Land regulations in Darwin place certain obligations on sellers to ensure transparency. Sellers are legally obligated to provide a vendor’s statement which includes important information about the property. This includes zoning information, Aboriginal land rights, declaration of legal disputes and claims as well as body corporate information if applicable. To make the process easier, territory conveyancing firms like Tschirpig Conveyancing provide expert legal assistance to ensure compliance and to make the property sale process easier. Discussed below are examples of what sellers are obligated to disclose.
Advice for Property Sellers
As legal professionals, we encourage sellers to be transparent in order to build trust and prevent legal disputes. Consulting with a Northern Territory conveyancing professional can help you prepare a high quality statement that is fully compliant with state law. Before initiating a sale, be sure to provide all supporting documents such as certificates, permits and other disclosures.
Zoning Information
Zoning laws greatly impact the way in which a buyer can use a property. The vendor’s statement should, therefore, include the property’s zoning as outlined by the Northern Territory Planning Scheme (NTPS). It is always recommended that you consult with a territory conveyancing expert before submitting a vendor’s statement to a buyer.
Legal Disputes or Claims
Sellers are required to declare all legal claims and Native Title issues that impact the property. Legal disputes greatly delay the sale process and could also alter the way in which a property can be used.
If you’re looking for clarity on the implications of legal disputes, contact our territory conveyancing team today.
What Else Should a Vendor’s Statement Include?
As experts in territory conveyancing in Darwin, we take pride in advising our clients on how best to draft a vendor’s statement. Here’s a handy checklist for information the statement should include:
- Relevant information about Aboriginal land rights and Native title rights
- Title details such as type of title
- Easements, mortgages and restrictions affecting the property
- Information about outstanding council rates, water charges and additional taxes
For more information on the specifics of Northern Territory conveyancing, contact our friendly team of legal experts today!
Legal Professionals for Territory Conveyancing in Darwin
When it comes to ensuring the best outcomes for property matters in Darwin, it is always advisable to consult with Northern Territory conveyancing professionals who can ensure compliance and transparency. Contact Tschirpig Conveyancing for advice on how to structure a vendor’s statement.
