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The Property Practioners Act (PPA) 2022

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The Property Practioners Act (PPA) 2022

The Property Practioners Act ( PPA) is set to replace the Estate Agency Affairs Act which has served the industry for the past forty-five years and introduces some welcome provisions to enhance professionalism across the industry. The PPA is a consumer-focused piece of legislation that has been designed to protect consumers in the property industry. In line with this, the PPA obliges property practitioners to deliver a "disclosure form" to a seller/lessor before concluding a mandate, and to a purchaser/lessee before making an offer. The disclosure form must be signed by all parties and attached to the sale or lease agreement. If no disclosure form is signed and attached, the PPA provides that the agreement must be interpreted as if no defects or deficiencies of the property were disclosed to the purchaser. A property practitioner cannot accept a mandate unless the seller or lessor has provided a fully completed and signed disclosure form.

Please contact us if you would like to have a look at our Disclosure Form.

Author Blue Chip Properties
Published 23 Feb 2022 / Views -
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