Notice of Exercise of Option to Purchase Property

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This Notice of Exercise of Option to Purchase Property will give notice to the property owner that the option holder is exercising the right to purchase the property. This notice sets out the date the option is exercised and to whom title should be transferred.

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This Notice of Exercise of Option to Purchase Property is to a property owner from an option holder setting forth that they will exercise their option to purchase the property. This notice sets out the names of the parties and a description of the property to be purchased. It also authorizes the owner to transfer title to the option holder(s). It is imperative that this type of transaction be set out in writing rather than by oral agreement. A written Notice of Exercise of Option to Purchase Property will be useful in the event there are disagreements or misunderstandings about the property purchase.

This Notice of Exercise of Option to Purchase Property contains the following provisions:
  • Parties: Sets out the name of the property owner and the option holder;
  • Option Information: Sets out the date of the option agreement, the option holder(s) and a detailed description of the property;
  • Title Transfer: Sets out the names of the party or parties to whom title should be transferred;
  • Signatures: The option holder must sign the notice in the presence of a witness.

Protect Your Rights and Your Property by using our attorney-prepared up-to-date forms.

This attorney-prepared packet contains:
  1. General Instructions
  2. Notice of Exercise of Option to Purchase Property
State Law Compliance: This form complies with the laws of all states
This is the content of the form and is provided for your convenience. It is not necessarily what the actual form looks like and does not include the information, instructions and other materials that come with the form you would purchase. An actual sample can also be viewed by clicking on the "Sample Form" near the top left of this page.
 
 
Notice of Exercise of Option
To Purchase Property

 

 

TO:   [Name of Owner of Property]
RE:   Option Agreement dated [Date of Option Agreement] (the "Option") between [Name of Owner of Property] (the "Owner") and [Name of Option Holder] (the "Holder") in respect of the property described as [Description of Property] (the "Property").
The Holder hereby exercises the Option to purchase the Property in accordance with the terms and conditions thereof, and herewith tenders payment of the exercise price in full.
You are hereby authorized and directed to transfer title to the Property into the following name(s):
[Name of 1st Purchaser][Name of 2nd Purchaser]
Date:                , 20___.
 
 
 
x
Witness
 
[Name of Option Holder]
 
 
 
 
 
 
 
[Address of Holder]
 
 
Holder Address
 
Number of Pages3
DimensionsDesigned for Letter Size (8.5" x 11")
EditableYes (.doc, .wpd and .rtf)
UsageUnlimited number of prints
Product number#28999
This is the content of the form and is provided for your convenience. It is not necessarily what the actual form looks like and does not include the information, instructions and other materials that come with the form you would purchase. An actual sample can also be viewed by clicking on the "Sample Form" near the top left of this page.
 
 
Notice of Exercise of Option
To Purchase Property

 

 

TO:   [Name of Owner of Property]
RE:   Option Agreement dated [Date of Option Agreement] (the "Option") between [Name of Owner of Property] (the "Owner") and [Name of Option Holder] (the "Holder") in respect of the property described as [Description of Property] (the "Property").
The Holder hereby exercises the Option to purchase the Property in accordance with the terms and conditions thereof, and herewith tenders payment of the exercise price in full.
You are hereby authorized and directed to transfer title to the Property into the following name(s):
[Name of 1st Purchaser][Name of 2nd Purchaser]
Date:                , 20___.
 
 
 
x
Witness
 
[Name of Option Holder]
 
 
 
 
 
 
 
[Address of Holder]
 
 
Holder Address
 

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Reviews: 5


New Castle,

CO

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It is very nice to have these forms so easily available The form I received worked well for me. Thank you. Larry Schmueser


Newport Beach,

CA

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Worked very well for my purpose. Very efficient for retired attorney that is asked to do something routine from time to time.


Burnsville,

NC

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I had searched for this form on several web sites but couldn't find it. On your website it was easy to find and once downloaded, very easy to use. Very happy with the website and form and would use again.


Northville,

MI

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This experience was great. I got exactly what I wanted at a reasonable price and didn't even have to leave home. I called a title company first but the person that I spoke to didn't even know what an easement form was.


Piqua,

OH

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