Chapter 4.9.
Property finance and financial calculations

To immediately transfer property ownership

To grant the buyer an exclusive right to purchase the property within a specified period

To outline the obligations of both the buyer and seller after the sale is completed

To provide a valuation of the property

The OTP grants the buyer an exclusive right to purchase the property within a specified period, typically 14 days, by paying an option fee.

Chapter 4.9.Property finance and financial calculations