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Mike Lim
Replied
Afternoon,

It seems like you are in a tight situation else you won't be asking the same question over and over again. Your salesperson or your lawyer would know the content of the OTP and side agreements involved in the OTP that you and your seller have inked. Beside the standard black & white, if your seller is savvy with the law, there's definitely alot of ways to breach the OTP, indirectly.

All the best.

Regards
Mike Lim
 96929209 
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Gary Yeo
Replied
If the OTP used is a standard document drawn up by an agency, then the sellers are not allowed under the law to back out of the transaction as they have entered into a contract.

Regardless of how savvy the seller is, the law is very clear when it comes to property transaction. Once they issue the OTP, they are not allowed to back out of the deal.

You should seek your lawyer's advice on your course of action. Read More
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