Cooling Off Period

When is A Buyer Entitled to a Cooling Off Period?

A Buyer is only entitled to a Cooling Off Period in instances where the Property Occupations Act 2014 (Qld) applies. There are many instances where the Buyer is not entitled to a Cooling Off Period, for instance, where the property is sold at auction, where the Contract was entered into no later than 5:00pm on the second clear business day after a property was passed in at auction with a registered bidder for the auction or where the Contract was formed through the exercise of an option granted under an earlier agreement.

TIP: This is not a comprehensive list of instances where no cooling off period will apply to a transaction. We are here to help. Please contact our office should you require any assistance.

(ALSO READ:)
Land Tax Under Contract
Buyers Guide
Sellers Guide

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To learn more about Cooling Off Period today, contact OwnIt Conveyancing on 1300 553 750.

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Andrew Francey

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Andrew has over two decades experience in high growth fast moving consumer goods, agribusiness and professional services. Supporting the OWNit team to deliver on client expectations, and implementing processes to scale the organisation, is a key focus for Andrew.

Andrew is a C-Suite leader with Chairman and Board experience.  He has formal qualifications in Business, Applied Finance and AICD Company Directors Course.

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