An option is a contract to purchase the right for a certain time, by election, to purchase property at a stated price. An option may be a right to purchase property or require another to perform upon agreed-upon terms. By purchasing an option, a person is paying for the opportunity to elect or "exercise" the right for the property to be purchased or the performance of the other party to be required. "Exercise" of an option normally requires notice and payment of the contract price. The option will state when it must be exercised, and if not exercised within that time, it expires. If the option is not exercised, the amount paid for the option is not refundable.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.Memphis Tennessee Opción de venta de bienes inmuebles si la opción se ejecuta dentro de cierto período de tiempo - Oferta continua - Option to Sell Real Property if Option Executed within Certain Period of Time - Continuing Offer
State:
Multi-State
City:
Memphis
Control #:
US-01041BG
Format:
Word
Instant download
Description
Free preview
