Hi,
1) A verbal agreement is also one type of agreement, as a gentleman should honour his word.
2) If this has been discussed and agreed upon before signing the OTP. Personally feels that you should honour your word.
3) However, if this was not told before issuing of OTP, then it is up to you to decide.
4) A formal extension can only be approved by HDB is such that seller able to produce evidence of exercised OTP or key collection for BTO.
5) Scanned OTP cannot used for exercising. You have to sign on the actual OTP to be formally exercise the OTP.
6) Personally feels that you already aware there is a tenant staying in your favour unit when offer for an OTP. I don't think there is any issue for allowing tenant continue staying there till end of the tenancy.
Just take it that sellers are staying there during this extension period.
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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