A purchase option is a right to purchase or lease land or other property interests without any obligation to do so.
Year: 2022
Author(s): Andrew M. Loza
Organization/Source: WeConservePA (formerly Pennsylvania Land Trust Association)
Topic tags: Doing Deals, Purchasing Land, and Print Editions of WeConservePA Guides
Related guides: Purchase and Sale Agreements for Conservation Projects, Purchase Options, and Right of First Offer and Right of First Refusal
Previous editions of this guide were completed in 2009 and 2013.