If you're planning to sell your home, unit, or investment adelaide property Conveyancers in Conveyancers adelaide south australia, there’s one crucial document you’ll hear a lot about: the Form 1. This legal disclosure statement plays a key role in every property sale and getting it right can be the difference between a smooth settlement and a legal headache.
At Elite Conveyancing, we help Conveyancers adelaide south australian sellers meet their obligations with confidence. In this blog, we break down exactly what the Form 1 is, why it matters, and how we can assist you in preparing it correctly.
What Is a Form 1?
The Form 1—also known as the Vendor’s Statement—is a legal document required under the Land and Business (Sale and Conveyancing) Act 1994 (SA).
It discloses important information about the property to potential buyers, including:
- Zoning and council information
- Easements and encumbrances
- Caveats or mortgages
- Any registered interests
- Community or strata details (if applicable)
- Rates and taxes owing
In short, it tells the buyer exactly what they’re purchasing—beyond just what they can see.
When Is It Required?
The Form 1 must be served to the purchaser before the cooling-off period begins. If it’s not correctly served, the cooling-off period may not start—causing legal delays or giving the buyer grounds to cancel the sale.
Why Is It So Important?
A faulty or incomplete Form 1 can lead to:
- Delays in settlement
- Buyers pulling out of the contract
- Legal disputes over undisclosed information
- Penalties or fines for the seller
That’s why having a professional, experienced conveyancer prepare your Form 1 is critical.
What’s Included in a Form 1?
Some of the key information typically disclosed includes:
- Title details
- Registered mortgages or caveats
- Easements (e.g. shared driveways, water access)
- Zoning information from the local council
- Council and SA Water rates
- Community title or strata corporation levies
- Details of any orders affecting the property (e.g. heritage listings, encumbrances)
Who Prepares the Form 1?
While real estate agents can sometimes assist, it’s highly recommended to have a licensed conveyancer handle it—especially if you're selling privately or want peace of mind. At Elite Conveyancing, we:
- Order and review all required statutory searches
- Prepare and serve the Form 1 to the purchaser correctly
- Ensure it meets all legal requirements
- Keep your sale legally compliant and on track
✅ How Elite Conveyancing Can Help
We’ve helped hundreds of Conveyancers adelaide south australia navigate property sales with confidence. Our team ensures your Form 1 is accurate, complete, and served on time—so you can focus on the bigger picture.
Whether you’re selling a family home, investment property, or vacant land, we’ll guide you through the entire conveyancing process with transparency and care.
? Ready to Sell?
Don’t let paperwork hold up your sale. Let Elite Conveyancing handle your Form 1 preparation and settlement process from start to finish.
? Contact us today for a no-obligation quote or visit eliteconveyancing.net.au to learn more.
