New York Option to Purchase Package

New York Option to Purchase Package
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NY-P069-PKG
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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 New York Option To Purchase Package?

When it comes to filling out New York Option to Purchase Package, you almost certainly think about a long process that requires getting a suitable form among hundreds of similar ones after which having to pay out a lawyer to fill it out to suit your needs. In general, that’s a slow and expensive choice. Use US Legal Forms and select the state-specific form in a matter of clicks.

In case you have a subscription, just log in and click Download to get the New York Option to Purchase Package template.

If you don’t have an account yet but need one, follow the point-by-point manual listed below:

  1. Be sure the file you’re saving is valid in your state (or the state it’s needed in).
  2. Do so by looking at the form’s description and through clicking on the Preview option (if offered) to view the form’s content.
  3. Click Buy Now.
  4. Choose the suitable plan for your budget.
  5. Subscribe to an account and select how you would like to pay: by PayPal or by credit card.
  6. Download the document in .pdf or .docx format.
  7. Find the record on the device or in your My Forms folder.

Professional lawyers work on drawing up our samples to ensure after downloading, you don't have to worry about enhancing content outside of your personal info or your business’s info. Sign up for US Legal Forms and receive your New York Option to Purchase Package document now.

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FAQ

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