Hi,
1) Once an OTP is issued, there are 3 things happened:
(a) Seller (yourself) accepted the offer [Acceptance]
(b) Buyer offer a price [Offer]
(c) Deposit was paid [consideration]
2) When these 3 things are in, meaning this is a legal contract and both parties are liable for any damages once any party backs out according to the contract law.
3) The only way to back out without damages is when the OTP expire if the buyer did not exercise within the given time frame stated in the OTP.
4) You are liable for any damages that the buyer incurred if you back out in this contract now.
Hope the above answer your main concerns, but if there are more query, please feel free to contact me at
90110636
, or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.
Best regards
Ling CK
90110636
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer
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