A RealRenta Landlord’s Guide to Conveyancing terms.

Legal conveyancing terms may seem a little overwhelming so here is a quick overview of the most commonly used terms:

• Section 32

A contract of sale in Victoria cannot be signed until the Section 32 has been prepared and signed by the Vendor.

A section 32 contains:

- The Vendor’s details

- Title details

- Information on any building works done in the past 7 years

- Particulars of mortgages

- information regarding covenants, easements and other restrictions on title

- planning information

- rates information

- disclosure of notices/orders regarding fencing, road widening & sewerage

- access to the property by road

- information on services not connected to the property


 * Cooling Off

The Cooling Off period is a consumer protection provision that gives you the chance to "cool off” from your decision to purchase.

Cooling Off periods do not apply to auctions and where it does apply, it is generally 3 clear business days of a buyer signing the contract.

• Conditions of a Contract

General Conditions are standard terms which cover many of the most important aspects of a standard transaction.

Special Conditions are included to cover each party’s specific needs and can sometimes override the Standard Terms in the contract.


Join the growing number of smart Aussie property investors cutting out the expensive middlemen.

Use RealRenta instead and get your rental income paid directly into your Bank Account.

See how easy it is!

Try RealRenta now for Free for up to 2 months and you will NEVER pay a Property Manager again:

Start your Free trial here: https://app.realrenta.com/Signup.aspx

Need a property loan?

Contact us @ propertyloans@realrenta.com

Jason Gwerder
Monday, 23 September 2019

Join our mailing list Receive Free Property Tips and news

Now Partnered With


Contact Us

1300 11 RENT (7368)