If you sell your property within six years after completion of your owner builder work, you must provide a written notice to the prospective purchaser, BEFORE signing any contract of sale.
What should the notice contain?
The notice should contain the following:
Details of the domestic building work performed
The name of the person (permit holder) who performed the work
A statement confirming the work was performed under an owner builder permit
Supply the following notice - "Warning - The building work to which this notice relates is not covered by insurance under the Queensland Building Services Authority Act 1991".
Notice in duplicate
The notice must be given in duplicate and the purchaser must sign one copy of the notice and return it to you on, or before, signing the contract.
Subsequent Purchasers of a Property with Owner Builder work
If the property is again offered for sale within 6 years after completion of the owner builder work on that property, the subsequent vendor must supply the notice of warning to any prospective purchaser, BEFORE signing any contract of sale, in compliance with Section 47(1) of the Queensland Building Services Authority Act 1991.
If a defect is discovered in the property, BSA advises the purchaser to seek independent legal advice for interpretation of Section 47(2) of the Queensland Building Services Authority Act 1991 with regards to warranties.
Renting or leasing the property
If you intend to lease out or rent out the property, you are not required to provide a "Warning" notice. The requirement to provide a notice applies to selling only, as outlined on the owner builder permit.
