Dear Randy,
Assuming this is a private property transaction, all contractual terms are subject to mutual agreement including the duration of the Option to Purchase.
Whether you can secure an Option for 45 days instead of the common market practice of 14 days is really up to your agent's negotiation skills and how agreeable the seller is.
The seller may agree to a 45 day Option if you have valid reasons for making such a request. It might bolster your case if the Option were issued without the "and/or nominee" term, so the seller knows you're not just asking for a longer Option in order to flip for a profit. (of course you might well be intended to do so, in which case ignore this comment!)
Very often in the purchase of land/landed property, we will request for a longer option period for the buyer in order for the necessary checks and studies to be conducted prior to exercise of option. Condo purchases are ordinarily quite straight forward, thus 14 days is usually sufficient.
Warm regards
Natasha Goh
LL.B (NUS) Hons
Sales Manager
Reg No R045004B
Mobile-
9834 3604
Web - http://natashagoh.com
SRI5000 - An Elite Division of SLP Realty (Reg L3009793I)
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