise and experience to help you buy and sell lawfully and with ease.
What are searches?
Searches are files and information gathered from local councils and other authorities which tell you everything you need to know about a property or land. These searches reduce your risk when making a purchase by uncovering any existing debts, if the property is heritage listed, if the title deed is lawful and correct. Searches also allow us to discover any major construction plans nearby or limits to what you can and can’t do with the property
How are conveyancing fees estimated?
If you’re shopping around for a conveyancer, you might have noticed all the quotes are slightly different, but what affects the price? First of all, not every property is the same which means different paperwork, different councils and searches (as explained above). This results in a varied cost. The other expense is the lawyers and paralegals time, we have control over this, which is why we offer a flat fee even if things get complicated or there are surprise issues.