Option Agreement Land Template for United Arab Emirates

1. Conditions Precedent: Used when specific conditions must be met before option exercise, such as regulatory approvals or third-party consents

2. Due Diligence: Include when the option holder requires a due diligence period and access rights

3. Development Conditions: Required when the option is connected to specific development or construction requirements

4. Assignment: Include when parties want to specifically address transfer rights of the option

5. Extension Rights: Used when providing mechanism for extending the option period

6. Deposit Terms: Include when a separate deposit structure is required beyond the option fee

7. Property Management: Required when addressing interim management of the property during the option period

8. Sharia Compliance: Include specific provisions ensuring compliance with Islamic law principles where required

1. Property Schedule: Detailed property description, including plans, title details, and registration information

2. Form of Option Exercise Notice: Template notice for exercising the option

3. Purchase Price Schedule: Detailed breakdown of purchase price and payment terms

4. Due Diligence Requirements: List of required documents and information for due diligence

5. Permitted Encumbrances: List of accepted encumbrances on the property

6. Form of Sale and Purchase Agreement: Draft agreement to be executed upon option exercise

7. Required Approvals: List of necessary governmental and regulatory approvals