Property information that a Seller must provide to a buyer in Canberra, Australia
The Australian Capital Territory leads the way with Seller disclosure in Australia. A Seller must provide the following documents to a buyer with the Contract of Sale. These are provided at the Seller’s expense however they can be reimbursed by the eventual purchaser.
A prominent Remax agent whose territory covers both ACT and New South Wales in Australia explained that their ACT (Canberra) listings sold on Average 2 weeks faster because the due diligence searches were readily available to the potential purchaser.
This is strong evidence that by providing a comprehensive property logbook, agents will be able to cut at least two weeks off the sales transaction time in other areas also allowing them to sell faster and with less stress for all the parties.
Savvy agents are seeing the time and cost savings of having the property searches done for the buyer and provided on a logbook.
Required document checklists in the ACT, Australia
Required documents for the sale of an existing residence:
1. a copy of the contract for the sale of residential property
2. a copy of the crown lease
3. a copy of the certificate of title
4. a copy of any encumbrance shown on the certificate of title
5. asbestos assessment report or asbestos advice
6. a statement about any encumbrance not shown on the certificate of title
7. a copy of the deposited plan
8. a copy of the following building conveyancing inquiry documents provided by the Environment and Planning Directorate:
– certificate of occupancy
– survey certificate
– approved building plans
– drainage plan
– building file summary sheet
9. a copy of the following lease conveyancing inquiry documents (if any exist) provided by the Environment and Planning Directorate:
– statement about heritage listing
– statement about outstanding rent under the crown lease
– statement about development applications affecting the property
– statement about breaches of the crown lease
– statement about any orders issued against the property
– statement about whether a compliance certificate (compliance with provisions of crown lease) has been issued
– statement about applications for dual occupancy
– contaminated land search
18. energy efficiency rating statement
19. building and compliance inspection report
20. pest inspection report.
Required documents for the sale of a new property and off-the-plan property:
a copy of the contract for the sale of residential property 2.
a copy of the crown lease 3.
a copy of the certificate of title 4.
a copy of any encumbrance shown on the certificate of title 5.
asbestos assessment report or asbestos advice 6.
a statement about any encumbrance not shown on the certificate of title 7.
a copy of the following lease conveyancing inquiry documents (if any exist) provided by the Environment and Planning Directorate:
– statement about heritage listing
– statement about outstanding rent under the crown lease
– statement about development applications affecting the property
– statement about breaches of the crown lease
– statement about any orders issued against the property
– a statement about whether a compliance certificate (compliance with provisions of crown lease) has been issued
– statement about applications for dual occupancy
– contaminated land search
energy efficiency rating statement
a copy of the deposited plan (but not for off-the-plan units).
Required documents for a unit in a multi-storey unit complex:
1. a copy of the contract for the sale of residential property
2. a copy of the crown lease
3. a copy of the certificate of title
a copy of any encumbrance shown on the certificate of title
asbestos assessment report or asbestos advice
a statement about any encumbrance not shown on the certificate of title
a copy of the units plan or proposed units plan
a copy of the certificate of title for the common property
a copy of the following lease conveyancing inquiry documents (if any exist) provided by the Environment and Planning Directorate:
– statement about heritage listing
– statement about outstanding rent under the crown lease
– statement about development applications affecting the property
– statement about breaches of the crown lease
– statement about any orders issued against the property
– compliance certificate (compliance with provisions of crown lease)
– statement about applications for dual occupancy
– contaminated land search
energy efficiency rating statement
a copy of the minutes of meetings of the owners’ corporation and executive committee for the last two years
a unit title certificate under the Unit Titles (Management) Act 2001.
Required documents for a townhouse/villa style unit:
1. a copy of the contract for the sale of residential property
2. a copy of the crown lease
3. a copy of the certificate of title
4. a copy of any encumbrance shown on the certificate of title
5. asbestos assessment report or asbestos advice
6. a statement about any encumbrance not shown on the certificate of title
7. a copy of the building conveyancing inquiry documents provided by the Environment and Planning Directorate:
– certificate of occupancy
– survey certificate
– approved building plans
– drainage plan
– building file summary sheet
8. a copy of the units’ plan or proposed units’ plan
9. a copy of the certificate of title for the common property
10. a copy of the following lease conveyancing inquiry documents (if any exist) provided by the Environment and Planning Directorate:
– statement about heritage listing
– statement about outstanding rent under the crown
– statement about development applications affecting the property
- statement about breaches of the crown lease
– statement about any orders issued against the property
– compliance certificate (compliance with provisions of crown lease)
– statement about applications for dual occupancy
– contaminated land search
11. energy efficiency rating statement
12. building and compliance inspection report
13. pest inspection report
14. a unit title certificate under the Unit Titles (Management) Act 2011.
Required documents for land:
1. a copy of the crown lease
2. a copy of the deposited plan
3. a copy of the certificate of title
4. a copy of any encumbrance shown on the certificate of title.
SOURCE: HTTPS://WWW.ACCESSCANBERRA.ACT.GOV.AU/APP/ANSWERS/DETAIL
