The “Additional Contract Information” portion of the sales contract for units is required due to section 223 BCCM Act. This states that the seller warrants to any buyers that the common property of the body corporate is free from latent and patent defects except for fair wear and tear and what is disclosed in the contract.

This is an implied warranty statement.

We complete implied warranty searches at a cost of $300, or $250 if completed in conjunction with a form 2 seller disclosure statement or form 18 / 33 body corporate certificate.

To order go to Services / Form 2 Seller Disclosures and Body Corporate Certificates / S223 Implied Warranty Search