With this Option to Purchase Package, you will find the forms that are necessary to exercise a right to purchase property or require another to perform upon agreed-upon terms. In an option agreement, a party purchases the right for a certain time, by election, to purchase property at a stated price.
Included in your package are the following forms:
- Option to Purchase Addendum to Residential Lease
- Residential Lease Agreement
- Option For the Sale and Purchase of Real Estate - Residential Lot or Land
- Option For the Sale and Purchase of Real Estate - Residential Home
- Option For the Sale and Purchase of Real Estate - Commercial Lot or Land
- Option For the Sale and Purchase of Real Estate - Commercial Building
- Option For the Sale and Purchase of Real Estate - Farm Land
- Option For the Sale and Purchase of Real Estate - General Form
Detailed information on forms included:
- Option to Purchase Addendum to Residential Lease - This Option to Purchase Addendum to Residential and Lease Agreement is entered into by and between the lessor and the lessee. The lessor agrees not to offer the residence for sale to anyone during the term of the lease, and to give the lessee (tenant) the option to purchase the residence at any time prior to the expiration of the lease, provided the lessee gives notice of intent to purchase in accordance with the provisions of the Addendum. At that point, a separate contract of sale will be executed and the sale will proceed as any sale would.
- Residential Lease Agreement and Option to Purchase - This Residential Lease Agreement and Option to Purchase is entered into by and between the lessor and the lessee. This agreement provides that the lessor will rent to the lessee a personal residence located at the address listed in the agreement. The lessee is responsible for paying rent on a monthly basis and the premises must be used as a private dwelling and for no other purpose.
- Option For the Sale and Purchase of Real Estate - Residential Lot or Land - This form is for an option to purchase a residential real estate lot or tract of land. It provides for the payment of option money and the procedures for exercise of the option.
- Option For the Sale and Purchase of Real Estate - Residential Home - This form is for an option to purchase a residential home. It provides for the payment of option money, sales price, and all terms of the agreement.
- Option For the Sale and Purchase of Real Estate - Commercial Lot or Land - This form is for an option to purchase a commercial lot or land. It contains provisions for the payment of option money and other terms of the transaction.
- Option For the Sale and Purchase of Real Estate - Commercial Building - This form provides a buyer with an exclusive and irrevocable option to purchase residential real estate, specifically a commercial building.
- Option For the Sale and Purchase of Real Estate - Farm Land - This form is for an option to purchase farm land and includes all terms of the transaction.
- Option For the Sale and Purchase of Real Estate - General Form - This form is adaptable for general use as an agreement to purchase an option on real estate. Provisions for all relevant details are included to be adapted for use in a particular transaction.
Hillsboro Oregon Option to Purchase Package is a comprehensive agreement that allows individuals or businesses to secure the opportunity to purchase real estate properties in Hillsboro, Oregon. The package provides a legally binding contract that outlines the terms and conditions under which the buyer can exercise their option to purchase the property at a future date. The Hillsboro Oregon Option to Purchase Package is designed to protect both the buyer and seller's interests. It typically includes all the essential components of an option agreement, such as the property description, purchase price, option fee, option period, and details of the option exercise. There are various types of Hillsboro Oregon Option to Purchase Packages available, depending on the intended use or purpose of the property. Some common types include: 1. Residential Option to Purchase Package: This package is suitable for individuals or families looking to buy a home in Hillsboro, Oregon. It includes specific clauses related to residential properties, such as inspection contingencies, financing terms, and any applicable homeowner association regulations. 2. Commercial Option to Purchase Package: Designed for businesses seeking to acquire commercial properties in Hillsboro, Oregon, this package encompasses clauses and provisions tailored to commercial real estate transactions. It may include details about zoning restrictions, leaseback options, and compliance with local business regulations. 3. Land Option to Purchase Package: This type of package is suitable for those interested in buying undeveloped land or vacant lots in Hillsboro, Oregon. It may contain provisions related to land use restrictions, environmental assessments, and feasibility studies. 4. Industrial Option to Purchase Package: Geared towards companies looking to purchase industrial properties, this package addresses specific considerations such as access to transportation networks, utility requirements, and compliance with industrial zoning regulations in Hillsboro, Oregon. 5. Mixed-Use Option to Purchase Package: Suitable for properties with both residential and commercial components, this package combines elements from residential and commercial option agreements. It provides a comprehensive set of terms for buyers interested in mixed-use properties in Hillsboro, Oregon. It is crucial for both buyers and sellers to review and understand the specific details outlined in the Hillsboro Oregon Option to Purchase Package before entering into any agreements. Seeking legal advice is highly recommended ensuring compliance with local laws and regulations and to protect one's interests throughout the real estate transaction process.
