6682

Q&As and counting

October 2020

Sale of personal property - Interests and PPSR

October 2020
Personal Property Securities
Victoria

Asked

What can a purchaser of personal property require/insist on from the vendor to confirm that no other party has any interest in the property?

Answered

Thank you for the question.

The purchaser cannot require the vendor to provide such evidence unless the contract creates such an obligation on the vendor.

Note the purchaser may conduct a Personal Property Securities Register search in relation to the property to ensure there are no registered interests.

Regards

Mentor

Personal Property Securities
Victoria