What happens to the Cooling Off clause over the Christmas period?
Any cooling off period that falls between the 27th to the 31st of December will still fall during this period of time and will not automatically move to the next business day pursuant to the standard terms of the REIQ Contract. As many law firms and real estate offices are closed during the Christmas and New Year period it is critical for any Buyer that wants to cool off during this period they ensure that their Legal Representative is able to take instructions from them during this period. If their office intends on closing, please ensure instructions are given no later than their last business day of trading before Christmas.
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To learn more about Contract Dates over the Christmas Period today, contact Ownit Conveyancing on 1300 553 750.