VicInvestorMember@vicinvestorJoin Date: 2013Post Count: 2
Do you require Section 32 statement to legally enter into Call option over Real Estate?
Which laws outline the regulations relating to options contracts?TerrywParticipant@terrywJoin Date: 2001Post Count: 16,173
S32 only applies in VIC.
Yes. You will need a valid contract of sale at the time of the option. You need to know what you are agreeing to when the time comes to exercise.fragarcolinMember@fragarcolinJoin Date: 2013Post Count: 16
Definitely you require it….Richard TaylorParticipant@qlds007Join Date: 2003Post Count: 12,010
Yes in Vic you will need one.
Also remember in Vic Stamp duty is paid on the option premium.
Yours in Finance
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