Form 1 Requirement:

In South Australia, when selling a property, a Vendor is legally required to provide a Form 1 document to the Purchaser.

Content of Form 1:

The Form 1 includes information obtained from government searches. This information is crucial for the Purchaser to review during their cooling-off period, allowing them to make further inquiries if necessary.

Accuracy is Vital:

Ensuring the accuracy of the Form 1 is essential as any errors in the document can make it defective, potentially leading to the voiding of the sale contract.

Conveyancer's Role:

As a Conveyancer representing you the Vendor, our role is to work on your behalf and in your best interests. This includes mitigating risks associated with the Form 1 and ensuring a successful outcome for your property sale.

Experienced Team:

Our team has many years of experience and knowledge in handling property transactions, which ensures that the Form 1 is completed accurately and thoroughly, within a reasonable timeframe.

It's crucial for Vendors to be aware of these legal requirements to ensure a smooth and legally compliant property transaction.

Tuckfields Article has more info… What is a Form 1, why do I need it?