Sign in haste repent at leisure, is something that prospective tenants ought to bear in mind when signing tenancy agreements. You need to be really sure you want that property.
For some type of contract, there is a ‘cooling off’ period of seven days, and many tenants think that this also applies to rented property. Unfortunately not.
At ‘common law‘, there is no right to a cooling off period for anything. Where people have this right it has been given specifically by an act of Parliament.
There are two main areas of law where there is a cooling off period. The first is consumer credit contracts, where you are borrowing a lot of money, or are paying for something on credit. This does not apply to rented property.
The second is the distance selling regulations. However these have now changed and no longer apply to tenancies as they are now specifically excluded.
This means that as soon as you sign that tenancy agreement you are bound by it. You are under a legal obligation to pay rent, on a monthly (or weekly) basis, for the term of the tenancy agreement. Whether you are living in the property or not.
So be careful.