Option Purchase Real Property

 Option to Purchase Vacant Real Property
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Control #:
US-0339BG
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Description option real property purchase

An option contract is a contract that gives the right to one party to enter into a second contract with the other party at a later date. One of the most common forms of option contracts deals with the sale of real estate. In this type of contract, the prospective buyer will be granted an option to purchase the property within a specified period of time.

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