A mandatory disclosure is a mandatory (compulsory) document
when the where the Landlord/ Owner discloses to the Tenant / Purchasers any
latent (obvious) or patent (not obvious) information regarding the condition of
the property which may have a bearing on whether the Tenant / Purchasers makes
an offer to rent / buy the Premises.
A mandate agreement cannot
be accepted unless the Mandatory Disclosure Form is completed and signed by the
landlord. This is regulated by section 67 of the Property Practitioners Act.
The Landlord’s Disclosure does not provide any warranties
and does not negate the requirement for completing a joint incoming and
outgoing Inspection Document.
Please note: the wording in this document is
prescribed in the regulations to the PPA and can be subject to audit and fines
if not used as required.
We are aware that the prescribed form only refers to sales,
however the latest versions of the form in your Pack has been amended to suit
rentals and sales.
Please always ensure you are using the latest version.