20 Aug 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.
Check out OWNit conveyancing Queensland offices near you:
- Conveyancing Brisbane
- Conveyancing Gold Coast
- Conveyancing Sunshine Coast
- Conveyancing Beenleigh
- Conveyancing Logan
- Click here to view all locations
To learn more about Cooling Off Period today, contact OWNit Conveyancing on 1300 553 750.