Option To Purchase Agreement Template – US

Disclaimer

The information provided here is for general illustrative purposes regarding property acquisition options and related contractual arrangements. It is not legal advice and should not substitute consultation with a qualified attorney experienced in real estate transactions and contract law. Legal requirements may differ based on jurisdiction, so modifications might be necessary to ensure compliance. Responsibility for using this example rests solely with the user, and no liability is accepted for errors, omissions, or consequences resulting from unreviewed or improperly implemented use.

Please note: This is a sample Option To Purchase Agreement template for illustrative purposes only. Actual terms may differ based on specific negotiations and legal requirements.

Option To Purchase Agreement Sample

Parties Involved:

Seller: ABC Real Estate LLC
Address: 789 Market Street, San Francisco, CA 94103

Buyer: XYZ Property Buyer
Address: 456 Oak Lane, San Francisco, CA 94109

Property Description:

The property subject to this agreement is located at 789 Elm Street, San Francisco, CA 94107, or other designated real estate as specified herein.

Option Terms:

The Buyer shall have the exclusive option to purchase the described property for a period of 90 days from the date of this agreement, with an option fee of $10,000 payable upon signing. The purchase price and terms shall be specified herein or negotiated prior to exercising the option.

Parties’ Responsibilities:

The Seller agrees to maintain the property in good condition and provide access as necessary. The Buyer agrees to proceed with due diligence and notify the Seller of any intent to exercise the option within the specified timeframe.

Governing Law:

This agreement shall be governed by the laws of the State of California, and any disputes shall be resolved within the courts of San Francisco.

Additional Provisions:

• The Buyer shall conduct all inspections and due diligence within the option period.
• The option fee shall be credited towards the purchase price if the Buyer exercises the option.
• This agreement may only be amended by written mutual consent of both parties.

San Francisco, ______________________