Option to Purchase Agreement



This option to purchase agreement expresses the intent of the lessee of a property to purchase that property. The terms and conditions of this agreement are legally binding on both parties. As a result, the purchaser and seller are obligated to fulfil their responsibilities and render any performance as set out in the contract.  Except where a cause is recognised by law, should either party fail to adhere to the terms of this agreement, said party would be in breach of the contract.