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Glad to hear that your deposit will be returned in a few months :) The developer may either use a clause within the OTP contract stating that the project will not proceed and return the deposit (with interest? without?) via cheque. This was what happened for mine, the cheque + brief letter...

Hi cimbom, good to know that you are not agreeing to the extension :) Not too sure if the developer would release the deposit to you right away. They may declare that the contract is still valid until the stated 'sunset' clause and hang onto the deposit. Best of luck on that though, hopefully...