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1. Development Rights: Used when the Grantee needs rights to investigate development potential during the option period

2. Environmental Matters: Include when environmental investigations are required or environmental issues are known

3. Planning Permissions: Include when exercise of the option is conditional on obtaining specific planning permissions

4. Multiple Properties: Include when the option covers multiple land parcels with specific provisions for each

5. Assignment Rights: Include when the Grantee needs the right to assign the option to other parties

6. Governor's Consent: Include specific provisions regarding obtaining necessary Governor's consent under the Land Use Act

7. Option Extension: Include mechanism for extending the option period if this flexibility is required

1. Property Description: Detailed legal description of the property, including survey plans and title particulars

2. Form of Option Exercise Notice: Prescribed form for validly exercising the option

3. Purchase Price Calculation: If price is variable or requires calculation, detailed methodology and terms

4. Permitted Encumbrances: List of accepted encumbrances or restrictions on the property

5. Due Diligence Requirements: Detailed list of required searches, investigations and documents

6. Required Consents: List of necessary governmental or third-party consents

7. Land Use Restrictions: Any restrictions on land use or development during the option period