Real Estate Option LOI

REAL ESTATE OPTION LETTER OF INTENT

Parties

Optionor (Owner):

Optionee (Prospective Purchaser):

Property Identification

Option Grant and Term

Optionor hereby grants Optionee the exclusive option to purchase the Property upon the terms set forth below (the "Option"). The Option commences on and expires at 5:00 p.m. local time on (the "Option Period"), unless earlier exercised or terminated in accordance with this Letter of Intent.

Consideration / Option Fee

Optionee shall pay an option fee to Optionor in the amount of $ (the "Option Fee") due within days of the Option commencement date. The Option Fee shall be applied to the Purchase Price at Closing if the Option is exercised in accordance with the terms hereof. The Option Fee is non-refundable except as expressly provided in this Letter of Intent.

Purchase Price & Payment Terms

The proposed purchase price for the Property is $ (the "Purchase Price"), payable as follows: earnest money deposit of $ due at exercise; balance at Closing by wire transfer or other good funds. The parties may agree in a definitive purchase agreement to adjustments for prorations, taxes, and closing costs as customary in similar transactions.

Exercise Procedure

To exercise the Option, Optionee must deliver written notice of exercise to Optionor at the Notice Address below (receipt required) prior to the expiration of the Option Period. Notice of exercise shall specify a proposed Closing Date including a requested Closing window of no less than days after delivery of such notice.

Due Diligence & Inspections

During the Option Period Optionee and its agents shall have the right to enter the Property for inspections, surveys, environmental assessments, and appraisals following reasonable notice to Optionor. Optionee shall restore the Property to its pre-inspection condition and shall indemnify Optionor for any damage caused by such activities. Optionee shall have days from delivery of an exercise notice (or from the date of an additional agreed inspection period) to deliver written objections or to terminate the Option in the event of material adverse conditions discovered.

Financing Contingency

Exercise of the Option may be conditioned upon Optionee's ability to obtain financing on terms acceptable to Optionee, as specified in a definitive purchase agreement. Optionee shall use commercially reasonable efforts to obtain financing; failure to obtain financing within the agreed financing contingency period shall entitle Optionee to terminate without further obligation other than forfeiture or return of the Option Fee pursuant to any express agreement between the parties.

Assignment

The Option may be assigned by Optionee to an affiliate or an entity controlled by Optionee with prior written notice to Optionor. Any other assignment requires Optionor's prior written consent, which shall not be unreasonably withheld when the proposed assignee is creditworthy and legally capable of performing under a definitive purchase agreement.

Title, Survey & Closing

At Closing, Optionor shall convey good and marketable title by general warranty deed (or other agreed form) free of monetary liens except as disclosed in writing prior to exercise. Optionee may obtain a current title commitment and survey at Optionee's expense. Closing shall occur at a mutually agreed escrow or title company on the Closing Date.

Disclosures

The parties represent that they will provide currently known disclosures customary to the jurisdiction. The following known conditions are indicated below:

Lead-based paint present? Yes No

Known mold or water intrusion? Yes No

Prior material property damage or claims? Yes No

Default & Remedies

If Optionee properly exercises the Option and Optionor fails to close, Optionee shall be entitled to pursue specific performance or monetary damages, including recovery of costs and reasonable attorneys' fees incurred to enforce this Letter of Intent. If Optionee fails to timely exercise the Option, Optionor may retain the Option Fee as liquidated damages unless otherwise agreed in writing.

Confidentiality & Non‑Binding Provisions

Except for the provisions expressly stated below as binding, this Letter of Intent is intended only as a summary of the principal terms and is non‑binding. The confidentiality obligation set forth in this paragraph and the Option Fee payment, exclusivity during the Option Period (if any), and any mutual releases or indemnities expressly stated as binding shall be binding on the parties. All other terms are subject to preparation and execution of a definitive purchase agreement.

Notices

All notices required or permitted under this Letter of Intent shall be in writing and delivered to the addresses below by hand, nationally recognized overnight courier, or certified mail, return receipt requested, or by electronic delivery with confirmation:

Governing Law; Entire Agreement

This Letter of Intent shall be governed by and construed in accordance with the laws of the state where the Property is located. This Letter of Intent, together with any binding provisions expressly set forth herein, constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior understandings.

Miscellaneous

Time is of the essence with respect to all dates and deadlines in this Letter of Intent. No amendment shall be effective unless in writing and signed by both parties. If any provision is held invalid, the remaining provisions shall remain in full force and effect.

Acknowledgment

The undersigned represent that they are authorized to execute this Letter of Intent on behalf of the parties identified and acknowledge that execution of a definitive purchase agreement is required to effectuate a transfer of the Property, except as to binding provisions expressly stated herein.

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