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Option Agreement Land Template for Switzerland

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Key Requirements PROMPT example:

Option Agreement Land

"I need a Swiss Option Agreement Land for a commercial property in Zurich, where my company wants a 6-month option period starting March 2025, with the right to conduct environmental assessments and obtain development permits before exercising the option."

Document background
The Option Agreement Land is a crucial document in Swiss real estate transactions, providing a structured framework for securing future property acquisition rights. It is commonly used when parties need time to arrange financing, conduct due diligence, or obtain necessary permits before committing to a full purchase. The agreement must comply with Swiss federal and cantonal requirements, including mandatory notarization and land registry regulations. It's particularly valuable in development projects, investment transactions, or strategic land acquisitions where parties need to secure their interests while managing various contingencies. The document addresses specific Swiss legal requirements, including consideration of Lex Koller restrictions for foreign buyers and cantonal property transfer regulations.
Suggested Sections

1. Parties: Identification of the option grantor (property owner) and option holder, including full legal names, addresses, and registration details for legal entities

2. Background: Context of the agreement, including property ownership status and parties' intentions

3. Definitions: Key terms used throughout the agreement, including Property, Option Period, Option Price, and Purchase Price

4. Grant of Option: Clear statement of the option right being granted, including exclusivity provisions

5. Property Description: Detailed legal description of the property subject to the option, including land registry details

6. Option Period: Duration of the option, including start date and expiration date

7. Option Price and Purchase Price: Amount payable for the option and the agreed purchase price for the property if the option is exercised

8. Exercise of Option: Process and formalities for exercising the option, including notice requirements

9. Completion: Requirements and process for completing the purchase after option exercise

10. Property Access: Rights of the option holder to access and inspect the property during the option period

11. Grantor's Obligations: Obligations of the property owner during the option period, including maintenance and restrictions on disposal

12. Representations and Warranties: Standard representations about property ownership, authority to contract, and property condition

13. Termination: Circumstances under which the agreement may be terminated and consequences

14. Notarization: Requirements for notarial authentication as per Swiss law

15. Governing Law and Jurisdiction: Confirmation of Swiss law application and jurisdiction

Optional Sections

1. Development Conditions: Used when the option is contingent on obtaining specific building or development permits

2. Lex Koller Compliance: Required when the option holder is a foreign person or entity subject to Lex Koller restrictions

3. Financing Conditions: Include when the option exercise is subject to obtaining financing

4. Environmental Provisions: Required when there are known or potential environmental issues with the property

5. Tenant Rights: Include when the property is subject to existing tenancies

6. Tax Structure: Used when specific tax arrangements or structures are part of the transaction

7. Assignment Rights: Include when transfer of option rights needs to be addressed

8. Due Diligence Provisions: Detailed provisions for property investigation when extensive due diligence is required

Suggested Schedules

1. Property Details: Detailed property description, including exact measurements, boundaries, and land registry extract

2. Land Registry Plan: Official cadastral survey plan and property maps

3. Option Exercise Notice: Template form for exercising the option

4. Due Diligence Documents: List of documents provided or to be provided for property investigation

5. Existing Encumbrances: List of existing mortgages, easements, or other encumbrances

6. Property Photographs: Current photographs documenting the property's condition

7. Environmental Reports: Any existing environmental assessments or reports

8. Building Permits: Copies of existing building permits or zoning certificates

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions



































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Relevant Industries

Real Estate

Commercial Property Development

Residential Development

Agriculture

Industrial Development

Hospitality

Retail

Infrastructure

Urban Planning

Construction

Investment Management

Relevant Teams

Legal

Real Estate

Property Development

Investment

Finance

Compliance

Operations

Corporate Development

Asset Management

Risk Management

Relevant Roles

Real Estate Manager

Property Development Director

Legal Counsel

Investment Manager

Land Acquisition Manager

Property Portfolio Manager

Real Estate Transaction Manager

Corporate Lawyer

Development Project Manager

Chief Investment Officer

Real Estate Finance Manager

Facilities Director

Asset Manager

Compliance Officer

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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