Common Contracts
1 similar Option Contract for Sale and Purchase contracts
Option Contract for Sale and PurchaseOption Contract for Sale and Purchase • July 1st, 2011
The SELLER, in consideration of the BUYER paying $ (the "Option Deposit"), gives to the BUYER the exclusive option (the "Option") to purchase the property described below (the "Property"). In the event that the BUYER exercises this Option, the Option Deposit shall not be applied towards the purchase price of the Property. The Option Deposit is non-refundable and will be forfeited in the event that BUYER fails to exercise the Option unless otherwise so stated. The BUYER shall have the right to exercise this Option during a period of time beginning at 9:00 a.m. on , 20 and lasting until 5:30 p.m. on , 20 0 (“Option Period”). The Option Period may be extended for an additional period of time for the purpose of obtaining said approval(s) with the consent of both parties.
