Can this agreement be signed electronically?

Yes. Under the federal ESIGN Act (15 U.S.C. ch. 96) and UETA in most states, electronic signatures generally create enforceable agreements if signers show intent, consent, attribution, and the record is retained. Exceptions include matters statutorily excluded from e-signing.

Do I need a notary or witnesses?

Not usually for a basic option contract, but some jurisdictions or lenders prefer notarization when the option will be recorded or when state law requires additional authentication for real property interests. Confirm local requirements before execution.

What if the option period is ambiguous?

Ambiguous timing is a common litigation trigger. Specify start and end dates in MM/DD/YYYY format, include time-of-day if necessary, and set explicit extension mechanics to reduce dispute risk.

How should permits and zoning denials be handled?

Allocate responsibility and timelines for permit applications, provide a procedure for denials (e.g., cure period or termination rights), and consider conditional extensions tied to good-faith permit efforts.

Will an unrecorded option bind future buyers?

An unrecorded option may not provide constructive notice to subsequent purchasers; recording the agreement or memorandum may be necessary to protect priority interests against later bona fide purchasers.

What evidence is best if a signature is challenged?

A tamper-evident PDF with an audit trail showing signer identity, IP address, timestamps, and the platform’s certificate of completion supports attribution. Include explicit consent to electronic records to satisfy ESIGN disclosure requirements.

Electronic Signature
Templates
Miscellaneous
Bumpout Options Agreement

Bumpout Options Agreement

This template is fully customizable. Edit the text, fill out the fields, and send it for signature. Give it a try!

Bumpout Options Agreement

This Bumpout Options Agreement (the Agreement) is entered into as of Effective Date: by and between Owner Name: and Contractor Name: .

Recitals

WHEREAS, Owner is the legal owner of the real property located at:

Property Address:

WHEREAS, Contractor is engaged in the business of design and construction of residential and commercial additions and improvements; and

WHEREAS, Owner desires to engage Contractor to provide certain optional bumpout designs and construction pricing under the terms and conditions set forth in this Agreement, and Contractor agrees to provide such options on the terms set forth herein.

Scope of Work

Contractor shall perform the work described below (the Work). The Work consists solely of the option items described in this Agreement and any work expressly incorporated by written change order executed by both parties.

Detailed Scope of Work (describe bumpout footprint, structural changes, finishes, and exclusions):

Option Selections and Pricing

Owner may elect one or more of the following bumpout options. Selection is made by checking the corresponding checkbox and acknowledging the additional cost. The price shown is an estimate and becomes binding only upon execution of this Agreement or authorized change order.

Option A — Single-window bumpout (adds approximately 2' depth to specified room). Additional Cost: $

Option B — Full wall bumpout with structural header (requires foundation work). Additional Cost: $

Option C — Exterior finish upgrade (matching siding and trim). Additional Cost: $

Other Optional Items (specify):

Payment Terms

The Owner shall pay Contractor for the selected options pursuant to the following terms. All monetary amounts are in U.S. dollars unless otherwise stated.

Total Option Price (sum of selected items): Deposit Amount (due upon execution): Balance Payment Schedule (describe milestones, dates, or percent):

Late payments shall bear interest at the rate set forth below and may result in suspension of Work until amounts due are paid.

Late Fee (annual percentage):

Change Orders

Any additions, deletions, or modifications to the Scope of Work or selected options shall be made only by written change order signed by both parties. Change orders shall specify adjustments to price, schedule, and any other impacted provisions. Contractor shall not be required to commence changed work until a duly executed change order is received and any agreed deposit for the change is paid.

Term and Termination

This Agreement shall commence on Start Date: and shall expire on Completion Date: unless earlier terminated as provided below.

Either party may terminate this Agreement for cause if the other party materially breaches any obligation and fails to cure such breach within the Notice Period shown below after receipt of written notice.

Notice Period to Cure (days):

Owner may terminate for convenience upon providing written notice to Contractor; in such event Contractor shall be entitled to payment for Work performed and documented costs incurred to the date of termination plus reasonable demobilization expenses.

