Document background
The Option Agreement (Real Estate) is a crucial document in Dutch property transactions, used when a party wishes to secure the right to purchase a property without immediate commitment to the purchase. This agreement is particularly relevant in development projects, strategic acquisitions, or when parties need time for due diligence and financing arrangements. Under Dutch law, the agreement must comply with specific requirements of the Dutch Civil Code regarding property rights and transfers. It typically includes detailed provisions about the property, exercise price, option period, conditions for exercise, and completion requirements. The document serves as a binding preliminary agreement that can lead to a full property transfer if the option is exercised.
