Reference no: EM133362880

In this scenario, you have been contacted by John and Jane Smith, who are interested in purchasing a property.

They have provided you with the proposed Contract of Sale and Section 32 Vendor Statement, which you will need to review before meeting with them. Tomorrow, the Smiths will attend your office for a meeting, during which they will provide you with further instructions and expect you to provide some preliminary advice regarding the documents.

As their conveyancer, it is your responsibility to ensure that they have a clear understanding of the legal implications of the purchase and that their interests are protected throughout the conveyancing process.

Task

Review the Contract of Sale, and take the following steps:

Verify the accuracy and relevance of parties, property, information, and factual details.

Verify the accuracy and relevance of any annexures to the document.

Check the document or an annexure for compliance if it is required to comply with a procedural or formal requirement.

Check the document or annexure for compliance with statutory and practice requirements if it comprises a statutory or prescribed form.

Complete the Contract of Sale by filling out your details where applicable.

Add any applicable dates.

Identify information that you need to obtain from or provide to third parties or other professionals concerning the document.

Verify the document for compliance with statutory and practice requirements, especially if it comprises a statutory or prescribed form.

After reviewing the document, you must file note outlining your findings, including the key advice you will give to your clients in a letter of advice. The file note should cover the steps mentioned above to ensure that the Contract of Sale is reviewed thoroughly.