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1. Due Diligence Conditions: Used when the option holder requires specific due diligence conditions to be met before exercise

2. Development Conditions: Included when the option is contingent on obtaining specific development approvals or permits

3. Environmental Conditions: Required when environmental investigations or remediation may be necessary

4. Financing Conditions: Included when the option exercise is subject to the holder obtaining financing

5. Multiple Properties: Used when the option covers more than one property

6. Option Extension Terms: Included when there are specific provisions for extending the option period

7. First Right of Refusal: Added when the option holder also has first right of refusal if the property is offered to others

8. Tenant Rights: Required when the property has existing tenants with specific rights

1. Property Description: Detailed legal description of the property and any included fixtures or exclusions

2. Option Fee Schedule: Details of option fees, payment schedule, and how fees apply to purchase price

3. Permitted Encumbrances: List of accepted encumbrances that will remain on title

4. Due Diligence Materials: List of documents and materials to be provided for due diligence

5. Form of Exercise Notice: Template notice for exercising the option

6. Purchase Agreement Terms: Key terms to be included in the purchase agreement upon option exercise

7. Property Plans: Site plans, surveys, or other relevant property drawings

8. Environmental Reports: Summary of environmental assessments or reports if applicable