1. Multiple Properties: Section needed when the option covers multiple properties with potentially different terms

2. Staged Exercise: Required when the option can be exercised in stages or for different portions of the property

3. Third Party Rights: Needed when there are existing tenants or other third-party rights affecting the property

4. Due Diligence: Optional section detailing any due diligence rights prior to option exercise

5. Assignment: Include when parties want to specifically address whether the option rights can be assigned

6. Planning and Permits: Required when the option exercise is conditional on obtaining specific permits or planning approvals

7. Deposit Arrangements: Include when a deposit is required upon option exercise

8. Tax Provisions: Specific tax arrangements and responsibilities, particularly relevant for commercial properties

1. Property Description: Detailed description of the property, including cadastral plans and boundaries

2. Form of Exercise Notice: Prescribed form for the option exercise notice

3. Due Diligence Documents: List of documents to be provided for due diligence

4. Permitted Encumbrances: List of accepted encumbrances or burdens on the property

5. Title Documentation: Copies of relevant title documents and searches

6. Purchase Price Calculation: Detailed methodology for calculating the final purchase price, if complex

7. Completion Requirements: Checklist of documents and requirements for completion