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OPTION AGREEMENT FOR PURCHASE OF REAL PROPERTY THIS OPTION AGREEMENT (Agreement”) made and entered into this (1) day of (2), (3), by and between (4), whose principal address is (5), hereinafter
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An option agreement for purchase is a legal contract that gives one party the right to purchase a property at a specified price within a certain period of time.
The parties involved in the option agreement for purchase are required to file the agreement with the appropriate local government or authority.
To fill out an option agreement for purchase, parties should include details such as the property description, purchase price, option fee, expiration date, and any conditions or contingencies.
The purpose of an option agreement for purchase is to secure the right to buy a property at a specific price before a certain date, providing flexibility and protection for both parties involved.
Information that must be reported on an option agreement for purchase includes details of the property, purchase price, option fee, expiration date, and any conditions or contingencies.
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