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option agreement for purchase of real property contract for purchase sale of real property in the event that the purchaser in the event that the purchaser exercises its exclusive option as provided for in the preceding paragraph seller agrees to sell and purchaser option agreement templates for purchase of land we have expanded our portfolio of property documents with the addition of option agreement templates what is an option agreement an option agreement is a legally binding contract entered into by a landowner and a potential buyer option to purchase property free legal forms in the event that purchaser exercises the option to purchase this property within the initial option period or any extension thereof and is not in default in any other terms of this agreement said option money shall apply toward the purchase price at closing legal forms option contract template nicole flannagan this is an option contract for land and or real estate this template is only an example intended to educate the general public about real estate law and small business issues property option agreements templates for developers an option places the option holder usually the potential property buyer in control of whether the property is sold a conditional contract tends to favour the seller in that he knows he has sold subject only to the condition being met option to purchase property a good investment strategy property option contracts are more complex than a standard real estate contract and require greater time to prepare additional time is also required to negotiate the terms of the agreement with the vendor free residential lease with an option to purchase remember that this agreement is a standard residential lease agreement with an option to purchase the property during a period of the term the buyer is not bound to purchasing the property although if the buyer chooses to buy the property the seller will be obligated to sell under the terms of the agreement lease agreement with option to purchase real estate beginning as rent for the property for the term of this lease option and during any extensions thereof all all rental payments shall be due and payable in advance on the 10th day of each and every month option to buy agreement template word pdf by option to buy agreement template download now simply fill in the blanks and print in minutes instant access to 1 800 business and legal forms download samples of professional document drafts in word doc and excel xls format what is the difference between an option agreement and a an option agreement and a conditional contract are both legally binding contracts but are often mixed up as they have similar concepts but completely different legal implications
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