Cooling Off Rights Waiver

Need legal advice about cooling off? Need a waiver signed?

If you want to waive your Cooling Off Rights when buying a property, then you need legal assistance.

If you have signed a contract to purchase land in South Australia, you will generally be entitled to have two clear business days from the date of the contract to “cool off” on the contract.

In certain circumstances legislation provides rights so you can simply walk away from the contract and there will be no legal obligation on you to settle. However, the right to “cool off” does not apply to the successful bidder at an auction.

The right to “cool off” also does not apply if you legally “waive” your cooling off rights before or at the time of signing the contract.

Sometimes the vendor’s real estate agent requires you to waive your cooling off rights. If you need legal assistance, we provide prompt, inexpensive and informed advice.

Provide us with your details in the adjacent form and we will contact you.