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The Real Estate Option Agreement (Real Estate) is a crucial document in Qatar's property market, used when a potential buyer needs to secure the right to purchase a property while maintaining flexibility in the final decision. This agreement is particularly valuable in complex real estate transactions where buyers need time for due diligence, financing arrangements, or regulatory approvals. Under Qatar's legal framework, which combines civil law and Sharia principles, these agreements must carefully balance the interests of both parties while ensuring compliance with local property laws, including Law No. 16 of 2018 for foreign ownership considerations. The document typically includes comprehensive details about the property, option terms, exercise mechanisms, and completion requirements, making it essential for both commercial and residential property transactions in Qatar.

1. Parties: Identification of the Option Grantor (property owner) and Option Holder, including full legal names and addresses

2. Background: Context of the agreement, including brief description of the property and parties' intentions

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

4. Grant of Option: Core terms of the option, including the exclusive right to purchase the property during the option period

5. Option Period: Duration of the option, including start and end dates, and any extension provisions

6. Option Fee: Amount payable for the option, payment terms, and whether it's refundable or forms part of the purchase price

7. Exercise of Option: Procedure for exercising the option, including notice requirements and timing

8. Purchase Price: Agreed purchase price for the property if the option is exercised, including any adjustment mechanisms

9. Property Details: Comprehensive description of the property, including title details and encumbrances

10. Completion: Process and requirements for completing the sale after option exercise

11. Representations and Warranties: Standard warranties about property ownership, authority to sell, and condition

12. Termination: Circumstances under which the agreement can be terminated and consequences

13. Governing Law and Jurisdiction: Confirmation of Qatar law governance and jurisdiction for disputes