Gives a prospective buyer a right to choose, during a specified period, whether or not to purchase the property. Prevents the vendor from offering the property to another prospective buyer during the option period.
a contract that removes the property from the active list and gives you site control (not ownership)
a contract which creates an interest in land in favour of the Option Holder and can be registered against the title of the landowner
an agreement obtained from a property owner/seller (the optionor) by a prospective purchaser/borrower (the optionee) granting the optionee the exclusive right to purchase the property at a specified price for a limited time
A legally binding document which gives a person, for a fee, the right to buy something a property within a specific time frame at a specific price.
An offer conferred by agreement to accept or reject an offer to buy property within a certain period of time.
A contract between the owner of a property and a prospective buyer giving the buyer the right, but not the obligation, to buy the property within a certain time period.
A right to purchase property at a future date: a call.
Right conferred by agreement to accept or reject an offer to buy property within a certain time. Possession Date: Date on which the Purchaser is entitled to move in and take physical possession of the property, usually the same day as Adjustment Date and after Completion Date.
A mututal agreement between buyer and seller which gives the right to buy property at an agreed price during a specified period.
An option to purchase is a contract between a landowner and a potential purchaser, under which the potential purchaser pays the landowner a sum of money in return for the right to purchase the property if the owner decides to sell.
A right, for a stated period of time, to acquire a specific property at a specific price.
An agreement to keep open, for a set period, an offer to sell or lease real property.
Contract that gives one the right, without any obligation, to purchase a property, within a certain period of time and at a certain price, subject to conditions.