Section 66W certificate

A certificate signed by the buyer's solicitor or licensed conveyancer under s 66W of the Conveyancing Act 1919 (NSW) that waives the buyer's cooling-off period, making the contract binding immediat...

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• referenceDefinition: {"term":"Section 66W certificate","definition":"A certificate signed by the buyer's solicitor or licensed conveyancer under s 66W of the Conveyancing Act 1919 (NSW) that waives the buyer's cooling-off period, making the contract binding immediately on exchange. Commonly required by vendors before exchange in competitive purchases and standard practice for auction-style negotiations.","primarySource":"https://www.nsw.gov.au/housing-and-construction/buying-and-selling-property/buying-property-nsw/contracts-and-deposits"}