This is an Option Contract for land and or real estate.
This template is ONLY an example intended to educate the general public about real estate law and small business issues. It is not intended to be legal advice. Every property transaction is different and a legal professional should be consulted to complete such Contract so that important legal rights are identified and protected.
An option contract limits the property owners' ability to transfer title to the property in some way for valuable consideration. This contract is frequently used by real estate professionals when control of property is necessary to secure and or inquire as to additional financing options, zoning, assemblage of property, and etc.
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