What is a cooling-off period? A cooling-off period allows Queensland homeowners a short timeframe to reconsider and potentially withdraw from a residential building contract after signing. Under section 35 of Schedule 1B of the Queensland Building and Construction Commission Act 1991 (Qld) (QBCC Act), homeowners can withdraw from a regulated residential building contract (building contract) within five […]
Should I have my residential building contract reviewed by a lawyer? If you’re about to sign a residential building contract, whether for a new build or renovation, the short answer is “yes” – you should have your residential building contract reviewed by a lawyer. While there are industry drafted building contracts that comply with the legal requirements[…]
What Is a Preliminary Agreement – And Why You Might Need One Before Signing a Building Contract If you are building a new home or renovating, there is a bit of legwork that needs to happy before the builder can present the owner with a building contract. That’s where a preliminary agreement comes in. Whether you are[…]