Option to Purchase Agreements

Option to Purchase Agreements

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What are Option to Purchase Agreements?

An Option to Purchase Agreement is a legal arrangement that grants one party the exclusive right to buy a property from another party within a specified timeframe and at a predetermined price.

This agreement is commonly used in conveyancing transactions and provides the potential buyer, known as the option holder, with the flexibility to decide whether to proceed with the purchase.

  • Exclusive Right
  • Fixed Price: Timeframe
  • Consideration
  • Non-refundable Option Fee
  • Conditions and Terms
  • Consequences of Non-Exercise
  • Legal Formalities

Find out how our panel of Specialist Solicitors can assist you.

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