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Property Options Contract
"I need a Property Options Contract for a commercial land parcel in Zurich, with a 12-month option period starting March 2025, including specific provisions for environmental due diligence and potential development permits."
1. Parties: Identification of the option grantor (property owner) and option holder, including full legal names and addresses
2. Background: Context of the agreement and brief description of the property and parties' intentions
3. Definitions: Key terms used throughout the agreement, including Property, Option Period, Option Price, and Purchase Price
4. Grant of Option: Express grant of the option rights and basic terms of the option
5. Option Period: Duration of the option, including start and end dates
6. Option Price: Amount payable for the option right itself, payment terms and conditions
7. Purchase Price: Price for the property if the option is exercised, including any adjustment mechanisms
8. Exercise of Option: Process and formalities for exercising the option, including notice requirements
9. Completion: Terms and process for completing the property purchase upon option exercise
10. Property Title: Warranties regarding property title and any encumbrances
11. Representations and Warranties: Standard representations and warranties from both parties
12. Termination: Circumstances under which the agreement can be terminated
13. Governing Law and Jurisdiction: Confirmation of Swiss law application and jurisdiction
14. Notices: Process for giving formal notices under the agreement
15. General Provisions: Standard boilerplate clauses including entire agreement, amendments, and severability
1. Due Diligence: Terms for conducting property investigations and surveys - include when due diligence period is part of the option
2. Financing Conditions: Include when the option exercise is subject to the buyer obtaining financing
3. Development Conditions: Include when the option is connected to specific development or planning permissions
4. Environmental Provisions: Include when environmental investigations or warranties are specifically required
5. Tenant Provisions: Include when the property has existing tenants and their rights need to be addressed
6. Assignment Rights: Include when the option holder may want to transfer the option rights
7. Extension Rights: Include when there's a possibility to extend the option period
8. Multiple Properties: Include when the option covers multiple properties with specific terms for each
1. Property Description: Detailed legal description of the property, including land registry details
2. Title Documents: List of relevant title documents and encumbrances
3. Form of Exercise Notice: Template for the formal notice to exercise the option
4. Purchase Agreement Terms: Terms that will apply to the purchase agreement upon exercise of the option
5. Due Diligence Documents: List of documents provided or to be provided for due diligence
6. Existing Encumbrances: Details of any existing mortgages, easements, or other encumbrances
7. Plans and Drawings: Property plans, boundary maps, and relevant drawings
8. Payment Schedule: Detailed breakdown of payment terms and schedules for both option and purchase price
Authors
Business Day
Cantonal Requirements
Completion
Completion Date
Deposit
Due Diligence Materials
Due Diligence Period
Effective Date
Encumbrances
Environmental Laws
Exercise Notice
Exercise Period
Governmental Authority
Land Register (Grundbuch)
Long Stop Date
Notary
Option
Option Exercise Date
Option Fee
Option Period
Option Price
Parties
Permitted Encumbrances
Property
Property Documents
Property Rights
Purchase Price
Purchaser
Registration Requirements
Seller
Swiss Law
Title Documents
Transaction Documents
Transfer Deed
Transfer Taxes
Valuation
VAT
Working Hours
Option Period
Option Price
Exercise of Option
Purchase Price
Property Description
Title Warranties
Due Diligence
Conditions Precedent
Completion
Representations and Warranties
Environmental Compliance
Property Transfer
Registration Requirements
Tax Provisions
Notarization
Assignment
Force Majeure
Termination
Governing Law
Dispute Resolution
Notices
Confidentiality
Entire Agreement
Amendment
Severability
Costs
Further Assurance
Time of Essence
Waiver
Third Party Rights
Real Estate
Property Development
Commercial Property
Residential Property
Hospitality
Retail
Industrial
Agriculture
Mixed-Use Development
Urban Planning
Construction
Banking and Finance
Legal
Real Estate
Property Development
Investment
Finance
Corporate Development
Asset Management
Risk Management
Facilities Management
Project Management
Real Estate Director
Property Development Manager
Legal Counsel
Chief Investment Officer
Land Acquisition Manager
Real Estate Investment Manager
Commercial Property Manager
Development Director
Head of Real Estate
Property Portfolio Manager
Real Estate Transaction Manager
Corporate Lawyer
Facilities Manager
Asset Manager
Chief Financial Officer
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