My relative had purchased OTP back in 2014 in Sydney and it was supposed to finish around 2016 but at that time, the developer had sent her to sign to request for sunset clause extension till June 30 2018 in which she signed
The property was to be completed and settled around June but she got an email a few days ago saying now that it has been pushed back till at LEAST mid August again. She feels that she has enough and she is wondering if she can cancel the contract with penalty since it has passed the sunset clause date period?
Her solicitor seem to be not useful so thats why its better to ask here as it doesn't hurt to get more info
Your advice will be appreciated. Cheers
The property was to be completed and settled around June but she got an email a few days ago saying now that it has been pushed back till at LEAST mid August again. She feels that she has enough and she is wondering if she can cancel the contract with penalty since it has passed the sunset clause date period?
Her solicitor seem to be not useful so thats why its better to ask here as it doesn't hurt to get more info
Your advice will be appreciated. Cheers