QUOTE(jojolicia @ Apr 15 2023, 06:28 PM)
What is OTP? Offer/ or Order To Purchase?
I thk it's option to purchase, if I recall it correctlyInvestment KL48 @ Jalan Sungai Besi, Latest Chan Show Lin Project
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 Apr 15 2023, 06:31 PM
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Apr 15 2023, 07:25 PM
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QUOTE(jojolicia @ Apr 15 2023, 06:35 PM) Meaning an option to purchase for an add-on variation package ie furniture package to the SPA? This is what I get "The right to purchase the Property from the Developer subject to conditions listed in the letter" Najibaik liked this post
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Apr 15 2023, 11:55 PM
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QUOTE(jojolicia @ Apr 15 2023, 08:00 PM) If its not the option for added package to the purchase, what other supplementary conditions other than the standard S&P clauses (HDA binding) we are looking at here? Stage completion billing/ disbursement? Change from completion to commencement of stage billing, percentile ? Conditions such as how much is the booking fee, how many days to refund the booking fees if I cancel the OTP, if I didn’t sign SPA within how many days then what are the fees of the termination, something like this, basically focus on the pre-sigining stageI will read and understand all interpretations therein with care. Just me. |
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