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1. Parties: Identification of all parties to the agreement, including full legal names and addresses
2. Background: Context of the transaction, including description of the property and parties' intentions
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Details: Detailed description of the land, including cadastral details and registry information
5. Grant of Option: Terms of the option grant, including duration and exercise mechanism
6. Option Period: Specification of the time period during which the option may be exercised
7. Option Price: Amount payable for the option itself, if applicable
8. Purchase Price: Agreed purchase price for the land upon exercise of the option
9. Exercise of Option: Process and formalities for exercising the option
10. Conditions: Any conditions precedent or subsequent to the option or purchase
11. Seller's Obligations: Obligations of the property owner during the option period
12. Due Diligence: Rights and process for conducting property investigations
13. Title Warranty: Seller's warranties regarding ownership and encumbrances
14. Completion: Process and requirements for completing the land purchase after option exercise
15. Costs: Allocation of costs including taxes, notary fees, and registration costs
16. Notices: Communication requirements and contact details
17. Governing Law: Confirmation of German law application and jurisdiction
18. Execution: Formal execution blocks meeting German notarial requirements
1. Environmental Matters: Specific provisions regarding environmental conditions and liabilities, used when there are known or potential environmental issues
2. Planning Permissions: Provisions relating to existing or required planning permissions, used when development is intended
3. Tenant Rights: Provisions addressing existing tenancies, used when the property is currently leased
4. Financing Conditions: Provisions relating to buyer's financing arrangements, used when purchase is contingent on financing
5. Development Obligations: Specific requirements for property development, used when the option is tied to development plans
6. Extension Rights: Provisions for extending the option period, used when flexibility might be needed
7. Pre-emption Rights: Provisions addressing any existing pre-emption rights, used when such rights exist
8. Assignment: Rights and restrictions on assignment of the option, used when transfer rights are important
1. Property Plan: Detailed plans and maps of the property
2. Land Register Extract: Current extract from the German land register (Grundbuch)
3. Purchase Agreement Form: Form of the purchase agreement to be executed upon option exercise
4. Encumbrances Schedule: List of existing encumbrances and easements
5. Due Diligence Documents: List of documents provided for due diligence
6. Environmental Reports: Any existing environmental surveys or reports
7. Planning Documents: Existing planning permissions and related documents
8. Title Documents: Copies of relevant title documents and certificates
Beneficiary
Business Day
Completion
Completion Date
Conditions Precedent
Development Plan
Due Diligence Period
Effective Date
Encumbrances
Environmental Laws
Exercise Notice
Exercise Period
Governmental Authority
Grantor
Grantee
Grundbuch
Land
Land Registry
Longstop Date
Material Adverse Change
Notary
Notice
Option
Option Fee
Option Period
Permitted Encumbrances
Planning Permissions
Property
Property Documents
Purchase Price
Purchase Agreement
Related Rights
Relevant Authority
Security Interest
Seller's Warranties
Title Documents
Transaction Documents
Transfer Date
Utilities
Option Grant
Duration
Price and Payment
Exercise Mechanism
Conditions Precedent
Due Diligence
Title Warranties
Representations and Warranties
Property Access
Seller Covenants
Purchaser Covenants
Assignment
Transfer Restrictions
Environmental Matters
Planning and Zoning
Taxes
Registration Requirements
Notarization
Force Majeure
Termination
Default
Remedies
Costs
Notices
Confidentiality
Entire Agreement
Amendment
Severability
Further Assurance
Governing Law
Jurisdiction
Dispute Resolution
Real Estate
Construction
Property Development
Renewable Energy
Industrial Manufacturing
Retail
Logistics
Agriculture
Infrastructure
Commercial Development
Residential Development
Legal
Real Estate
Property Development
Investment
Finance
Risk & Compliance
Commercial
Project Management
Construction
Corporate Development
Real Estate Director
Property Development Manager
Legal Counsel
Investment Manager
Land Acquisition Manager
Project Manager
Commercial Director
Chief Financial Officer
Real Estate Investment Analyst
Development Director
Construction Manager
Risk Manager
Corporate Lawyer
Real Estate Portfolio Manager
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