Confidentiality

Each party shall hold in confidence all non-public information received from the other party that is identified as confidential or that reasonably should be understood to be confidential given the nature of the information and the circumstances of disclosure (Confidential Information). Confidential Information does not include information that is publicly known, independently developed without reference to the other's Confidential Information, or required to be disclosed by law.

Confidentiality Period (years):

Insurance, Indemnity, and Warranties

Contractor shall maintain general liability insurance and, where applicable, workers' compensation coverage for its employees. Contractor agrees to indemnify and hold Owner harmless from claims arising out of Contractor’s negligence or willful misconduct in performing the Work. Contractor warrants workmanship for a period of one (1) year from completion unless a different warranty period is specified in a signed change order.

Governing Law

This Agreement shall be governed by and construed in accordance with the laws of the State of , without regard to its conflict of laws principles.

Entire Agreement

This Agreement, including all exhibits and executed change orders, constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior and contemporaneous agreements, representations, and understandings, whether written or oral. No amendment shall be effective unless in writing and signed by both parties.

Owner Printed Name:

By:

Date:

Contractor Printed Name:

By:

Date:

What a Bumpout Options Agreement Is and When it Applies

A Bumpout Options Agreement is a contract granting a property owner or developer the right, but not the obligation, to add a bump-out or exterior extension to an existing structure within a defined period. It sets the scope of the proposed enlargement, timelines for exercise, any option consideration or fee, and which party is responsible for design, permits, and construction. The agreement frames conditions that protect both owner and option-holder, including performance milestones, inspection rights, and remedies for default, and it can be recorded if it affects title or property rights.

Why this Agreement Matters for Property Projects

The agreement creates clear, time-limited rights to modify a building footprint while allocating design, permit, and cost responsibilities. It reduces negotiation friction, preserves development opportunities, and documents consent and obligations in case of sale or financing.

Who Typically Uses a Bumpout Options Agreement

Use this agreement when a party wants an exclusive, temporary right to add a bump-out without immediately committing to construction.

Homeowners and developers seeking a deferred expansion right with defined exercise conditions.
Buyers or tenants negotiating property improvements tied to occupancy or performance milestones.
Lenders or title companies requiring documented rights or restrictions that affect mortgage or title status.

It helps sellers, buyers, lenders, and contractors understand obligations and timing before construction begins.

Core Elements to Include in a Professional Agreement

A complete Bumpout Options Agreement balances specificity with flexibility: define the option, describe the bump-out, set timelines, assign responsibilities, and include dispute and recording provisions.

Option Term

Specify the exact start and end dates for the option period, any extension mechanics, and conditions for automatic termination; avoid vague phrasing that creates ambiguity about when the option may be exercised.

Scope of Work

Describe the bump-out dimensions, materials, and permitted uses in sufficient detail or attach schematic exhibits so permit applications and cost estimates align with the parties’ expectations.

Exercise Consideration

State any payment, deposit, or credit required to secure or exercise the option, including whether consideration is refundable and how it will be applied to construction costs.

Permits & Approvals

Assign responsibility for securing zoning clearance, building permits, and inspections; include timelines for permit applications and fallback procedures if permits are denied.

Construction Obligations

Specify who selects contractors, who pays costs, insurance requirements, site restoration obligations, and a schedule of milestones and completion standards.

Default & Remedies

Outline consequences for failing to meet exercise or construction obligations, including forfeiture of consideration, injunctive relief, or termination rights, plus dispute resolution preferences.

Stepwise Process to Complete and Execute the Agreement

Follow these steps in order to prepare, review, and finalize a Bumpout Options Agreement with minimal delays.

01

Draft: Prepare the agreement and attach exhibits.
02

Review: Have counsel and stakeholders confirm terms.
03

Authenticate: Choose electronic or notarized signing.
04

Record or Distribute: Record if required, and circulate final copies to parties and title/lender.

How to Configure a Digital Signing Workflow

Set up fields, recipients, and authentication so each signer completes only the items required of them.

Field	Configuration
Template	Save a master template with exhibits attached.
Signer Roles	Assign Owner, Optionee, Lender as signer roles.
Authentication	Use email plus SMS or ID verification for critical signers.
Notifications	Set reminders and final delivery of executed PDF.

