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Inheritance and Legacy Planning

Asked by BUYER 24 Apr 2012

what is the best way to resolve if the seller wants to back out the sale of a private property ? Buyer's lawyer has already exercise the OTP and 5% deposit has been paid and received.

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Mike Lim · Answer 1 · 2012-04-24T15:58:10+08:00

Mike Lim

Replied 24 Apr 2012

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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