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Cooling off? Don’t just notify the real estate agent

  • TurkAlert
  • Published 09.06.2016

Tan v Russell [2016] VSC 93

Purchasers seeking to terminate a Contract of Sale of land during the statutory cooling-off period should take special care to ensure that the notice of termination has been provided to someone with the authority to receive it within the prescribed time period. Notice sent to non-authorised parties may not be effective to allow a purchaser to withdraw from a sale.