As I tell my clients – if a buyer gets the packet four days prior to closing, sneezes three times and deems that to be a bad omen, she can cancel the contract, ostensibly based on the homeowner’s packet.
…If the PROPERTY is within such a development and PURCHASER is buying the PROPERTY for own residence, the Act requires SELLER to obtain from the Property Owners’ Association an association disclosure packet and provide it to the PURCHASER. … PURCHASER may cancel this Contract (i) within three (3) days after the date of the Contract: (ii) three days after receiving the association disclosure packet or being notified that the association disclosure packet will not be available, if the packet or such notice is hand delivered or delivered with the consent of the PURCHASER by electronic means and a receipt obtained; or (iii) within six (6) days after postmark date if the packet or notice that the packet will not be available is sent to PURCHASER by United State mail. PURCHASER may cancel this Contract at any time prior to settlement if PURCHASER has not received the association disclosure packet or notice that the packet will not be available.