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Check the contract - it is most likely in favour of the developer. Whether they will exercise the rights is another matter. Logic dictates that if the developer wants to settle, get the project off their books and move on an extension should be granted as long as the buyer isn't taking the...

Also take note that with OTP often the time given to settle is 14 days (including weekends). Make sure your friend has all of the documentation ready to finalise the application so time isn't lost. The last OTP I settled went pretty smoothly, but I still needed a 3 day extension. Whether...