Real Estate Option Contract Template – US

Disclaimer

The content provided is intended solely as a general example for informational purposes related to property option agreements in the United States. It does not constitute legal advice and should not be relied upon as a substitute for consulting a qualified attorney specializing in real estate or contractual law. Laws and regulations may vary depending on the jurisdiction, and adjustments may be required to ensure compliance with local requirements. The use of this example is the sole responsibility of the user, and we assume no liability for any errors, omissions, or consequences arising from its use without professional review.

Please note: This is a sample template for a Real Estate Option Contract in the US, provided for illustrative purposes only. Actual terms may differ based on specific agreements and relevant laws.

Real Estate Option Contract Sample (US)

Parties Involved:

Option Seller: ABC Real Estate LLC
Address: 789 Market Street, San Francisco, CA 94103

Option Holder: XYZ Investor
Address: 456 Oak Lane, San Francisco, CA 94109

Property Description:

The property subject to this option is located at 789 Elm Street, San Francisco, CA 94107, or any other specified real estate as agreed upon in the contract.

Option Terms:

The Option Holder is granted the exclusive right to purchase the property within a period of 12 months from the effective date, for a purchase price of $1,000,000, in accordance with the terms herein.

Option Consideration:

The Option Holder shall pay an option fee of $50,000 upon signing this agreement, which is non-refundable but may be credited towards the purchase price if the option is exercised.

Responsibilities of the Parties:

The Option Seller agrees to keep the property available for purchase during the option period. The Option Holder agrees to perform due diligence and act in good faith in exercising the option.

Governing Law:

This agreement shall be governed by the laws of the State of California. Disputes shall be resolved within the courts of San Francisco.

Additional Provisions:

• The Option Holder shall exercise the option by providing written notice to the Option Seller before the expiration date.
• This agreement constitutes the entire understanding between the parties and supersedes prior negotiations.
• Any amendments must be made in writing and signed by both parties.

San Francisco, ______________________