Question

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?

Answer 1

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.