Monthly Archives: May 2008

Victoria’s Section 32 Statements – Tread Warily In This Conveyancing Minefield

Posted on May 19, 2008 by | 7 Comments
by Tim O’Dwyer M.A., LL.B Solicitor Consumer Advocate   Victoria’s solicitors have been informed by their Legal Practitioners’ Liability Committee (“LPLC”) that their mishandling of property conveyancing is one of the most costly sources of clients’ negligence claims. Whether acting for vendors or purchasers, conveyancing solicitors have been warned to be especially careful regarding Section 32 Statements.   Section 32 of Victoria’s Sale of Land Act 1962 requires vendors of real estate, before contracts...

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Barry Plant Real Estate – "Gazumping" Clause

Posted on May 6, 2008 by | 8 Comments
          It would appear that Barry Plant Real Estate has adopted the tactic of having a “gazumping” clause inserted into real estate contracts. We again warn consumers against allowing estate agents to tamper with the contract. A “gazumping” clause is a special condition which is inserted into a purchaser’s offer by an estate agent. Effectively, it allows a latecomer to the sale to submit a “bid” to the vendor. If the...

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