California Option Agreement between a LLC and a political subdivision of the State

• Category: California Contracts - Option
• State: California
• Control #: CA-C-O-173849-1
• Format: Word; Rich Text

Description

This is a sample Option Agreement between a LLC and a political subdivision of the State. An option contract is a contract that gives the right to one party to enter into a second contract with the other party at a later date. In this type of contract, the prospective purchaser will be granted an option to purchase the issued and outstanding equity interests within a specified period of time. The form may be customized to suit your needs. A California Option Agreement (COA) between an LLC and a political subdivision of the State is a contractual agreement that grants the LLC the right to purchase certain real estate or property owned by the political subdivision. The LLC pays the political subdivision a fee for the option to purchase the property, but does not actually purchase the property until the option is exercised. The COA can be negotiated in a number of different ways between the LLC and the political subdivision. The COA may include provisions for the LLC to make a one-time payment for the option to purchase the property, or to make periodic payments for the option over a specified period of time. The agreement may also include details such as the purchase price of the property, the date and time of the option exercise, and any conditions that must be met for the option to be exercised. There are several types of California Option Agreements between an LLC and a political subdivision of the state. These include Ground Lease Coast, Development Coast, and Contractual Option Coast. A Ground Lease COA is a long-term agreement that gives the LLC the right to lease the property from the political subdivision. A Development COA gives the LLC the right to purchase the property and develop it for a specific purpose. A Contractual Option COA is a short-term agreement that gives the LLC the right to purchase the property at a set price within a specified time frame.

A California Option Agreement (COA) between an LLC and a political subdivision of the State is a contractual agreement that grants the LLC the right to purchase certain real estate or property owned by the political subdivision. The LLC pays the political subdivision a fee for the option to purchase the property, but does not actually purchase the property until the option is exercised. The COA can be negotiated in a number of different ways between the LLC and the political subdivision. The COA may include provisions for the LLC to make a one-time payment for the option to purchase the property, or to make periodic payments for the option over a specified period of time. The agreement may also include details such as the purchase price of the property, the date and time of the option exercise, and any conditions that must be met for the option to be exercised. There are several types of California Option Agreements between an LLC and a political subdivision of the state. These include Ground Lease Coast, Development Coast, and Contractual Option Coast. A Ground Lease COA is a long-term agreement that gives the LLC the right to lease the property from the political subdivision. A Development COA gives the LLC the right to purchase the property and develop it for a specific purpose. A Contractual Option COA is a short-term agreement that gives the LLC the right to purchase the property at a set price within a specified time frame.