US Legal Forms
Option to Purchase Clause

Maryland Option to Purchase Clause

Category:

Leases - Contracts

State:

Multi-State

Control #:

US-CL-605-1

Format:

Instant download

Description

Example of a clause regarding Options to Purchase property. An option to purchase agreement gives a home buyer the exclusive right to purchase a property within a specified time period and for a fixed or sometimes variable price. This, in turn, prevents sellers from providing other parties with offers or selling to them within this time period.

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