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This form is a contract that allows a prospective buyer to enter into an agreement with a seller, in which the buyer is given the exclusive option to purchase the property in the future.

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What is option to purchase

An option to purchase is a legal agreement that gives an individual the right, but not the obligation, to purchase a property at a specified price within a predetermined timeframe.

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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 buyers seeking flexibility in property acquisitions.
Investors looking to secure potential properties for future purchase.
Homeowners wanting to secure a sales price before listing their property.
Landlords interested in offering tenants a purchase option for rental properties.

How to fill out the option to purchase template

1.

Access pdfFiller and upload the option to purchase document.
2.

Start by filling in the date at the top of the document.
3.

Enter the names and contact information of both the buyer and seller in the appropriate sections.
4.

Specify the property details, including the address and legal description.
5.

Clearly outline the option purchase price that the buyer can agree to pay.
6.

Indicate the duration of the option period during which the buyer can exercise their option.
7.

Include any conditions or contingencies that apply to the agreement, such as financing or inspections.
8.

Ensure both parties sign and date the document to make it legally binding.
9.

Review the completed document for accuracy before submitting or printing.