Recission period for buying a condo Maryland?

The rescission period for buying a condo in Maryland is three business days. This means that you have three business days after signing the contract to cancel the purchase without penalty.

To exercise your rescission rights, you must send a written notice to the seller. The notice must be postmarked within three business days of signing the contract. The notice must include the following information:

* Your name and address

* The date of the contract

* The address of the property

* A statement that you are rescinding the contract

You do not need to give a reason for rescinding the contract.

If you properly exercise your rescission rights, the seller must refund all of your money within 10 business days.