Option To Purchase Agreement Example

OPTION MONEY: When executing this option, the buyer paid the seller the sum of s as an “option currency”. In the event that the purchaser exercises the option to purchase the property within the original option period or in the case of an extension of the property and there is no other option to delay this agreement, this Money to The Conclusion option applies to the purchase price. EXERCISE OF OPTION: This option to purchase can be exercised by the buyer at any time before midnight, on the 20th of the 20th, by a written notification addressed to the seller at 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. EXPENSES OF SALE: In the event that the purchaser exploits its option to purchase the property in question, the seller undertakes to cover all costs and expenses of the sale, including legal fees, registration fees and all other costs related to the preparation of the guarantee certificate, title certificate and other closing documents. 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. 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.