Extension to cooling-off period for agency contracts

Updates to the Consumer Contracts (Information, Cancellation and Additional Charges) Regulations come into force tomorrow. The major change to these regulations is that the cancellation, or ‘cooling-off’ period for all service contracts will be extended from seven to fourteen days. All agents will need to ensure that they are fully compliant by updating their service contracts and reviewing the way costs are disclosed.

Full story available from Property Industry Eye: http://www.propertyindustryeye.com/agents-warned-full-implications-new-cooling-regime/

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