A single mistake in a Section 32 Vendor Statement can unravel an entire property transaction.
A defective Section 32 Vendor Statement doesn’t just slow things down - it opens the door to rescission of the contract of sale of land by the purchaser, delays, costly disputes, and the potential for a claim against the vendor’s solicitor.
Join Jamie McCallum, LPLC Prevention and Risk Manager, and Accredited Property Law Specialist, as he discusses the hidden risks when preparing Section 32 Vendor Statements and provides practical strategies to help practitioners navigate vendor disclosure.
Jamie will discuss:
- Consequences of a defective Section 32 Vendor Statement
- Common pitfalls that expose practitioners to avoidable claims
- Workflows and procedures that can minimise the risk of a defective Section 32 Vendor Statement
- Why obtaining certificates is a critical conveyancing risk management tool
- Advising vendors on their disclosure obligations under the Sale of Land Act 1962 (Vic)
- Understanding section 12(d) of the Sale of Land Act 1962 (Vic) / 'material facts', and the consequences of non-disclosure.
This seminar is suitable for paralegals through to senior lawyers and is a great refresher for conveyancing practitioners.
Presented by: Jamie McCallum, LPLC Risk Manager, and Accredited Property Law Specialist
CPD: 1 Substantive Law
