Option Agreement Land Template for Switzerland

The Option Agreement Land is a crucial document in Swiss real estate transactions, providing a structured framework for securing future property acquisition rights. It is commonly used when parties need time to arrange financing, conduct due diligence, or obtain necessary permits before committing to a full purchase. The agreement must comply with Swiss federal and cantonal requirements, including mandatory notarization and land registry regulations. It's particularly valuable in development projects, investment transactions, or strategic land acquisitions where parties need to secure their interests while managing various contingencies. The document addresses specific Swiss legal requirements, including consideration of Lex Koller restrictions for foreign buyers and cantonal property transfer regulations.

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 ownership status and parties' intentions

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

4. Grant of Option: Clear statement of the option right being granted, including exclusivity provisions

5. Property Description: Detailed legal description of the property subject to the option, including land registry details

6. Option Period: Duration of the option, including start date and expiration date

7. Option Price and Purchase Price: Amount payable for the option and the agreed purchase price for the property if the option is exercised

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

9. Completion: Requirements and process for completing the purchase after option exercise

10. Property Access: Rights of the option holder to access and inspect the property during the option period

11. Grantor's Obligations: Obligations of the property owner during the option period, including maintenance and restrictions on disposal

12. Representations and Warranties: Standard representations about property ownership, authority to contract, and property condition

13. Termination: Circumstances under which the agreement may be terminated and consequences

14. Notarization: Requirements for notarial authentication as per Swiss law

15. Governing Law and Jurisdiction: Confirmation of Swiss law application and jurisdiction