You can open the Purchase Option Agreement Template in multiple formats, including PDF, Word, and Google Docs.
Purchase Option Agreement Template Printable | Editable FormSample
[Name of the Seller]
[Seller’s ID]
[Seller’s Address]
[Seller’s Phone]
[Seller’s Email]
[Name of the Buyer]
[Buyer’s ID]
[Buyer’s Address]
This document outlines the terms under which the Seller grants the Buyer the option to purchase the property located at [Property Address] during the Option Period, starting from [Option Start Date] to [Option End Date].
The property that is subject to this Purchase Option Agreement is described as follows: [Detailed description of property, including boundaries and features].
The agreed purchase price of the property shall be [Amount], which the Buyer may exercise during the Option Period.
The Buyer agrees to pay an option fee of [Option Fee Amount], which shall be credited against the purchase price if the option is exercised.
The Buyer must provide written notice of their intent to exercise this option at least [Notice Period] days prior to the expiration of the Option Period.
Upon exercise of the option, the closing shall occur on or before [Closing Date], at which time the Buyer will pay the remaining balance of the purchase price.
In the event of a default by the Buyer, the Seller retains the right to retain the option fee and pursue any other legal remedies available.
This agreement shall be governed by the laws of [Jurisdiction].
[Signature of the Seller]
[Name of the Seller]
[Signature of the Buyer]
[Name of the Buyer]
[Name of the Seller]
[Seller’s ID]
[Seller’s Address]
[Seller’s Phone]
[Seller’s Email]
[Name of the Buyer]
[Buyer’s ID]
[Buyer’s Address]
This Purchase Option Agreement grants the Buyer the exclusive right to purchase the property located at [Property Address] on the terms set forth herein.
The property involved in this agreement is defined as: [Comprehensive description of the property].
The Seller agrees to sell the property for [Amount], payable as follows: [Specify payment structure if applicable].
The Buyer shall pay an option fee of [Option Fee Amount] which is non-refundable unless the option is exercised.
The Buyer must notify the Seller in writing to exercise the option within [Notice Period] days of the set expiration date.
The closing of this sale will take place on [Closing Date], contingent upon the Buyer satisfying all financial obligations.
In case of breach of this agreement by either party, the non-breaching party reserves the right to seek damages and/or specific performance.
This agreement shall be interpreted according to the laws of [Jurisdiction].
[Signature of the Seller]
[Name of the Seller]
[Signature of the Buyer]
[Name of the Buyer]
Form
Please complete the form below to create the Purchase Option Agreement Template. All fields must be filled out to ensure a clear and comprehensive agreement. We provide examples to guide you through each step. Purchase Option Agreement Template 1. Optionor Information 2. Optionee Information 3. Property Description 4. Purchase Option Terms 5. Consideration 6. Rights and Obligations 7. Conditions Precedent 8. Default and Termination 9. Governing Law 10. Signatures and Acceptance 11. Declaration and Signatures
PDF
WORD
Purchase Option Agreement Template Printable | Editable FormPrintable
