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FORM 1 AND COOLING OFF RIGHTS – WHAT ARE THEY?

WHAT IS A FORM 1? The Form 1 (Vendors Disclosure Statement) is the formal statement that must be served on the Purchaser and provides the cooling off rights and certain details relating to the property being sold. It is required under Section 7 of the Land and Business (Sale and Conveyancing) Act 1994. A Form…

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