Knowledge Bank
At Merton Lawyers, understanding starts by arming you with tools and resources
to better navigate your next steps in law and life.
Section 27 Statement FAQ
A Section 27 Statement, commonly known as an “Early Release of Deposit Authority”, allows the vendor to request access to the deposit funds paid by the purchaser prior to settlement. It is a statement provided by the vendor that provides information required under s.27 of the Sale of Land Act 1962 (“the Act”).