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Option Contract (Real Estate)
"I need a Real Estate Option Contract under Dutch law for a commercial property in Amsterdam, giving the option holder 6 months from March 2025 to exercise their right to purchase, with specific provisions for conducting environmental due diligence."
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 details and parties' intentions
3. Definitions: Definitions of key terms used throughout the agreement
4. Grant of Option: Clear statement of the option being granted, including the specific right to purchase or lease the property
5. Property Description: Detailed description of the property subject to the option, including cadastral details
6. Option Period: Duration of the option, including start and end dates
7. Option Price: Amount payable for the option right itself
8. Purchase Price: Agreed purchase price for the property if the option is exercised
9. Exercise of Option: Process and formalities for exercising the option
10. Payment Terms: Terms for both option price and purchase price payments
11. Conditions Precedent: Any conditions that must be fulfilled before the option can be exercised
12. Due Diligence: Rights and process for property investigation and due diligence
13. Representations and Warranties: Statements of fact and guarantees by both parties
14. Transfer Process: Process for property transfer upon option exercise
15. Notarial Requirements: Requirements for notarial deed and registration
16. Governing Law and Jurisdiction: Confirmation of Dutch law application and jurisdiction
1. Financing Conditions: Include when the option holder requires financing arrangements to exercise the option
2. Environmental Provisions: Include when environmental investigations or warranties are relevant
3. Planning Permission: Include when the option exercise is conditional on obtaining specific planning permissions
4. Assignment Rights: Include when parties want to specifically address the right to assign the option
5. Break Clauses: Include when early termination rights are needed
6. Tax Provisions: Include when specific tax arrangements or allocations need to be addressed
7. Property Management: Include when interim property management arrangements are needed during the option period
8. Development Rights: Include when the option holder has rights to develop the property during the option period
1. Property Details: Detailed property description, including maps, plans, and cadastral information
2. Title Documents: Copies of relevant title documents and registration details
3. Option Exercise Notice: Template form for exercising the option
4. Due Diligence Documents: List of documents provided for due diligence
5. Environmental Reports: Any environmental surveys or reports
6. Planning Documents: Relevant planning permissions and documentation
7. Payment Schedule: Detailed breakdown of payment terms and schedules
8. Property Condition Report: Current condition assessment of the property
Authors
Real Estate
Construction
Property Development
Commercial Property
Residential Property
Retail
Industrial
Hospitality
Urban Development
Agriculture
Legal
Real Estate
Property Management
Business Development
Commercial
Finance
Compliance
Risk Management
Corporate Development
Facilities Management
Real Estate Director
Property Development Manager
Legal Counsel
Commercial Director
Investment Manager
Property Manager
Facilities Manager
Real Estate Agent
Business Development Manager
Project Manager
Corporate Lawyer
Risk Manager
Compliance Officer
Chief Financial Officer
Asset Manager
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