Option agreements give prospective purchasers the right to purchase a property at a pre-determined price. This option to purchase will be subject to the terms set out within the agreement and have a specified time scale. At Josiah Hincks, our option agreement solicitors have experience in preparing and negotiating option agreements that are the most suitable for you and your business.
Option agreements are often used in situations where you want to buy or sell a property conditional upon the happening of a certain event meaning that the purchase cannot happen immediately. Option agreements can tie down the buyer and the seller of the property to the deal set out within the agreement.