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Buying Property & Due Diligence
Article 23 of 74

The disclosure form is important - but it is not a home inspection.

The prescribed Immovable Property Condition Report records defects or conditions known to the owner. The form itself states that it is not a guarantee or warranty and is not a substitute for inspections a buyer may wish to obtain.

Insights›Buying Property & Due Diligence
PROPERTY INSIGHT 23 The disclosure form is important - but it is not a home inspection.

What to know

  • Read every answer and explanation before making an offer.
  • Ask follow-up questions about leaks, cracks, alterations, damp, roof work and recurring repairs.
  • Use an independent specialist where a technical concern could materially affect the decision.
  • Ensure the completed disclosure is handled as required in a practitioner-assisted transaction.
Professional advice

This guidance is general information. Where legal, tax, structural, compliance or regulated-work consequences may apply, obtain advice from an appropriately qualified professional for your circumstances.

Research anchorProperty Practitioners Act section 67 and Regulation 36.
Important Information

The information in Fabulous Homes Insights is provided for general property education and information. Property, tax, finance, sectional-title, rental, municipal and compliance matters can differ according to individual circumstances, contractual terms, scheme rules, municipal requirements and changes in law. Where necessary, readers should obtain advice from an appropriate attorney, conveyancer, tax practitioner, financial professional, property practitioner, engineer, inspector or other suitably qualified professional.

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