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What is a cooling off period and a Section 66W certificate?

by Telemon Admin | Apr 6, 2015

A 66W waives the right to a cooling off period You might hear an agent say when you’re making an offer to buy a house that “The vendor will only exchange with a 66W certificate”. The request is a reference to Section 66W of the Conveyancing Act...

The agent says I can sign the contract, only pay 0.25%, and can still get out of it if I don’t wish to proceed. Is it ok to sign?

by Cameron Shaw | Apr 6, 2015

The agent might be correct but as solicitors our advice is always don’t sign until you have had independent legal advice on the contract. If you have signed the contract, while you can rescind if a Section 66W certificate hasn’t been provided (and only...
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    About Telemon

    Telemon Lawyers provides effective legal services across a number of practice areas including property & conveyancing, strata and community title law, commercial and corporate law, criminal law and wills, estate & probate.

    Practice Areas

    Commercial Law
    Conveyancing & Property
    Elder Law
    Probate, Wills & Estate
    Strata Law
    Litigation & Dispute Resolution

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    m 0400 466 377
    e info@telemon.com.au
    G14/177 Mona Vale Rd
    St Ives NSW 2075
    02 8065 3080
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