Section 66ZD — Conveyancing Act 1919 (NSW)

(1) The purchaser under an option may serve a written notice to the effect that the purchaser rescinds the option.
(2) The notice may only be served during the cooling off period.
(3) The notice of rescission must be signed by—
(a) the purchaser or the purchaser’s solicitor, or
(b) if there is more than one purchaser, each of the purchasers or their respective solicitors.
(4) The notice of rescission must be served on—
(a) the vendor or the vendor’s solicitor, or
(b) if there is more than one vendor, any one of the vendors or the solicitor of any of them, or
(c) the agent of the vendor or vendors.
(5) Service of a notice under this section may be effected in accordance with section 170 or at the address of the vendor shown in the option or in the proposed contract attached to the option or in accordance with the service provisions in the option or proposed contract attached to the option.

Related sections

• s 66ZA — Option to contain certain terms, conditions and warranties
• s 66ZB — Cooling off period
• s 66ZC — No cooling off period in certain cases
• s 66ZE — Consequences of rescission
• s 66ZF — Certificates
• s 66ZG — Option void in certain circumstances

Research how courts apply s 66ZD

BriefBridge searches NSW and High Court caselaw by meaning — every answer cited to the paragraph.