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Option Agreement For Purchase Of Real Property
Business Form
Also known as: Agreement With Option to Purchase,
Option to Purchase Real Property, Option to Purchase Real Estate
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Option Agreement For Purchase of Real Property
A buyer or entity acquires an option from the owner of a
parcel (or parcels) of real estate to purchase such real estate, at a
future date and value.
Option Agreement For Purchase of Real Property/partial sample
THIS OPTION AGREEMENT
("Agreement") made and entered into this __day of
_____, 20__, by and between _______, whose principal address
is ________, hereinafter referred to as "Seller"
and ________, whose principal address is __________,
hereinafter referred to as "Purchaser":
W I T N E S S E T H: WHEREAS, Seller is the fee simple owner
of certain real property being, lying and situated in the
County of ______, State of ________, such real property
having the street address of _________
("Premises") and such property being more
particularly described as follows:
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All Provisions of the Option Agreement For
Purchase of Real Property Agreement
Topics covered include:
- Definitions
- Execution Date
- Option Fee
- Option Term
- Grant of Option
- Payment of Fee
- Excise of Option
- Contract For Purchase and Sale of Real Property
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Foreign Person: Before you sign the Option
Agreement . . .
The IRS today reminds all real estate and tax
professionals of the withholding tax and the filing obligations
with respect to two transactions in which a foreign person
disposes of a U.S. real property interest. The
transactions involve the disposition by a foreign person of an
option or contract to acquire a U.S. real property interest, and
the disposition by a foreign corporation of a U.S. real property
interest by way of a transfer to a shareholder.
Save yourself time, expense, and headache by thoroughly
checking out your agreement!
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