Option to Buy Real Estate

Use this agreement when you wish to secure the sale or purchase of a parcel of real estate at a predetermined price and date.

An Option to buy Real Estate is a contract between two parties giving the purchaser the exclusive right (without the obligation) to buy the property. During the term of the option no-one else can buy or sell the property including the owner.

For accepting this obligation the seller received and keeps an option fee whether the option is exercised or not.

The option holder (buyer) may then either exercise his or her right under the contract by completing the property purchase. Alternatively the option holder may sell their right (the option) to purchase the property to someone else.

If the option holder exercises his or her right under the contract, the seller is obliged to complete the sale under the predetermined conditions.

An option represents an equitable interest in the property and is often used to gain control over a property without paying the full price.

This Real Estate Option Agreement has been professionally drafted and formatted for your convenience using Microsoft Word, it can be downloaded immediately as an MS Word & Adobe PDF template. You can use this template time after time, simply insert the correct information in the appropriate fields and tab to the next field. Now print your professional agreement!

The document defines rights, and responsibilities of each party and clearly spells out specific conditions that apply to the transaction. This means it protects the interests of those involved by putting in writing what is expected of each party.

The agreement with easy to follow instructions includes the following provisions-

• Option
• Assignment
• GST Adjustment
• Notices
• General
• Governing Law
• The property
• The Contract
  
  

Sample Document Excerpt

This agreement includes a complimentary copy (A $97 VALUE!) of R. P. Emery & Associates newly revised 5th Edition, "Contract Preparation Tips, Hints & Secrets" publication. It will show you in simple terms how to thoroughly cover important legal requirements, and how to complete an agreement in detail. In addition, it contains alternative legal clauses and provisions you can use Click here to read more about the book.

Your ready-to-use kit includes everything you need to formalise your option to buy real estate transaction

Our fully secured e-commerce system allows you to purchase and download your Real estate option Agreement safely. In just a few minutes you can have everything you need to secure the sale or purchase of a property.

• Immediate Download
• AU $99.95
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