Queensland Seller Disclosure Statements Guide
Complete compliance guide for the QLD seller disclosure scheme now in effect. Learn Form 2 requirements and discover PayLater options for disclosure costs.
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Understanding Seller Disclosure Statements QLD
Queensland’s Property Law Act 2023 introduces mandatory seller disclosures. Here is everything you need to know about compliance and requirements.
Seller Disclosure Statement
(Form 2)
Mandatory disclosure document with property details
Title Searches and Zoning
Current title information and zoning restrictions
Flood Risk Information
Flood mapping and risk assessment details
Building Work Restrictions
Any limitations on future building work
Form 2, Seller Disclosure Statement Requirements
Form 2 is the mandatory seller disclosure statement under Queensland’s Property Law Act 2023. Understanding what is required helps ensure compliance and smooth transactions.
What must be disclosed
- Property title and ownership details
- Current zoning information and restrictions
- Flood risk assessment and mapping data
- Easements and encumbrances on the property
- Building work restrictions or limitations
- Any material defects or issues known to seller
Important, Consequences of non-compliance
Failure to provide accurate disclosure statements or omitting required information may allow buyers to terminate the contract before settlement. Ensure all information is complete and accurate.
While real estate agents can help prepare disclosure documents, consider legal advice for complex properties or situations.
PayLater Options for Disclosure Costs
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