This office lease provision states that at the end of the fifth (5th) year of the lease, the tenant shall have an option to purchase the building in which the premises is located at fair market value.
North Carolina Provision Setting Out a Purchase Option
Category:
State:
Multi-State
Control #:
US-OL2404
Format:
Word;
PDF
Instant download
Description
How to fill out Provision Setting Out A Purchase Option?
Are you currently in the placement where you need paperwork for both company or individual functions just about every time? There are plenty of legal file web templates available on the Internet, but finding versions you can trust is not straightforward. US Legal Forms offers 1000s of type web templates, much like the North Carolina Provision Setting Out a Purchase Option, that happen to be created in order to meet federal and state demands.
Should you be already knowledgeable about US Legal Forms web site and also have your account, just log in. After that, you are able to download the North Carolina Provision Setting Out a Purchase Option template.
If you do not have an bank account and would like to begin to use US Legal Forms, abide by these steps:
- Find the type you want and ensure it is for the right town/state.
- Utilize the Review button to check the shape.
- Browse the description to ensure that you have selected the appropriate type.
- If the type is not what you are looking for, make use of the Lookup area to find the type that fits your needs and demands.
- Once you find the right type, click Get now.
- Choose the costs strategy you would like, fill in the specified info to produce your bank account, and buy the order making use of your PayPal or charge card.
- Decide on a convenient file structure and download your copy.
Locate every one of the file web templates you might have purchased in the My Forms menu. You may get a more copy of North Carolina Provision Setting Out a Purchase Option anytime, if necessary. Just go through the required type to download or produce the file template.
Use US Legal Forms, one of the most comprehensive variety of legal forms, to save lots of efforts and avoid blunders. The service offers professionally created legal file web templates that can be used for a range of functions. Make your account on US Legal Forms and begin making your daily life a little easier.
Form popularity
FAQ
What is an "option to purchase" agreement? An option to purchase is an agreement that gives a potential buyer (?optionee?) the right, but not the obligation, to buy property in the future. The optionee must decide by a certain time whether to ?exercise? the option and thereafter by bound under the contract to purchase.
A buyer's option, in commercial contracts, is an agreement between a vendor and a buyer that defines price and specifications over a specified period for a product.
In the residential context, an option to purchase is usually a part of a rent-to-own agreement, also called a lease-option. This involves a tenant entering into a standard lease or rental agreement, in addition to acquiring the option to purchase the rental property in the future.
An option ... is a contract by which the owner of property agrees with another that he shall have the right to purchase the same at a fixed price within a certain time. It is in legal effect an offer to sell, coupled with an agreement to hold .
What Is An Option To Purchase? 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.
Option Contracts in Real Estate The contract must be in writing. The contract must specify the location, such as the lot and block, subdivision, city, and state. The agreed-upon time frame of the contract must grant the buyer's right to purchase. The buyer and the seller must agree upon the purchase price.
The purchase contract is you buying the house. You're obligated to buy. The option to purchase makes the seller obligated to sell but you're not obligated to buy. You simply have the option to buy.
An option assignment represents the seller's obligation to fulfill the terms of the contract by either selling or buying the underlying security at the exercise price. This obligation is triggered when the buyer of an option contract exercises their right to buy or sell the underlying security.
