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Cooling Off Waivers

If you have signed a Contract of Sale to purchase property in South Australia, it is generally a requirement that the purchaser has a two business days cooling off period, to walk away from the contract with no reason at all.

Sometimes there are circumstances where a party is required or requested to waive the cooling off period, for example, if the property is due to go to auction (upon which no cooling off period would apply) and the vendor chooses to accept your offer prior to the auction.

In circumstances where the buyer needs to waive their cooling off period, it is very important that the purchaser receives the correct advice about their obligations under the contract and this must be provided by a lawyer. Whilst lawyers cannot provide advice on the suitability of the property for the person or the purchase price, other matters will be considered and discussed, such as contract terms and conditions, and the contents of any government searches for the property.

Once the advice is provided a Form 3 is then completed and signed to confirm that the purchaser has received independent legal advice. The signing of a Form 3 is usually a time sensitive requirement and Robbins Lawyers can attend to this promptly and provide a fixed fee for this service.

Cooling Off Waivers

Robbins Lawyers and Conveyancers

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AIC SA
Property Exchange Australia
The Law Society of South Australia

Robbins Lawyers and Conveyancers

Proudly supports and promotes the services of

myconnect

We utilise the services of Direct Connect who can arrange for the transfer of your utilities such as Electricity, Gas, Water, Telephone, Internet and Pay TV, so that when you move into your new house in Adelaide you are all ready to go. It will save you substantial time sitting on the phone on hold and it is 100% Australian based, so no overseas callers. It is a completely free of charge service. 

Stewart Title

We are affiliated with Stewart Title insurance who offer insurance cover to protect property owners against hidden legal and title based problems in Adelaide that you may not know about when purchasing a property. For example, where illegal or unapproved structures have been built, where the boundary line with your neighbors is incorrect, protection against identity theft or fraud or to remove encroachments on your land.