How can a buyer of a condominium cancel their contract?

A buyer of a condominium can cancel their contract through a formal process that typically requires written communication. Submitting a written request to the broker is the correct method, as it provides a documented trail of the buyer's intention to cancel the contract. This written request serves as an official notification and is important for ensuring that all parties involved are aware of the cancellation and can take the necessary actions.

In real estate transactions, verbal notifications can lead to misunderstandings and lack of clarity, which is why a written request is preferred. Relying on not paying the down payment does not constitute a formal cancellation of the contract and may lead to penalties or legal issues. Contacting the homeowner's association is also not appropriate, as they are typically not involved in the contractual agreement between the buyer and the seller. Thus, the process must be handled through proper channels to ensure that the cancellation is valid and recognized legally.