This Agreement is made on: |
in the year
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between: |
(seller) |
from: |
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in the city of: |
in the state of
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and |
(buyer) |
from |
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in the city of |
in the state of
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The Seller now owns the following described real estate, |
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located at: |
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in the city of: |
in the state of
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For valuable consideration, the Seller agrees to give the
Buyer an exclusive option to buy this property for the
following price and on the following terms: |
1. The Buyer will pay the Seller $ |
for this option. |
This amount will be credited against the purchase price of
the property if this option is exercised by the Buyer. If
the option is not exercised, the Seller will retain this
payment. |
2. The option period will be from the date of this Agreement
until: |
in the year of
at which time it will expire unless exercised |
3. During this period, the Buyer has the option and
exclusive right to buy the Seller's property mentioned above |
for the purchase price of $ |
The Buyer
must notify the Seller, in writing, of the decision to
exercise this option. |
4. Attached to this Option Agreement is a completed Contract
for the Sale of Real Estate. If the Buyer notifies the
Seller, in writing, of the decision to exercise the option
within the option period, the Seller and Buyer agree to sign
the Contract for the Sale of Real Estate and complete the
sale on the terms contained in the Contract. |
5. No modification of this Agreement will be effective
unless it is in writing and is signed by both the Buyer and
Seller. This Agreement binds and benefits both the Buyer and
Seller and any successors. Time is of the essence of this
agreement. This document, including any attachments, is the
entire agreement between the Buyer and Seller. |
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This
Agreement is governed by the laws of the State of: |
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Signature: |
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Name: |
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Signature: |
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Name: |
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*The person filling in this online form is required to supply the following: |
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*Name: |
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*Email: |
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Option to Buy Real Estate