Get Seller Disclosure Statement
Starting 1 August 2025, all contracts for the sale of residential property in Queensland must include a Seller's Disclosure Statement for contracts dated on or after this date.
Form 2 is a legally required document that the seller must provide to the buyer before a property contract is signed. Known as the Seller Disclosure Statement (Form 2), it must be signed by both parties and contains key information about the property. This helps the buyer make an informed decision before committing to the purchase.
Previously, buyers were responsible for conducting their own checks after signing the contract. Under the new rules, sellers are now obligated to disclose essential details upfront. As a result, the Seller Disclosure Statement (Form 2) becomes a fundamental part of the property transaction process.
If the seller fails to provide accurate, complete, or legally compliant documents, the buyer may have the right to terminate the contract or seek compensation. In some cases, this termination right remains valid up to the settlement date.
What key certificates and searches should be included in Seller Disclosure Statement?
- Title information (e.g., easements, covenants, encumbrances)
- Zoning and planning regulations
- Flooding or environmental hazards
- Current rates and body corporate details
- Notices, approvals, or other matters affecting the property
