Mental State and OTP, Option to Purchase
Question: Hi, may I consult that if my 2 sellers, the wife has got depression and sometimes mentally unstable, sometimes ok, can she sign and grant the HDB OTP first then we prepare to authorize LPA for husband (the other seller) to complete the transaction for them? Or we need to wait for LPA to be ready first then grant OTP to buyer…?
Answer: In order for the sellers to grant the OTP, both must be mentally sound. So if the wife is sometimes mentally unstable, need to get her to see a doctor who can certify if she has sufficient mental capacity to issue an LPA. If doc can certify then best to do LPA asap so husband can sign all documents for her.
The above is for discussion purpose only and is not a legal advise