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Real Estate Glossary
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

V Terms :
Valuation
A written analysis of the estimated value of a property prepared by a qualified valuer.
Vendor
The seller
Vendor Statement
(Victoria only) Also called the Section 32 Certificate of the Sale of Land Act. Known as Contract of Sale in NSW. A statement by the vendor of the particulars of the property offered for sale. It must be signed by the purchaser before signing the Contract.
Villa
A single storey attached dwelling.
Void
Having no legal force or effect. Unenforceable. See Null and Void.


 


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