Option Holder’s Rights And Remedies: Analyzing Penalty Claims And Refunds In Extended OTP Agreements
September 1, 2024Introduction In real estate transactions, agreements like the Option to Purchase (OTP) are critical in defining the rights and obligations of both buyers and sellers. Such agreements typically outline essential terms, including price, timelines, and conditions for payment, providing a framework for a smooth and transparent transaction. However, disputes can arise when the contract’s language […]