Everything you need to know about the new Seller Disclosure Form 2
The Queensland Real Estate Industry has a new seller disclosure form coming in to play from 1st August 2025 that will change the way Commercial Real Estate is sold.
This new Disclosure form will provide any interested buyer with information such as if the property:
- Has unregistered encumbrances or leases
- Has transport proposals and resumptions
- On the contamination and environmental protection register
- Is heritage listed
- Has been affected by flooding
- Has unlicensed building work under owner builder permit
- Has notices and orders
The new Form 2 must be completed by the owner and provided to a buyer prior to signing the contract of sale.
Property owners must complete the Disclosure Statement (Form 2) for any contract signed after 1st August 2025 regardless of when the appointment of agent (Form 6) was completed.
Any contract being signed and dated from 1st August 2025 where the buyer was not prior provided the Form 2 can withdraw from the contract at any time with no repercussions.
More information + Download the Form Here: https://www.publications.qld.gov.au/dataset/property-law-act-2023-forms/resource/7a1be178-d2d5-4744-9147-9699c04ee8d8
If you have any questions about the upcoming changes that will impact you as a Commercial Property Owner or Seller, contact our team on 07 3870 2555.