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An option- to-purchase agreement is an arrangement in which, for a fee, a tenant or investor acquires the right to purchase real property sometime in the future.

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What is option to purchase

An option to purchase is a legal agreement that grants a buyer the right, but not the obligation, to purchase a property within a specified time frame at a predetermined price.

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Who needs option to purchase template?

Explore how professionals across industries use pdfFiller.

Option to purchase template is needed by:

Real estate investors seeking control over property purchases.
Homebuyers wanting to secure a future purchase without immediate commitment.
Sellers aiming to attract serious buyers while keeping options open.
Developers needing flexibility in property acquisitions.

How to fill out the option to purchase template

1.

Open the pdfFiller website and log in to your account.
2.

Locate the template for the option to purchase agreement.
3.

Select the document and click on 'Edit' to start filling it out.
4.

Enter the names and details of both the buyer and the seller in the designated fields.
5.

Specify the property details, including the address and legal description, in the appropriate sections.
6.

Indicate the purchase price and any contingencies, such as inspection periods or financing conditions.
7.

Set clear dates for the option period and any other deadlines relevant to the agreement.
8.

Review the document for accuracy, ensuring all parties understand their rights and obligations.
9.

Finally, save and download the completed document or share it for signatures through pdfFiller.