Contracts
When an Oklahoma purchase contract includes a 'survey contingency,' the buyer has the right to:
ACommission any improvements to the property during the survey period
BReview a new survey and object to encroachments, boundary discrepancies, or easements discovered, typically within the contingency period✓ Correct
CExtend the closing date indefinitely
DNegotiate the sale price based only on square footage
Explanation
A survey contingency allows the buyer to have a new survey conducted. If the survey reveals problems (encroachments, boundary issues, unexpected easements), the buyer can object or potentially terminate the contract within the stipulated period.
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