VIC: Residential Tenancies Act Section 206J Cooling off period

Cooling off period

(1) A site tenant may rescind a site agreement at any time within 5 business days from the date that the site tenant signs the site agreement by providing written notice to the site owner to that effect.

(2) A notice under subsection (1) must be— (a) given to the site owner or an agent of the site owner; or (b) left at the address for service of the site owner specified in the site agreement.

(3) If a site tenant rescinds a site agreement in accordance with this section, the site tenant is entitled to a refund of all moneys paid by the site tenant under the site agreement less the sum of $100 or the prescribed amount (whichever is greater) to which the site owner is entitled.