What Is Vendor Statement?

Vendor statements, also known as a section 32, are documents that tell potential buyers what they need to know about a property before signing a contract to purchase.

What is included in a vendor statement?

A vendor's statement – also known as section 32 – is a document that tells potential buyers certain things about the property title they should know before signing a contract to purchase. A vendor's statement discloses information not readily found by inspecting a property.

What is vendor account statement?

You can produce vendor statements to show the position of your account with them and to help you keep track of your account balance. The statement shows all transactions and the total invoiced to you between a date particular date range.