option to purchase real property

option to purchase real property
A contract by which an owner of real estate agrees with another person that the latter shall have the privilege of buying the property at a specified price within a specified time, or within a reasonable time in the future, and imposes no obligation to purchase upon the person to whom it is given. 55 Am J1st V & P§27.

Ballentine's law dictionary. . 1998.

Игры ⚽ Нужно сделать НИР?

Look at other dictionaries:

  • Real estate broker — This article is about the North American practice. For other definitions and practices in other countries, see Real estate. For real property, see Real property. Realtor redirects here. For the real estate industry trade association that refers… …   Wikipedia

  • property law — Introduction       principles, policies, and rules by which disputes over property are to be resolved and by which property transactions may be structured. What distinguishes property law from other kinds of law is that property law deals with… …   Universalium

  • Rent to own (real estate) — Rent to own is a real estate term relating to a real estate agreement which is comprised of a rental lease and a purchase agreement where the tenant has the option to purchase the property at a fixed price at a specified point of time in the… …   Wikipedia

  • Lease-option — A lease option (or lease purchase) is the abbreviated form of the appropriate term lease with option to purchase. It is a type of contract used in residential real estate. The contract is typically between two parties: the tenant (also called the …   Wikipedia

  • Real Life Ministries — is a non denominational, Evangelical Christian church in Post Falls, Idaho, situated in Kootenai County, Idaho. The church was planted in 1998 by four families, including now senior pastor and elder, Jim Putman. Since its founding, the church has …   Wikipedia

  • Option (filmmaking) — Optioned redirects here. For uses of this term outside the film industry, see Option (disambiguation). In the film industry, an option is a contractual agreement between a potential film producer, such as a movie studio, a production company or… …   Wikipedia

  • Real estate (Second Life) — Second Life, an online world owned by Linden Lab has been operating since 2003.citeweb url=http://videogames.yahoo.com/newsarticle?eid=434909 page=0 title=Second Life goes live publisher=Yahoo! author=Parker, Sam date=June 23, 2003… …   Wikipedia

  • Option fee — In a real estate context, an option fee is money paid by a Buyer to a Seller for the option to terminate a real estate contract. Option fee funds should not be confused with earnest money. The use of option fees is most common in the residential… …   Wikipedia

  • Creative real estate investing — is a term used to describe non traditional methods of buying and selling real estate. Typically, a buyer will secure financing from a lending institution and pay for the full amount of the purchase price with a combination of the borrowed funds… …   Wikipedia

  • Community property — For the Steel Panther song, see Feel the Steel. Community property is a marital property regime that originated in civil law jurisdictions and is now also found in some common law jurisdictions. The states of the United States that recognize… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”