Option agreement (simple call option)

This agreement is a simple option to purchase land - simple in that it is not linked in any way to the obtaining of planning permission. It is drafted on the assumption that the seller/landowner's lawyer will be responsible for the drafting.

For option agreements linked to the obtaining of planning permission, see the Property PSL Developer's Option to Purchase - whole, or in parts.

Before using this precedent document, it is advisable to read the drafting notes accompanying it. If you have any queries or comments about this document or the drafting notes, use the contact tab at the top of the page.

An identical copy version, with text form fields (TFF), is included below.