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From: Neil Iffland
A friend is buying an OTP unit in inner Sydney. The contract has a clause whereby if the project is not completed after 30 months the developer can pull out of the sale. He is worried that if the market really jumped the developer may delay on purpose.
However his lawyer says this is a standard clause in OTP contracts. Anyone know if that is correct ?
A friend is buying an OTP unit in inner Sydney. The contract has a clause whereby if the project is not completed after 30 months the developer can pull out of the sale. He is worried that if the market really jumped the developer may delay on purpose.
However his lawyer says this is a standard clause in OTP contracts. Anyone know if that is correct ?
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