Cooling off period when buying real estate

[Q] Are there cooling off periods when buying property in Japan?
[A] Sometimes.
Cooling off period = 8 days
The cooling off system for real estate transactions was introduced in a 1980 revision to Japan's Building Lots and Building Transactions Business Act. When buying real estate in Japan, a buyer can rescind their purchase reservation or cancel a signed contract of sale with no penalty wit...

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