Option to Purchase Agreement

OPTION TO PURCHASE AGREEMENT
This Option to Purchase Agreement ("Agreement") is entered into as of [Date] between:
OPTIONOR (Seller): [Seller Name], [Seller Address] ("Optionor")
OPTIONEE (Buyer): [Buyer Name], [Buyer Company Name], [Buyer Address] ("Optionee")
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PROPERTY DESCRIPTION:
Legal Description: [Legal Description]
Property Address: [Property Address]
City: [City], State: [State], ZIP: [ZIP]
County: [County], Parcel Number: [Parcel Number]
Property Type: [ ] Single-Family Home [ ] Multi-Family [ ] Commercial [ ] Land [ ] Other: ___________
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SECTION 1 — GRANT OF OPTION
Optionor hereby grants to Optionee the exclusive and irrevocable right and option to purchase the above-described property ("Property") upon the terms and conditions set forth in this Agreement. This option gives Optionee the exclusive right to purchase the Property at any time during the Option Period specified in Section 4, and Optionor agrees not to solicit or accept any offer to sell the Property from any third party during the Option Period.
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SECTION 2 — OPTION FEE
(a) Optionee shall pay to Optionor the sum of $[Option Fee] ("Option Fee") as consideration for the grant of this exclusive option right to purchase the Property.
(b) The Option Fee shall be paid on or before [Option Fee Due Date] via [payment method — check, wire transfer, ACH]. Payment shall be made to [Optionor Name] at [Optionor Address] or via the following wire instructions: [Bank details].

[Section 2 — continued...]

[Section 3 — fill in your details...]

[Additional clauses and provisions apply...]