• US Legal Forms

Pennsylvania Option Purchase Contract

State:
Pennsylvania
Control #:
PA-812LT
Format:
Word; 
Rich Text
Instant download

Description

Legal notice to Lessor of exercise of option to purchase by Tenant. This is a notice to the Landlord of Tenant's right to purchase the real estate as agreed to in the initial contract. This letter acts as a legal notice and complies with state statutory laws.

An option is a contract to purchase the right for a certain time, by election, to purchase property at a stated price. An option may be a right to purchase property or require another to perform upon agreed-upon terms. By purchasing an option, a person is paying for the opportunity to elect or "exercise" the right for the property to be purchased or the performance of the other party to be required. "Exercise" of an option normally requires notice and payment of the contract price. The option will state when it must be exercised, and if not exercised within that time, it expires. If the option is not exercised, the amount paid for the option is not refundable. Sometimes an option is the right to renew a contract, such as a lease or some other existing business relationship. A "lease-option" contract provides for a lease of property with the right to purchase the property during or upon expiration of the lease.

How to fill out Pennsylvania Notice To Lessor Exercising Option To Purchase?

The work with papers isn't the most easy process, especially for people who rarely work with legal paperwork. That's why we recommend using correct Pennsylvania Notice to Lessor Exercising Option to Purchase samples made by professional lawyers. It allows you to avoid troubles when in court or working with official institutions. Find the files you want on our site for top-quality forms and accurate descriptions.

If you’re a user with a US Legal Forms subscription, simply log in your account. As soon as you’re in, the Download button will immediately appear on the file webpage. Soon after accessing the sample, it’ll be saved in the My Forms menu.

Customers without a subscription can quickly create an account. Utilize this simple step-by-step help guide to get the Pennsylvania Notice to Lessor Exercising Option to Purchase:

  1. Make certain that the sample you found is eligible for use in the state it is required in.
  2. Verify the document. Make use of the Preview feature or read its description (if available).
  3. Buy Now if this file is the thing you need or go back to the Search field to get another one.
  4. Choose a suitable subscription and create your account.
  5. Use your PayPal or credit card to pay for the service.
  6. Download your document in a preferred format.

After doing these simple actions, you are able to complete the form in your favorite editor. Double-check completed information and consider asking an attorney to review your Pennsylvania Notice to Lessor Exercising Option to Purchase for correctness. With US Legal Forms, everything gets much easier. Try it now!

Trusted and secure by over 3 million people of the world’s leading companies

Pennsylvania Option Purchase Contract