Browse Forums Building A New House 1 Oct 28, 2021 12:35 am A couple days ago I signed a preliminary plan agreement, and after consideration I felt quite rushed into the process and don’t feel ready to go through with it. Am I allowed to stop the process from continuing? (This was for a house and land package) I was under the impression I could cancel at anytime prior to any serious contract signing but am not completely sure. Please help! Re: Preliminary plan agreement 2Oct 28, 2021 8:18 am Bendi1 A couple days ago I signed a preliminary plan agreement, and after consideration I felt quite rushed into the process and don’t feel ready to go through with it. Am I allowed to stop the process from continuing? (This was for a house and land package) I was under the impression I could cancel at anytime prior to any serious contract signing but am not completely sure. Please help! Bendi1 Our resident legal expert should be able to give you better advice, but generally there should be a 10 day cooling off period, I know in NSW this is the case. Just double check the agreement and see if any cooling off period is mentioned, and if you are in NSW call fairtrading and ask what your rights are. If you're not in NSW call whoever the equivalent body is in your state. All the best Simeon Architectural Homes & Duplexes - specialising in custom designing homes to your budget Get a Free Onsite Consultation Today or send a PM for information, questions or advice. In NSW the maximum deposit for building work is 5% until the builder provides HBCF insurance 1 4829 Hi All, We signed a prelim agreement last year (May 2022) and paid deposit to a builder. However, we didn't go ahead with them and never signed a contract. We ended going… 0 2312 You need to respond to the Builder within 10 business day advising of your rejection of claim as per SoPA on a payment Schedule, Do not miss this deadline. 3 7289 |