Property option agreements

This is a comprehensive option agreement to buy real property - land or buildings - in a straight forward deal with no "bells and whistles". The price is fixed. The exercise date is fixed. There is no scope for argument. A detailed sale contract is based on the Agreement for Sale and Purchase of Real Estate (Ninth Edition) published by the Auckland District Law Society

This is a simple option agreement that creates a right to buy real property at a set price within a certain time period. It is easy to use, designed specifically for situations where the other party is likely to be less confident in dealing with complicated "legal" matters.

This option agreement includes provision for the exercise price to be paid in stages as the buyer's development proceeds. This enables the seller to share in any uplift in valuation between the date of the grant of the option and the (later) exercise date. This sale contract is based on the Agreement for Sale and Purchase of Real Estate (Ninth Edition) published by the Auckland District Law Society

This option agreement provides for extending the exercise term subject to any condition you require, such as a delay in a local government decision to upgrade a road, for an additional consideration. It is suitable for deals in any type of land or property. 

This option agreement builds on our standard agreement by including paragraphs allowing the buyer of the option to extend the term of the option for a fixed length of time at a later date in return for an additional payment to the seller. It is therefore useful in situations where timing is uncertain. The agreement is written in plain English.

This is a comprehensive option agreement that provides for the option holder to buy the land (or any real estate) in a number of phases, as his development proceeds. This gives the buyer a cash flow advantage. The document covers conveyancing requirements thoroughly.

This is a conditional contract - the entire deal is under contract and both sides are bound - subject only to one or more conditions being met. The most usual condition is a grant of planning permission.