Top Legal Risks for Sellers Under Queensland’s 2025 Disclosure Laws
While the new disclosure laws aim to simplify property transactions, they also introduce legal risks for sellers who fail to comply with the Seller Disclosure Statement requirements for real estate transactions.
Common Pitfalls:
- Incomplete Disclosures: Omitting required documents or information can lead to contract termination.
- Outdated Certificates: Providing old or expired certificates may invalidate the disclosure.
- Misrepresentation: Inaccurate statements, even if unintentional, can result in legal action.
Legal Consequences:
- Contract Termination: Buyers may walk away from deals if disclosures are missing or incorrect.
- Financial Loss: Sellers may incur costs from failed sales or legal disputes.
- Reputational Damage: Non-compliance can harm a seller’s standing in the market especially where they are required to re-sell the property
To mitigate these risks, sellers should work closely with legal and real estate professionals to ensure full compliance.