Option Agreements Real Estate Minnesota

Minnesota Option to Purchase Package
The Forms Professionals Trust! ™
State:
Minnesota
Control #:
MN-P069-PKG
Instant Download
Available formats: Word | Rich Text

Free Preview

Description

With this Option to Purchase Package, you will find the forms that are necessary to exercise a right to purchase property or require another to perform upon agreed-upon terms. In an option agreement, a party purchases the right for a certain time, by election, to purchase property at a stated price.

Included in your package are the following forms:

  1. Option to Purchase Addendum to Residential Lease
  2. Residential Lease Agreement
  3. Option For the Sale and Purchase of Real Estate - Residential Lot or Land
  4. Option For the Sale and Purchase of Real Estate - Residential Home
  5. Option For the Sale and Purchase of Real Estate - Commercial Lot or Land
  6. Option For the Sale and Purchase of Real Estate - Commercial Building
  7. Option For the Sale and Purchase of Real Estate - Farm Land
  8. Option For the Sale and Purchase of Real Estate - General Form

Detailed information on forms included:

  1. Option to Purchase Addendum to Residential Lease - This Option to Purchase Addendum to Residential and Lease Agreement is entered into by and between the lessor and the lessee. The lessor agrees not to offer the residence for sale to anyone during the term of the lease, and to give the lessee (tenant) the option to purchase the residence at any time prior to the expiration of the lease, provided the lessee gives notice of intent to purchase in accordance with the provisions of the Addendum. At that point, a separate contract of sale will be executed and the sale will proceed as any sale would.
  2. Residential Lease Agreement and Option to Purchase - This Residential Lease Agreement and Option to Purchase is entered into by and between the lessor and the lessee. This agreement provides that the lessor will rent to the lessee a personal residence located at the address listed in the agreement. The lessee is responsible for paying rent on a monthly basis and the premises must be used as a private dwelling and for no other purpose.
  3. Option For the Sale and Purchase of Real Estate - Residential Lot or Land - This form is for an option to purchase a residential real estate lot or tract of land. It provides for the payment of option money and the procedures for exercise of the option.
  4. Option For the Sale and Purchase of Real Estate - Residential Home - This form is for an option to purchase a residential home. It provides for the payment of option money, sales price, and all terms of the agreement.
  5. Option For the Sale and Purchase of Real Estate - Commercial Lot or Land - This form is for an option to purchase a commercial lot or land. It contains provisions for the payment of option money and other terms of the transaction.
  6. Option For the Sale and Purchase of Real Estate - Commercial Building - This form provides a buyer with an exclusive and irrevocable option to purchase residential real estate, specifically a commercial building.
  7. Option For the Sale and Purchase of Real Estate - Farm Land - This form is for an option to purchase farm land and includes all terms of the transaction.
  8. Option For the Sale and Purchase of Real Estate - General Form - This form is adaptable for general use as an agreement to purchase an option on real estate. Provisions for all relevant details are included to be adapted for use in a particular transaction.

How To Fill Out Minnesota Option To Purchase Package?

Have any form from 85,000 legal documents such as Minnesota Option to Purchase Package on-line with US Legal Forms. Every template is prepared and updated by state-licensed attorneys.

If you have already a subscription, log in. When you’re on the form’s page, click the Download button and go to My Forms to get access to it.

If you haven’t subscribed yet, follow the steps below:

  1. Check the state-specific requirements for the Minnesota Option to Purchase Package you want to use.
  2. Look through description and preview the template.
  3. When you are confident the sample is what you need, click on Buy Now.
  4. Select a subscription plan that works well for your budget.
  5. Create a personal account.
  6. Pay in a single of two suitable ways: by credit card or via PayPal.
  7. Pick a format to download the document in; two options are available (PDF or Word).
  8. Download the document to the My Forms tab.
  9. Once your reusable template is ready, print it out or save it to your device.

With US Legal Forms, you’ll always have quick access to the proper downloadable sample. The platform provides you with access to forms and divides them into categories to streamline your search. Use US Legal Forms to obtain your Minnesota Option to Purchase Package fast and easy.

All forms provided by US Legal Forms, the nations leading legal forms publisher. When you need a legal form, don't accept anything less than the USlegal™ brand. "The Forms Professionals Trust ™

Form Rating

Form rating image
4.7 Satisfied (500)

Form Popularity

Form popularity graph

FAQ

What is the difference between a lease option and a lease purchase?

How does an option to buy work?

How do you structure a lease purchase agreement?

How long does an option to purchase last?

How does a lease with the option to buy work?

Is lease option to buy a good idea?

How do I record a lease with option to buy?

What is an option to purchase?

How does a lease with option to purchase work?

Gold Award 2006-2018

BEST Legal Forms Company

11 Year Winner in all Categories:
Forms, Features, Customer Service
and Ease of Use.


100% Satisfaction Guarantee

100% Satisfaction Guarantee

"I ordered some Real Estate forms online and as a result of my error, I placed the order twice. This morning I called Customer Service and Vern immediately credited back my Visa the extra amount. No problems, no lectures, no hassle."

Try risk free