Where to Send or File the Executed Agreement

Know the typical destinations for a completed agreement depending on its effect on title or financing.

Owner: Keep executed originals for records.
Optionee: Receive a fully executed copy for proof of rights.
Title Company: Deliver if agreement affects title or will be recorded.
Lender: Send if the property has existing financing.

Digital Signing and Distribution Considerations

Choose a platform that supports PDF/X and produces an audit trail with timestamp and signer attribution.

File Formats: PDF and DOCX supported.
Authentication: Email and SMS or stronger ID checks.
Audit Trail: IP, timestamp, and action log.

Typical Timing and Deadlines to Track

Identify and calendar the option period, permit windows, and any milestone-based deadlines to avoid forfeiture or permit denial.

Option Expiration Date:

Last day the option may be exercised; strict enforcement.

Permit Application Window:

Target earliest permit submission to allow reviews.

Construction Start:

Date by which construction must commence if specified.

Inspection Milestones:

Timing for required municipal inspections.

Recording Deadline:

Record any interest affecting title promptly if required.

Common Mistakes That Cause Delay or Disputes

Vague scope descriptions that leave room for differing contractor bids and unexpected cost disputes during construction.
Failing to allocate permit responsibility, which can stall the project and shift costs unexpectedly between parties.
Missing or inconsistent dates that create disputes over whether the option was timely exercised or has lapsed.
Not confirming whether the option affects title or needs recording, which can impact lender approvals and closing processes.

Potential Consequences of an Incorrect or Incomplete Agreement

Forfeiture: Loss of option consideration.

Permit Denial: Delay or prevent construction.

Title Issues: Clouded title if unrecorded interests conflict.

Contract Claims: Breach-of-contract damages.

Injunction Risk: Court orders halting work.

Increased Costs: Higher redesign or remediation expenses.

Comparison of Typical eSignature Vendors for Executing Agreements

Common vendor features and starting prices are shown below. signNow is placed first for consistent comparison across plans and capabilities.

	signNow	DocuSign	Adobe Sign	PandaDoc	HelloSign
Starting Price	$8/user/mo	$15/user/mo	$14/user/mo	$19/user/mo	$15/user/mo
Free Trial	7-day free trial	No	No	Yes, limited	Yes, limited
Bulk Send	Yes	Yes	Yes	Yes	No
Audit Trail	Yes	Yes	Yes	Yes	Yes
HIPAA Compliant	Yes	Yes	Yes	No	No
Envelope Cap	No cap	100 envelopes/user/year	Varies	Varies	Varies

Frequently Asked Questions and Practical Answers

Answers below address common execution, enforceability, and practical questions about Bumpout Options Agreements and electronic signatures.

Need help? Contact support

Can this agreement be signed electronically?
Yes. Under the federal ESIGN Act (15 U.S.C. ch. 96) and UETA in most states, electronic signatures generally create enforceable agreements if signers show intent, consent, attribution, and the record is retained. Exceptions include matters statutorily excluded from e-signing.
Do I need a notary or witnesses?
Not usually for a basic option contract, but some jurisdictions or lenders prefer notarization when the option will be recorded or when state law requires additional authentication for real property interests. Confirm local requirements before execution.
What if the option period is ambiguous?
Ambiguous timing is a common litigation trigger. Specify start and end dates in MM/DD/YYYY format, include time-of-day if necessary, and set explicit extension mechanics to reduce dispute risk.
How should permits and zoning denials be handled?
Allocate responsibility and timelines for permit applications, provide a procedure for denials (e.g., cure period or termination rights), and consider conditional extensions tied to good-faith permit efforts.
Will an unrecorded option bind future buyers?
An unrecorded option may not provide constructive notice to subsequent purchasers; recording the agreement or memorandum may be necessary to protect priority interests against later bona fide purchasers.
What evidence is best if a signature is challenged?
A tamper-evident PDF with an audit trail showing signer identity, IP address, timestamps, and the platform’s certificate of completion supports attribution. Include explicit consent to electronic records to satisfy ESIGN disclosure requirements.

be ready to get more

Join over 28 million airSlate SignNow users

Sign Now