Suppose that after signing the compromis de vente (agreement of sale) the buyer has a change of mind. Can the buyer rescind the agreement and get the deposit back?

April 26, 2017Agreement buyer compromis mind rescind sale signing vente

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Suppose that after signing the compromis de vente (agreement of sale) the buyer has a change of mind. Can the buyer rescind the agreement and get the deposit back?

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Yes. There is a seven-day cooling-off period that begins the day after both parties have signed the compromis, and terminates seven calendar days later. During the cooling-off period the buyer can rescind and receive a full refund.