Real Estate Form

An option- to-purchase agreement is an arrangement in which, for a fee, a tenant or investor acquires the right to purchase real property sometime in the future.

An option to purchase real estate is a legally-binding contract that allows a prospective buyer to enter into an agreement with a seller, in which the buyer is given the exclusive option to purchase the property for a period of time and for a certain (sometimes variable) price.

Buying commercial real estate can be very complex, even for insider pros. It's not the same as buying a home. It takes time, research and planning. Owning commercial property is also a decision that must be weighed very carefully, and each scenario is different for every business.

An option to purchase is an agreement between parties that gives one party (the purchaser) the right to take up the option to purchase property, goods and/or land from the other party (the vendor) at any time within a specified period.

A lease-option is a contract in which a landlord and tenant agree that, at the end of a specified period, the renter can buy the property. The tenant pays an up-front option fee and an additional amount each month that goes toward the eventual down payment.

(a) Notwithstanding Section 1468 or any other provision of law, a covenant made by an owner of land or by the grantee of land to do or refrain from doing some act on his or her own land, which doing or refraining is expressed to be for the benefit of the covenantee, regardless of whether or not it is for the benefit of

An option agreement where a landowner grants a developer a call option to buy land and the developer grants the landowner a put option over all or part of the land in the event that the developer does not exercise the call option.If the put option is exercised, the sale price is an agreed fixed amount.

"It has been said that an option to purchase land does not, before acceptance, vest in the holder of the option an interest in the land.One of the reasons laid down for the general rule that an option is merely a contract right and not an interest in land is that until acceptance there is no equitable conversion.