Recorded Webinar: Safe as Houses? Tips and Traps in Acting for an Owner Builder Vendor (Vic)

Acting for an owner builder vendor brings with it significant challenges, particularly as the conveyancer is generally instructed once the property has been built. This session provides an overview of owner builder obligations and what a conveyancer can do to overcome potential problems at the point of sale, including:

• The legislative framework in Victoria and the regulatory authority
• What level of building work is caught by the legislation? What is domestic building work?
• How is an owner builder defined?
• Is a person who engages a registered builder to undertake the work an owner builder?
• What are the duties and responsibilities of an owner builder?
• Obligations of the owner building when selling the property, including:
• Time limits for selling and legislative obligations
• Obtaining a defects inspection report – requirements for the qualifications of the report author and time limits
• Domestic building insurance to protect a prospective purchaser
• Section 32 disclosure of building permits
• Are any works exempt from the defects inspection report?
• Contract of Sale requirements and statutory warranties
• Strategies for negotiating responsibility or compensation for defects or incomplete work identified in the defects inspection report
• Can a prospective purchaser seek an indemnity from the owner builder?
• Penalties for legislative non-compliance and contract recission
• Cases and examples