1. Due Diligence: Terms allowing the Option Holder to conduct property investigations, used when due diligence period is required

2. Assignment: Rights to assign the option to third parties, included if assignment is to be permitted

3. Property Maintenance: Obligations regarding property maintenance during option period, used for longer option periods

4. Exclusivity: Prevents the Grantor from selling to others during the option period, used when exclusive rights are negotiated

5. Force Majeure: Provisions for unforeseen circumstances, included for longer-term options

6. Insurance: Requirements for property insurance during option period, used for valuable properties or longer terms

7. Extension Rights: Terms for extending the option period, included if extension possibilities are negotiated

8. Mortgagee Consent: Required if the property is subject to an existing mortgage

1. Property Details: Detailed technical description of the property, including boundaries and title information

2. Plan: Property plans, maps and surveys

3. Option Exercise Notice: Pro-forma notice for exercising the option

4. Payment Schedule: Detailed breakdown of payment terms and installments if applicable

5. Title Documents: Copies of relevant title documents and certificates

6. Encumbrances: List of any existing encumbrances, easements or restrictions on the property

7. Due Diligence Requirements: Specific requirements and checklist for due diligence if applicable