Logourl black

Real estate sales option

Definition

A contract granting a party the opportunity to purchase real estate in the future. To be valid, the contract must identify the buyer and seller, describe the real property to be purchased, and state with certainty the consideration to be provided.

Related Rules [?]


The related rules section is for members only and includes a compilation of all the rules of law in Quimbee's database relating to this key term.

To access the related rules, please start your free trial or log in.