What is a Seller Disclosure Statement (SDS)

FAQ - Seller Disclosure Statement (SDS) – residential & commercial property conveyancing sales.

1. Who – all sellers of residential and commercial property (including vacant land), subject to limited exemptions 
2. What – the SDS: -
   • is known as a Form 2 - https://www.publications.qld.gov.au/ckan-publications-attachments-prod/resources/7a1be178-d2d5-4744-9147-9699c04ee8d8/seller-disclosure-statement-form-2.pdf?ETag=aca5f8db01e9c5369d0777a1e077a722
   • provides information regarding the property to the buyer and requires certain “certificates” to be disclosed.
   • if the information is incomplete or inaccurate at the time the SDS is given to the buyer, and the buyer enters a contract of sale for the property, the buyer can terminate the contract of sale at any time up until settlement.
   • does not include information regarding flooding, asbestos, current or past building or development approvals for the property .
3. When – for contracts or agreements signed on or after 1 August 2025 and must be given to the buyer before the buyer signs the contract.
4. Why – aims to enhance transparency and protect buyers by ensuring they are aware of any material facts about the property

Get in touch

If you require more information regarding the SDS, including costs and turnaround timeframes, please contact Riley Rupp of our Conveyancing & Property Team on riley@mobbsmarr.com.au or 07 4417 4417.