The Land Option Contract is a strategic legal instrument used in Pakistani real estate transactions where a party wishes to secure the right to purchase property without immediate commitment to the full purchase. This document is particularly valuable in development projects, land banking, and strategic property acquisitions across Pakistan's various provinces. It must comply with federal legislation including the Transfer of Property Act 1882 and Contract Act 1872, as well as provincial land regulations. The contract typically includes essential elements such as property details, option period, purchase price, exercise mechanisms, and due diligence provisions. It's commonly used by developers seeking to secure land for future projects, investors managing acquisition timing, and businesses planning expansion, providing them with flexibility while protecting the interests of both the option grantor and holder.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership of your docs
1. Parties: Identification of the Option Grantor (landowner) and Option Holder, including full legal names, addresses, and registration details if companies
2. Background: Context of the agreement, including brief description of the property and parties' intentions
3. Definitions: Definitions of key terms used throughout the agreement, including 'Option Period', 'Option Fee', 'Purchase Price', and 'Property'
4. Grant of Option: Core terms of the option, including the exclusive right to purchase the property within the specified period
5. Option Period: Duration of the option, including start and end dates
6. Option Fee: Amount of option fee, payment terms, and whether it's applicable to the purchase price
7. Exercise of Option: Process and requirements for exercising the option, including notice requirements
8. Purchase Price: Agreed purchase price for the property if option is exercised
9. Property Description: Detailed legal description of the property, including land area, boundaries, and registration details
10. Representations and Warranties: Standard warranties about property ownership, authority to sell, and absence of encumbrances
11. Termination: Circumstances under which the option agreement can be terminated
12. Governing Law: Specification of Pakistani law and relevant jurisdiction
1. Development Conditions: Used when the option is contingent on obtaining development approvals or permits
2. Multiple Option Periods: Include when there are extension periods available for the option
3. Due Diligence: Include when the option holder requires a due diligence period before exercise
4. Environmental Matters: Include for properties where environmental concerns need to be addressed
5. Third Party Rights: Include when there are existing tenants or other third-party interests in the property
6. Option Premium Adjustments: Include when the option fee varies based on timing or other factors
7. Assignment Rights: Include when transfer of option rights needs to be addressed
8. Force Majeure: Include when specific events beyond parties' control need to be addressed
1. Property Schedule: Detailed property information including title documents, survey plans, and land registration details
2. Payment Schedule: Breakdown of option fees, purchase price, and payment milestones
3. Form of Option Exercise Notice: Template notice for exercising the option
4. Encumbrances Schedule: List of any existing encumbrances, easements, or restrictions on the property
5. Due Diligence Requirements: List of required documents and information for due diligence
6. Development Conditions: Details of any required development approvals or conditions
7. Land Registry Documents: Copies of relevant land registry documents and certificates
Find the exact document you need
Optional Service Contract
A Pakistani law-compliant contract template for optional service offerings, establishing terms for service activation, delivery, and termination.
Download
One Year Lease With Option To Renew
Pakistani lease agreement template for one-year term with renewal option, compliant with local property laws and registration requirements.
Download
Land Lease To Own Contract
A Pakistani law-governed agreement combining property lease terms with provisions for eventual purchase by the tenant, structured as a lease-to-own arrangement.
Download
Vehicle Lease Agreement With Option To Purchase
A Pakistan-compliant vehicle lease agreement that includes an option for the lessee to purchase the vehicle at the end of the lease term.
Download
Non Exclusive Option Agreement
A Pakistani law-governed agreement granting a non-exclusive right to enter into a future transaction within a specified timeframe.
Download
Master Lease With Option To Purchase
A Pakistani law-governed agreement combining property lease terms with a future purchase option, structured to comply with local property and contract legislation.
Download
Lease To Own Land Agreement
A Pakistani law-governed agreement establishing a lease arrangement with an option to purchase land, combining lease and purchase elements while ensuring compliance with local property laws.
Download
Lease And Purchase Agreement
A Pakistani law-governed agreement combining property lease terms with a purchase option, structured to facilitate both temporary occupation and eventual ownership transfer.
Download
Company Equity Share Agreement
A Pakistani law-governed agreement for the issuance or transfer of company shares, detailing ownership terms, rights, and obligations.
Download
Cash Payment Agreement
A Pakistani law-governed agreement establishing terms and conditions for cash payment transactions, ensuring regulatory compliance and payment security.
Download
Consulting Agreement With Stock Options
A Pakistani law-governed agreement establishing consulting services terms and stock option compensation arrangements between a company and a consultant.
Download
Business Lease To Own Agreement
A Pakistani law-governed agreement combining commercial property lease terms with a future purchase option, establishing rights and obligations for both lessor and lessee.
Download
Instalment Sale Agreement Property
A Pakistani law-governed agreement for the sale of property through structured installment payments, detailing payment terms and transfer conditions.
Download
Incentive Stock Option Agreement
A Pakistani law-governed agreement establishing terms for employee stock options, compliant with SECP regulations and local securities laws.
Download
Short Term Investment Agreement
A Pakistani law-governed agreement establishing terms for short-term capital investment, ensuring regulatory compliance and protecting both investor and investee interests.
Download
Seller Financing Purchase Agreement
A Pakistani law-governed agreement combining property sale terms with seller-provided financing arrangements, including payment terms and security interests.
Download
Land Option Contract
A Pakistani law-compliant agreement granting exclusive rights to purchase specified land at a preset price within an agreed timeframe.
Download
Right Of First Refusal Agreement
A Pakistani law-governed agreement granting one party the priority right to enter into a transaction before third parties, establishing terms and procedures for exercising this right.
Download
Vehicle Lease To Own Agreement
A Pakistani law-governed agreement enabling vehicle lease with eventual ownership transfer through structured payments, combining lease and purchase elements.
Download
Share Option Agreement
A Pakistani law-governed agreement setting out terms for granting company stock options to employees or consultants, including exercise rights and obligations.
Download
Lease Option Agreement
A Pakistani law-governed agreement combining property lease terms with an exclusive option to purchase, setting out both rental and potential purchase arrangements.
Download
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)