Option to purchase – Singapore home for rent
Singapore home for rent – Seller gives the buyer the first right to purchase the property in exchange for the option money, which is usually equivalent to 1% of the purchase price.
Once the seller has signed the Option to purchase, the seller cannot offer the same property to another buyer. On the other hand, the buyer can opt not to proceed with the purchase. In this case, the option money would be forfeited to the seller and neither party shall have any claims against the other.
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