Canada Option to Purchase Land

Give a purchaser an option to purchase land with this downloadable template for Canada.

• The purchase price will include all permanent fixtures on the land.
• The vendor has the right to register a covenant restricting the use of the land, which the purchaser must agree to and abide by.
• The purchaser has the right to register a caveat on title to the land, with respect to its interest under the option.
• The purchaser can exercise the option for either all or part of the land.
• The option is irrevocable, meaning the vendor cannot revoke it until the option period has expired.

The Canada Option to Purchase Land form is in MS Word format and is fully editable.