Option To Purchase Agreement Template for Ireland

1. Due Diligence: Rights to conduct property investigations and surveys, used when the option holder needs to verify property condition or characteristics

2. Planning Permissions: Conditions relating to planning permissions, used for development properties or when planning approval is needed

3. Environmental Matters: Environmental warranties and indemnities, included for commercial properties or where environmental risks exist

4. Deposit: Terms for any deposit required upon exercise of the option, used in larger transactions

5. Assignment: Rights to assign the option, included when transfer of rights might be needed

6. Mortgage/Financing: Provisions regarding financing arrangements, used when buyer requires funding

7. Tenant Rights: Provisions dealing with existing tenancies, used for leased properties

8. Tax Provisions: Specific tax-related provisions, included for complex commercial transactions

1. Property Description: Detailed description of the property including boundaries, maps, and title numbers

2. Form of Exercise Notice: Prescribed form for the option exercise notice

3. Purchase Price Calculation: Formula or mechanism for calculating the purchase price if not fixed

4. Permitted Encumbrances: List of accepted encumbrances or burdens on the property

5. Due Diligence Documents: List of documents to be provided for due diligence

6. Planning Documents: Relevant planning permissions and applications

7. Title Documents: Copies of relevant title documents and searches