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Seller obligation, Buyer's option?

This discussion thread is for forum members to discuss and learn and share with one another on anything related to the Property Market.

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Seller obligation, Buyer's option?

Postby dvortex » Thu Mar 31, 2011 1:28 pm

Hi all,

Would like to understand what is involved if a buyer has obtain OTP for purchase with standard 14 days to exercise the option but seller during this 14 day period sold to another buyer.

What rights does buyer have over seller? Law suit against seller based on breach of contract? What is involved and what about the monies?
dvortex
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Postby dvortex » Thu Mar 31, 2011 4:29 pm

Thank you for your input Dennis! Cheers!
dvortex
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Joined: Mon Feb 28, 2011 10:18 am
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