Rescinding - What does this mean and how is it handled? (To withdraw your offer)

When negotiating a contract, as long as no timelines have been met by the parties, you

can rescind the contract in writing. Because rescinding is very time sensitive, it is best practice to be able to prove what time you rescinded the offer. 

Rescind pic

Once you receive an accepted offer, you can no longer rescind. 

After this point you may opt to not remove conditions based on terms and conditions in the contract.


Always consider discussing these options with your agent and lawyer.