Create your Option to Purchase Package from scratch

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Here's how it works

01. Start with a blank Option to Purchase Package
Open the blank document in the editor, set the document view, and add extra pages if applicable.
02. Add and configure fillable fields
Use the top toolbar to insert fields like text and signature boxes, radio buttons, checkboxes, and more. Assign users to fields.
03. Distribute your form
Share your Option to Purchase Package in seconds via email or a link. You can also download it, export it, or print it out.

Design your Option to Purchase Package in a matter of minutes

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Step 1: Access DocHub to set up your Option to Purchase Package.

Begin by logging into your DocHub account. Utilize the pro DocHub functionality free for 30 days.

Step 2: Navigate to the dashboard.

Once signed in, go to the DocHub dashboard. This is where you'll create your forms and handle your document workflow.

Step 3: Design the Option to Purchase Package.

Click on New Document and select Create Blank Document to be taken to the form builder.

Step 4: Design the form layout.

Use the DocHub features to insert and arrange form fields like text areas, signature boxes, images, and others to your form.

Step 5: Insert text and titles.

Include necessary text, such as questions or instructions, using the text tool to lead the users in your document.

Step 6: Customize field settings.

Modify the properties of each field, such as making them required or formatting them according to the data you expect to collect. Designate recipients if applicable.

Step 7: Review and save.

After you’ve managed to design the Option to Purchase Package, make a final review of your form. Then, save the form within DocHub, transfer it to your preferred location, or distribute it via a link or email.

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Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.
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Rather, the tenant can exercise the option by providing timely notice and make payment upon conveyance of the property. The contract will, however, dictate performance. Thus, if the contract requires payment in order to exercise the option, timely notice alone will not be sufficient.
An option to purchase is an agreement that gives a potential buyer (optionee) the right, but not the obligation, to buy property in the future. The optionee must decide by a certain time whether to exercise the option and thereafter by bound under the contract to purchase.
By choosing a right of first refusal versus an option, the owner of the property has more control over the sale of their property, whereas with an option the holder can force the sale at will. With a Right of First Refusal, the holder must wait until the owner decides to sell the property.
No matter the format, an option to purchase must: 1) state the option fee, 2) set the duration of the option period, 3) outline the price for which the tenant will purchase the property in the future, and 4) comply with local and state laws.
The most interesting part of this arrangement? Once this option is in motion, the seller of the property cant offer the property to anyone else until the agreed-upon time frame is up. Even though the buyer has the option to purchase the property, under an option contract, theyre by no means obligated to do so.
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Related Q&A to Option to Purchase Package

In options trading, to exercise means to put into effect the right to buy or sell the underlying security that is specified in the options contract. To exercise an option, you simply advise your broker that you wish to exercise the option in your contract.
An option is the right to require the owner of property to sell it to you once you meet the terms of the option. The person who pays for the right to buy property later is called the option holder. Buying the property under the option agreement is called exercising the option.
An option to purchase real estate is a contract between the property owner and optionee (buyer). Instead of buying the property right away, an option allows the buyer to pay a certain sum of money for the right to purchase the property on or before a later date.

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