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The Property Options Contract is a crucial legal instrument in Qatar's real estate market, providing a structured framework for property acquisition rights. This document is typically used when a party wishes to secure the right to purchase a property without immediate commitment to the full transaction. It's particularly valuable in commercial real estate developments, investment projects, or strategic property acquisitions where parties need time to conduct due diligence or secure financing. The agreement must conform to Qatar's Civil Code, Real Estate Registration Law, and where applicable, foreign ownership regulations. The document includes essential elements such as property details, option period, exercise price, and conditions, while accounting for local registration requirements and Sharia law principles. It's commonly used by developers, investors, and businesses expanding their presence in Qatar, offering flexibility while maintaining legal certainty in property transactions.

1. Parties: Identification of the Option Grantor and Option Holder, including full legal names, addresses, and registration details if companies

2. Background: Context of the agreement, relationship between parties, and purpose of the option arrangement

3. Definitions: Defined terms used throughout the agreement, including Property, Option Period, Option Fee, Purchase Price, and Exercise Notice

4. Grant of Option: Clear statement of the option rights being granted, including whether exclusive or non-exclusive

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

6. Option Fee: Amount, payment terms, and whether refundable or non-refundable

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

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

9. Property Details: Detailed description of the property subject to the option

10. Representations and Warranties: Standard warranties regarding property ownership, authority to contract, and property condition

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

12. Governing Law and Jurisdiction: Confirmation of Qatar law application and jurisdiction

13. Notices: Process for serving formal notices under the agreement