After a purchaser has signed a purchase agreement, can the purchaser cancel that agreement?
A. Yes, but only during the 7 day rescission period. Thus, a purchaser or lessee may rescind a purchase agreement by serving written notice of that rescission on the developer within 7 days after the later of: the date that the purchase agreement was made; and the date that the developer obtained a receipt from the purchaser for the Disclosure Statement. See section 21 of the Act.
Related Questions
- How do purchasers and suppliers know if an eligible purchaser has signed an Interlocal Agreement with ESD 112?
- How long after the agreement has been signed will it take for the Purchaser to receive the materials?
- Is there a signed agreement required to enroll, purchase or use a Ta’Facil Prepaid MasterCard?
