Hey Developers…It’s not so easy to rescind anymore!
April 28, 2016
There has been new Legislation introduced, the Conveyancing Amendment (Sunset Clauses) Act 2015 which was effective as of 17 November 2015. The new legislation applies to Vendors rescinding under “Sunset Dates” in off-the-plan contracts for residential property. What you now need to do to rescind under a Sunset Clause Previously, if a Sunset Date expired, […]
