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If it is already in your OTP and you have a lawyer already appointed, you can check with the lawyer on next steps. The lawyer would review the wording and typically advise on extra matters like indemnity.

In any case, you can always check with your own agent on the next steps, especially if you had help from a professional buyer agent (it's free for condo buyers in Singapore). It will help to ensure you are not taken advantage of by the seller / seller agent.

Kay Cloud
The Harvard Educated Agent
Propnex Realty Pte Ltd
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You should check with your lawyer on this term and see what is the best course of actions.

——

I have been in the real estate business since 2009, with more than 15 years of experience serving the Singapore real estate market. Check out the EdgeProp featured article on myself recently at https://www.edgeprop.sg/property-news/geryl-lim-leading-landed-real-estate-heart-hustle-and-harmony

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Hi, appreciate your sharing, able to check with the saleperson on the matters before proceeding.
Looking forward to assist you at WhatsApp +65 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart-PropNex Read More

Hi,

1) The agent had completed his duty by including the conditions after the sale completion.
2) The lawyer will takeover the process from the point the OTP is passed over to him.
3) The lawyers will decide whether it is essential to have an add-on notes for the extension.
4) You may highlight this point before meeting the lawyer for exercising the OTP.

All The Best!!!

Hope the above answer to your main concerns, but if there are more query, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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https://www.linkedin.com/pulse/how-to-handle-2-month-extension-rental-when-buying-mani-sxnbc

How-To Handle a 2-Month Extension With Rental When Buying a Resale Condo (Without Legal Gaps) #AskRealtorMani ????https://wa.me/6583004411

???? Is an OTP clause alone legally sufficient for an extension of stay?

???? What exactly is an “extension of stay with rental”?

⚠️ What risks do buyers face if there is no written extension agreement?

???? What terms must be clearly stated in the extension agreement?

???? Who holds the security deposit during the extension period?

???? What happens if the seller refuses to vacate after the 2 months?

???? Is the extension treated like a short tenancy or a licence to occupy?

????‍⚖️ Should the lawyer or the agent prepare the extension agreement?

???? When should the extension agreement be signed — before or after completion?

✅ What is the safest way to protect the buyer during the extension period?

10 Actionable Tips

✅ Yes — always prepare a separate Extension of Stay Agreement, even if it’s stated in the OTP.

???? The OTP shows intent; the extension agreement defines rights, obligations, penalties, and enforcement.

???? Clearly state rental amount, payment date, and late-payment penalties.

???? Include a firm vacant possession date with daily penalty if seller overstays.

???? Collect a security deposit for the extension period — don’t rely on goodwill.

???? Treat the extension as a licence to occupy, not a casual arrangement.

????‍⚖️ Best practice: buyer’s lawyer prepares or vets the extension agreement for enforceability.

???? The agent’s role is coordination — not legal drafting — unless properly trained and authorised.

???? Ensure the extension agreement is signed before completion, not after.

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