Financial
Real Estate Option Agreement
Real estate option contract granting exclusive purchase rights, exercise procedures, option payments, property condition warranties, and time limitations for property acquisition.
Key Clauses
1
Financial Terms
Specifies principal amounts, interest rates, payment schedules, and financial obligations of each party.
2
Default and Remedies
Defines events of default and the remedies available to the non-defaulting party.
3
Representations and Warranties
Contains assurances from each party regarding their authority, financial condition, and compliance.
4
Security and Collateral
Describes any collateral pledged to secure obligations under the agreement.
5
Regulatory Compliance
Ensures the transaction complies with applicable financial regulations and reporting requirements.
Use This Template
When You Need This
- Developer securing option to purchase land for future construction project
- Investor buying option on commercial property for potential development
- Home buyer requesting option period for due diligence and financing
- Business securing option on adjacent property for expansion planning