Real Estate Option Agreement Form
PRICE PURCHASE: The purchase price of the property is .. The purchase price after the option is applied is paid by urchaser to the cash seller. Financial statements are made within 15 days of the delivery to the purchaser of an acceptable property certificate referred to in paragraph IV. DEFAULT BY PURCHASER: In the event of the buyer`s failure to exercise this option or if the buyer is late after the exercise of this option, all of the money the buyer pays to the seller after the execution of this agreement or in the event of a renewal is retained by the seller as a liquidated damage and in return for granting this option to the buyer. and all of the buyer`s rights under this agreement. Have you found a property you might want to buy? Then, our option to purchase the form will help you book it first and give you valuable time to consider. EXTENSION: The buyer has the right to extend the period in which this option can be exercised until midnight, 20 euros to pay the Seller an additional amount of 1 in cash before the expiration of the original option period and to prohibit the seller from choosing to extend the option. At the end of the sale within the extended option period, this amount applies to the purchase price. - For specific option forms that you can download in Word format, go to EXERCISE OF OPTION: This option to purchase can be exercised by the buyer at any time before midnight on the 20th by written notification to the seller, which is addressed to the following address: .
. . All messages are considered certified to the seller after filing in the U.S. mail, accused of requested return, addressed to the address above. TITLE: Within fifteen (15) days after the buyer exercises this option as stated above, the seller must pass on to the buyer or the buyer`s lawyer a certificate of ownership of a serious lawyer whose certificate is accompanied by proof of insurance covering the property described in paragraph I, which reflects this simple property of the person`s property. , and the same is ensured by a title company of the buyer`s choice. This certificate is subject only to taxes for the current year, facilities and fees to register and book previous minerals. If this certificate reflects other title exceptions that are unacceptable to the purchaser, the buyer must notify the seller in writing of defects within fifteen (15) days (the review period) and the seller has a reasonable period of time (but no more than 25 days) to make the title marketable and marketable or insurable, and will exercise the necessary diligence to do so.
If the seller is unable to make the property acceptable to the buyer within a reasonable period of time after the use of the due diligence obligation, the buyer may accept the property in its current condition without the seller being required to remedy a defect or revoke that contract. In the event of termination of this contract, all the money that the buyer pays to the seller after the execution of the agreement or in the event of a renewal is returned to the buyer and this contract is concluded without any other commitment from one of the parties to the other party. If the title is acceptable to the purchaser, the closing is completed within 15 days of the end of the "title review period."