Before you sell

You must give information about the unit, body corporate, and the development to potential buyers, before they agree to buying it. If you do not provide this information, or if it late or inaccurate, then the buyer may be able to delay settlement or cancel the sale and purchase agreement.

Make sure you understand your responsibilities under the Unit Titles Act 2010.

Unit Titles Act and Regulations

Get independent legal advice if you are unsure.

Getting legal advice

What the seller must do

Before you sell the property, you must give the potential buyer of the unit title 2 documents:

• a pre-contract disclosure statement (PCDS) and 
• a pre-settlement disclosure statement (PSDS). 

These give the buyer more information about the unit title.

Prepare a pre-contract disclosure statement

You must give the potential buyer of the unit title a pre-contract disclosure statement before they sign the sale and purchase agreement.

Get this prepared as early as possible before any marketing starts. Having it ready makes it easy for potential buyers to request it from you or your real estate agent.

Check that the pre-contract disclosure statement includes information about the:

• finances of the unit and body corporate
• maintenance information
• governance information
• remediation, defects and legal proceedings, if any.

A full list of the information that must be included is in the section on pre-contract disclosure statements.

Unit title pre-purchase disclosure statements

The buyer may be able to cancel the sale and purchase agreement or delay settlement if you do not give them the pre-contract disclosure statement, or if it is late, incomplete or inaccurate.

Get legal advice if you are unsure of your rights and requirements.

Getting legal advice

After the sale and purchase agreement is signed

Prepare a pre-settlement disclosure statement

Once the sale and purchase agreement has been signed, you must give the buyer more information before the settlement date. This is called a pre-settlement disclosure statement.

You must give the buyer the statement at least 5 working days before the settlement date. (Working days exclude the period 25 December to 2 January, weekends and public holidays.)

This includes updated information such as:

• any unpaid fees (levies)
• any changes since the pre-contract statement.

Check what information is required in the section on pre-settlement disclosure statements.

Unit title pre-settlement disclosure statements 

The buyer may be able to cancel the sale and purchase agreement or delay settlement if you do not give them a pre-settlement disclosure statement, or if it is late, incomplete or inaccurate.

Get legal advice if you are unsure of your rights and requirements.

Getting legal advice

New to selling a unit title?

Our short guide explains body corporates and buying and selling unit titles.

Short guide to unit titles (2024) [PDF, 1.7 MB]

Getting legal advice

If you are unsure about your legal rights when you sell a unit title, you can get legal advice.

You can speak to your lawyer who is handling the sale of the property. The Settled website also has information on getting legal advice.

Getting help if things go wrong when selling — Settled(external link)

Selling a property

You can find more information about buying a property on the Settled website.

Selling a unit title property — Settled(external link)