Document background
The Option Agreement (Real Estate) is a fundamental instrument in Swiss property transactions, used when a party wishes to secure the right to purchase a property without immediate commitment to the purchase. This document is particularly relevant in development projects, strategic property acquisitions, or when parties need time to arrange financing or conduct due diligence. The agreement must comply with Swiss federal law, including the Swiss Civil Code (ZGB) and Code of Obligations (OR), as well as cantonal requirements for real estate transactions. It typically includes detailed property descriptions, option terms, exercise procedures, and price mechanisms. The Option Agreement (Real Estate) must be notarized to be legally valid in Switzerland and may require additional considerations under Lex Koller if foreign investors are involved. This document type is crucial for managing property acquisition risks while providing clarity and certainty for all parties involved.
