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It further addresses escrow terms, title delivery, brokerage fee triggers, sale terms and financing, required addenda, mandated disclosures for small residential units, and possession/occupancy provisions.",{"@graph":14,"@context":73},[15,34,56],{"@type":16,"itemListElement":17},"BreadcrumbList",[18,23,27,31],{"item":19,"name":20,"@type":21,"position":22},"https://docshare.wps.com","Home","ListItem",1,{"item":24,"name":25,"@type":21,"position":26},"https://docshare.wps.com/template/","Template",2,{"item":28,"name":29,"@type":21,"position":30},"https://docshare.wps.com/template/forms/","Forms",3,{"item":32,"name":10,"@type":21,"position":33},"https://docshare.wps.com/template/standard-option-to-purchase-irrevocable-right-to-buy/282981/",4,{"url":32,"name":10,"@type":35,"image":36,"author":41,"headline":10,"publisher":44,"fileFormat":47,"inLanguage":8,"description":12,"dateModified":48,"datePublished":49,"encodingFormat":47,"isAccessibleForFree":50,"interactionStatistic":51},"DigitalDocument",{"url":37,"@type":38,"width":39,"height":40},"https://docshare.wps.com/thumbnails/standard-option-to-purchase-irrevocable-right-to-buy/282981.png","ImageObject",442,249,{"name":42,"@type":43},"Seraphina","Person",{"url":19,"name":45,"@type":46},"DocShare","Organization","application/pdf","2026-10-23","2026-09-16",true,{"@type":52,"interactionType":53,"userInteractionCount":55},"InteractionCounter",{"@type":54},"ViewAction",5,{"@type":57,"mainEntity":58},"FAQPage",[59,65,69],{"name":60,"@type":61,"acceptedAnswer":62},"What does the form require under “OPTION MONEY”?","Question",{"text":63,"@type":64},"The optionor receives option money from the optionee, evidenced by cash or check (or another specified form), as consideration for the purchase option.","Answer",{"name":66,"@type":61,"acceptedAnswer":67},"How can the optionee exercise the option?",{"text":68,"@type":64},"The optionee may exercise during the option period by signing escrow instructions identical to Exhibit A and delivering them to escrow, depositing the required cash in escrow, and providing an escrow-certified copy of the signed instructions to the optionor within the option period.",{"name":70,"@type":61,"acceptedAnswer":71},"What disclosures and addenda may be required under the general provisions?",{"text":72,"@type":64},"For four-or-less residential units, the agreement includes mandated checked disclosures such as condition/transfer disclosure, natural hazard disclosure, sexual predator database disclosure, environmental hazards and related safety booklets, HOA documentation if applicable, and supplemental property tax bill notice. Additional addenda may also be attached for other provisions.","https://schema.org",{"og:url":32,"og:type":75,"og:title":10,"og:site_name":45,"og:description":12},"article",{"robots":77,"canonical":32},"index,follow",{"doc_id":79,"site_id":7},282981,1790296168,{"code":4,"msg":82,"data":83},"success",[84,89,94,99,104,109,113,118,122],{"id":85,"doc_module":22,"doc_module_name":25,"category_name":86,"show_sort_weight":87,"slug":88},11,"Presentations",90,"presentations",{"id":90,"doc_module":22,"doc_module_name":25,"category_name":91,"show_sort_weight":92,"slug":93},12,"Resumes",80,"resumes",{"id":95,"doc_module":22,"doc_module_name":25,"category_name":96,"show_sort_weight":97,"slug":98},14,"Invoices",70,"invoices",{"id":100,"doc_module":22,"doc_module_name":25,"category_name":101,"show_sort_weight":102,"slug":103},15,"Posters",60,"posters",{"id":105,"doc_module":22,"doc_module_name":25,"category_name":106,"show_sort_weight":107,"slug":108},16,"Social Media",50,"social-media",{"id":110,"doc_module":22,"doc_module_name":25,"category_name":29,"show_sort_weight":111,"slug":112},17,40,"forms",{"id":114,"doc_module":22,"doc_module_name":25,"category_name":115,"show_sort_weight":116,"slug":117},18,"Letters",30,"letters",{"id":119,"doc_module":22,"doc_module_name":25,"category_name":120,"show_sort_weight":55,"slug":121},21,"Paper Templates","papers-templates",{"id":123,"doc_module":22,"doc_module_name":25,"category_name":124,"show_sort_weight":4,"slug":125},158,"General","general-158",{"code":4,"msg":82,"data":127},{"doc_id":79,"user_id":128,"nickname":42,"user_avatar":129,"doc_module":22,"category_id":110,"category_name":29,"doc_title":10,"doc_description":12,"doc_content":130,"file_id":131,"file_url":132,"file_type":133,"file_size":134,"view_count":55,"is_deleted":4,"is_public":22,"is_downloadable":22,"audit_status":22,"page_count":26,"language":135,"language_code":8,"site_id":7,"html_lang":8,"table_of_contents":136,"faqs":137,"seo_title":138,"seo_description":12,"update_tm":139,"read_time":22},962075114101,"https://ap-avatar.wpscdn.com/avatar/e000253a75eb197efd?x-image-process=image/resize,m_fixed,w_180,h_180&k=1780044092746381165","STANDARD OPTION TO PURCHASE  \nIrrevocable Right-to-Buy  \nNOTE: This form is used by a leasing or sales agent when offers to rent or buy a property include a purchase option exercisable without extensions, to prepare an option as an irrevocable offer to sell with a price and terms for payment exercisable during a single period as an attachment to a lease agreement or an offer to grant an option.  \nDATE:   , 20  , at   , California. Items left blank or unchecked are not applicable.  \n1. OPTION MONEY:  \nOptionor herewith receives from Optionee option money in the amount of $   , evidenced by:  \n􀌆 cash, 􀌆 check, or 􀌆   , given in consideration for this option to purchase real property.  \n2. REAL PROPERTY UNDER OPTION:  \nAddress   Legal description/Assessor’s parcel number    \n3. ADDITIONAL CONSIDERATION:  \nAs further consideration for this option, Optionee is to obtain at their expense and deliver to Optionor prior to expiration % of this option the following checked items regarding the property:  \n􀌆 Property survey report by licensed California surveyors 􀌆 Off-site improvement plans  \n􀌆 Architectural plans and specifications 􀌆 Soil engineer’s report  \n􀌆 On-site engineering plans 􀌆 Land use study  \n􀌆 Zoning ordinance request 􀌆 Application for a conditional use permit  \n􀌆 Application for a parcel map or waiver 􀌆    \n4. OPTION PERIOD:  \nOptionor hereby grants to Optionee the irrevocable option to purchase the Optionor’s right, title and interest in the property on the terms stated, for a period commencing with the acceptance of this option and expiring   , 20   , or 􀌆 on termination of Optionee's leasehold interest in the property.  \n5. EXERCISE OF OPTION:  \nOptionee may exercise this option during the option period by:  \n5.1 Signing escrow instructions identical in provisions to those attached as Exhibit A and delivering the instructions to escrow [See RPI Form 401];  \n5.2 Depositing cash in escrow of $  ; and  \n5.3 Delivering an escrow-certified copy of the signed escrow instructions to Optionor within the option period, in person or by both certified and regular mail.  \n6. ESCROW CONTRACT:  \nIn the event this option is exercised, the transaction will be escrowed with   .  \n6.1 Escrow will close within   days after exercise.  \n7. DELIVERY OF TITLE:  \nOn Optionee's exercise of this option, Optionor will timely place all documents and instruments into escrow required of the Optionor as necessary for escrow to close as scheduled.  \n8. BROKERAGE FEE:  \nOptionor agrees to pay a brokerage fee of $  , or   % of the selling price, IF:  \n8.1 This option is exercised;  \n8.2 Within one year after expiration of option period and any extension or renewal, Optionor enters into an agreement to option, sell, lease or exchange with Optionee, or their assigns or successors; or  \n8.3 Optionor wrongfully prevents the exercise of this option:  \n8.4 Fee payable to Broker(s)   , 8.5 Optionor and Optionee acknowledge receipt of the Agency Law Disclosure. [See RPI Form 305]  \n9. SALE TERMS:  \nPrice of $   payable as follows:  \n9.1 􀌆 All cash.  \n9.2 Cash down payment in the amount of $   \n9.3 􀌆 Take title subject to, or 􀌆 Assume, an existing first trust deed note held by   , with an unpaid principal balance of $  , payable $  monthly, including interest not exceeding   %, 􀌆 ARM, type   , plus a monthly tax/insurance impound payment of $     \na. At closing, loan balance differences per beneficiary statement(s) to be adjusted into:  \n􀌆 cash, 􀌆 carryback note, or 􀌆 sales price. [See RPI Form 415]  \nb. The impound account to be transferred: 􀌆 charged, or 􀌆 without charge, to Optionee.  \n-------------------------------------------------------------PAGE 1 OF 2—FORM 161-----------------------------------------------------------  \n-------------------------------------------------------------PAGE 2 OF 2—FORM 161-----------------------------------------------------------  \n9.4 􀌆 Take title subject to, or 􀌆 Assume, an existing second trust deed note held by   , with ","cbCaijT91OTeZDrE","https://ap.wps.com/l/cbCaijT91OTeZDrE","pdf",801637,"English","# OPTION MONEY\n# REAL PROPERTY UNDER OPTION\n# ADDITIONAL CONSIDERATION\n# OPTION PERIOD\n# EXERCISE OF OPTION\n# ESCROW CONTRACT\n# DELIVERY OF TITLE\n# BROKERAGE FEE\n# SALE TERMS\n## GENERAL PROVISONS\n## EXPIRATION OF OPTION","[{\"question\":\"What does the form require under “OPTION MONEY”?\",\"answer\":\"The optionor receives option money from the optionee, evidenced by cash or check (or another specified form), as consideration for the purchase option.\"},{\"question\":\"How can the optionee exercise the option?\",\"answer\":\"The optionee may exercise during the option period by signing escrow instructions identical to Exhibit A and delivering them to escrow, depositing the required cash in escrow, and providing an escrow-certified copy of the signed instructions to the optionor within the option period.\"},{\"question\":\"What disclosures and addenda may be required under the general provisions?\",\"answer\":\"For four-or-less residential units, the agreement includes mandated checked disclosures such as condition/transfer disclosure, natural hazard disclosure, sexual predator database disclosure, environmental hazards and related safety booklets, HOA documentation if applicable, and supplemental property tax bill notice. Additional addenda may also be attached for other provisions.\"}]","STANDARD OPTION TO PURCHASE - Irrevocable Right-to-Buy | PDF",1789586567]