disclosure statement | Morris Legal Group

19 Nov

Louise Morris Posted in What's New

Strata Series: Material Changes and Disclosure Update Notices for Off-The-Plan Unit Sales

Over the course of a project things can change. These changes may count as a ‘material change’ rendering the Disclosure Statement inaccurate or incomplete. Where this happens, the seller must notify the buyer by giving the buyer a Disclosure Update Notice (DUN) setting out the details of the change to a matter set out in […]

11 Nov

Louise Morris Posted in What's New

Strata Series: New Requirements for Disclosure Statements for Off-The-Plan Unit Sales

Disclosure statements have been a feature of Contracts for Sale for several years now. Recent legislative reform introduces new requirements for Disclosure Statements (DS) for Off-the-Plan contracts. The new DS will need to include a broad cross section of information including information relating to the unit, entitlement, any subsidiaries, the proposed OC rules and the […]