Adelaide Conveyancing

✨ WORD IN SPOTLIGHT ✨

Contract & Form 1 Vendor Statement

In South Australia, there are two important documents you’ll come across as either the buyer or seller; the Contract of Sale and the Form 1 Vendor Statement

📄 Contract of Sale
This is the legal agreement between buyer and seller which outlines and contains the terms of the purchase including price, settlement date and any special conditions

📑 Form 1 Vendor Statement
Required under SA legislation, the Form 1 contains all relevant and important information about the property including but not limited to title details, easements, council development approvals and other matters that may affect the land

It’s important to remember that these documents are legally binding and contains critical information that can impact the property purchase – which is why having a conveyancer review the documents before signing is so important

We help explain everything clearly, identify any concerns, and ensure you understand exactly what you’re signing ✍️🏠

📞 (08) 8358 5111 | 📩 [email protected]
🌐 www.adelaideconveyancing.com.au