Land Option Contract Template for United States

1. Development Rights: Used when the option holder requires rights to inspect, test, or develop the property during the option period

2. Environmental Matters: Include when environmental investigations or warranties are necessary

3. Mineral Rights: Required when mineral rights are being retained or specifically transferred

4. Extension Rights: Used when the option holder has the right to extend the option period

5. Right of First Refusal: Include when the option holder has additional rights if the property owner receives other offers

6. Property Access: Used when specific terms for accessing the property during the option period are needed

7. Financing Contingencies: Include when the option exercise is contingent on obtaining financing

8. Zoning and Land Use: Required when specific zoning or use requirements are critical to the option

1. Property Description: Legal description of the property, including boundaries, easements, and encumbrances

2. Option Price Payment Schedule: If the option price is paid in installments, details of payment schedule

3. Due Diligence Documents: List of documents to be provided by the property owner

4. Permitted Encumbrances: List of accepted liens, easements, or other encumbrances

5. Form of Option Exercise Notice: Template for the formal notice to exercise the option

6. Property Plans: Survey plans, site maps, or development plans if relevant

7. Title Exceptions: Specific exceptions to title requirements

8. Environmental Reports: Any existing environmental studies or reports