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Michigan Option to Purchase Clause

Category:
Leases - Contracts
State:
Multi-State
Control #:
US-CL-605-1
Format:
Word; 
Rich Text
Instant download
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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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Michigan Option to Purchase Clause
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