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A buyer is purchasing a new condominium from the developer. After receipt of the condominium documents, within how many days does the buyer have the right to rescind the contract?
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A buyer is purchasing a new condominium from the developer. After receipt of the condominium documents, within how many days does the buyer have the right to rescind the contract?

User Gaurav Patel
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1 Answer

20 votes
20 votes

Answer:

15 Days

Step-by-step explanation:

When buying a unit from a developer, purchasers have 15 days after receiving disclosure documents to decide whether they want to terminate the contract. However, during a resale condominium transaction, the buyer has only three business days after receipt of all documents to cancel a contract.

User Ufkoku
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