Introduction
This precedent provides a professionally drafted Put and Call Option Agreement for Real Property suitable for property transactions where parties wish to secure the right to buy or sell land at a later date.
Put and call option arrangements are commonly used in development transactions, joint venture structures and property acquisitions where settlement is intended to occur at a future date.
The precedent provides a practical framework for documenting the option arrangement, including option fees, exercise procedures and completion provisions.
Professionally Drafted Legal Precedent
Prepared by Australian legal professionals, this precedent provides a practical framework for use with the Contract for Sale and Purchase of Land 2026.
The document is fully editable in Microsoft Word and ready for immediate use.
At A Glance
What This Document Covers
• Put and call option agreement for real property transactions
• Option fee and option exercise provisions
• Rights of the parties during the option period
• Completion of the property sale following exercise of the option
Key Provisions Included
• Call option allowing the buyer to require the sale of the property
• Put option allowing the seller to require completion of the sale
• Option fee and timing provisions
• Settlement provisions following exercise of the option
Typical Use
• Property development transactions
• Securing property for future acquisition
• Structured property acquisitions
• Joint venture property arrangements
Document Details
• Professionally drafted legal precedent
• Suitable for property option arrangements
• Fully editable Microsoft Word document
• Instant download available after purchase
Drafted by Legal Professionals
Our precedents are prepared by Australian legal practitioners and reflect commonly used legal drafting standards.
Practical and Easy to Use
Each template provides a structured framework that can be adapted to suit the specific transaction or matter.
Instant Access
Download immediately after purchase and edit the document in Microsoft Word to suit your requirements.
Related Precedents
Frequently Asked Questions
What is a put and call option agreement?
A put and call option agreement is a property transaction structure where one party has the option to require the sale of land (call option) and the other party may have the right to require the purchase (put option).
Why are put and call options used in property transactions?
Put and call options are commonly used in property development and investment transactions to secure rights over land while allowing flexibility regarding the timing of the sale.
Is an option fee usually payable?
Yes. Many option agreements require the payment of an option fee to secure the rights granted under the agreement. The fee may be credited towards the purchase price if the option is exercised.
What happens when the option is exercised?
Once the option is exercised the parties are typically required to complete the property sale in accordance with the terms of the agreement and any attached contract for sale.
Also Known As
• Put and call option agreement
• Property option agreement
• Real estate option agreement
• Option to purchase real property
• Property call option agreement
Put and Call Option Agreement – Instant Download
• Lawyer-drafted put and call option agreement for real property
• Suitable for property development and investment transactions
• Fully editable Microsoft Word document
• Instant download available immediately after purchase
Used by lawyers, businesses and commercial operators across Australia.
Download This Precedent
Instant download. Fully editable Microsoft Word format. Includes practical drafting guidance.