Cooling off period - QLD

Does the buyer have a cooling-off period?

Yes, under the Property Occupations Act 2014, the buyer has a five-business-day cooling-off period during which they can terminate the contract. If they do, you can retain a 0.25% penalty from the deposit.

Disclaimer: Every property transaction is different, and the information provided may not be relevant to your circumstances. By using this site you agree that the information provided is for general purposes only and does not constitute legal, financial, or professional advice.

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