69Restriction on vendor's right to rescind on purchaser's

69 Restriction on vendor's right to rescind on purchaser's objection (1) In a contract for the sale of land, the vendor is not entitled to exercise a right to rescind the contract, whether given by the contract expressly or otherwise, on the ground of a requisition or objection made by the purchaser unless the vendor gives the purchaser 7 days notice of the vendor's intention to rescind (to enable the purchaser to withdraw or waive the requisition or objection). (2) Subsection (1): (a) applies only to contracts for the sale of land made after the Law of Property Act 2000 41 (b) has effect despite any term of a contract for the sale of land to the contrary.