Can this addendum be e‑signed?

Yes. Electronic signatures meet federal and state rules when intent, consent, attribution, and durable records are present; see ESIGN Act (15 U.S.C. §7001) and UETA (adopted by 49 states). Exceptions for certain record types may apply.

How does an option get exercised?

Exercise requires timely written notice per the addendum's notice clause, delivery by the specified method, and any required deposit or escrow instruction to be completed within the stated period.

What if the price formula is unclear?

An unclear pricing formula risks litigation. Use a defined valuation method, appraisal triggers, and tie‑breaker language to reduce the chance of dispute at closing.

Who must sign to bind an entity?

An authorized officer or manager signs for corporations or LLCs; attach evidence of authority such as a corporate resolution or certification to avoid challenges to capacity.

Is notarization required to validate the addendum?

Notarization is not universally required for an option to purchase itself, but notarization and witnesses are usually required for deed recordation. Confirm county practice and statute for South Carolina.

How can the option be revoked?

Revocation depends on the addendum terms and consideration. Absent express revocation provisions, unilateral revocation by the optionor may breach the agreement and forfeit consideration.

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South Carolina Option to Purchase Addendum

South Carolina Option to Purchase Addendum

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OPTION TO PURCHASE ADDENDUM
TO RESIDENTIAL LEASE AGREEMENT

This Option to Purchase Addendum to Residential Lease Agreement is entered into by and between

hereinafter referred to as "Lessor", and

hereinafter referred to as "Lessee".

For the valuable considerations described below, the sufficiency of which are hereby acknowledged, Lessor and Lessee do hereby covenant, contract and agree as follows:

1. GRANT OF LEASE: Lessor does hereby lease unto Lessee and Lessee does hereby rent from Lessor the personal residence located at

as described in the Residential Lease Agreement signed on and attached hereto.

2. OPTION TO PURCHASE: Lessee is hereby given an option to purchase the leased premises at any time after

up to the date of termination of this lease for a purchase price of $ payable

in cash at closing. This option to purchase shall be exercised by Lessee by giving () days notice in writing to Lessor. Within

() days after Lessee has exercised this option as herein above provided, a contract of sale shall be executed by Lessor and Lessee, and the sale will be pursued to closing per the terms of said contract. During the duration of the Option, Lessor may not offer the premises for sale to any person except Lessee.

3. ASSIGNMENT OR TRANSFER: Lessee shall not have the right or power to transfer, assign or sublease this option or any provision thereof without the express written consent of Lessor.

4. HEIRS AND ASSIGNS: It is agreed and understood that all covenants of this option shall succeed to and be binding upon the respective heirs, executors, administrators, successors and assigns of the parties hereto, but nothing contained herein shall be construed so as to allow the Lessee to transfer or assign this lease in violation of any term hereof.

5. ENTIRE AGREEMENT: This agreement contains the entire agreement between the parties hereto and neither party is bound by any representations or agreements of any kind except as contained herein.

***

WITNESS THE SIGNATURE(S) this the day of 20

LESSOR

LESSEE

LESSOR

LESSEE

What the South Carolina Option to Purchase Addendum Is and when it applies

The South Carolina Option to Purchase Addendum is a real estate contract attachment that records an option to buy a specific property under pre‑agreed terms. It sets the option period, exercise procedure, purchase price or pricing formula, consideration paid for the option, and closing logistics. The addendum modifies an underlying purchase agreement or lease-option and clarifies deadlines, notice methods, and conditions that permit the option holder to compel a sale. Parties typically use it to preserve a right to purchase while deferring closing until specified contingencies or financing are resolved.

Why parties include an Option to Purchase Addendum

A clear addendum protects both optionor and optionee by documenting exercise mechanics, timing, price terms, and remedies. It reduces ambiguity, helps avoid disputes, and preserves marketability by defining recording and closing steps in advance.

Who typically prepares and relies on this addendum

The addendum is used by parties and professionals involved in residential and commercial option agreements in South Carolina.

Property owners and sellers who want to grant a limited, time‑bound purchase right with defined terms.
Option holders or tenants securing a future purchase right and protecting their deposit or consideration.
Real estate brokers, escrow officers, and attorneys who manage exercise notices, closing, and recording.

Use professional review for unusual pricing formulas, ambiguous contingencies, or when exercising rights affects third‑party interests.

Core elements every professional addendum should include

A complete South Carolina Option to Purchase Addendum spells out parties, property, term, price mechanics, exercise steps, and closing responsibilities to avoid later disputes.

Parties

Full legal names and capacity (individual, trust, LLC) for the optionor and optionee, including contact details and mailing addresses for notices.

Property

Complete legal description or metes and bounds plus street address and parcel/tax ID so title searches and recording are unambiguous.

Option Term

Start and expiration dates, any renewal mechanics, and precise time of day for deadline calculations to prevent missed exercises.

Purchase Price

Fixed price or a clear formula (appraisal, market index) with defined valuation date and tie‑breaker mechanisms for disputes.

Consideration

Amount and treatment of option fee/earnest money (credited at closing or nonrefundable) and escrow handling instructions.

Exercise Procedure

How to give notice (method, recipient, and effective date), required documentation, closing timeframe, and consequences of timely or late exercise.

Essential fields to collect on the addendum

Parties: Names as on ID

Property: Legal description

Price: Exact amount

Term Dates: Start and end

Consideration: Amount and credits

Signature: Signed and dated

Step-by-step: completing the addendum accurately

Follow a consistent sequence: confirm parties and property, choose pricing mechanics, set firm deadlines, specify notice methods, and collect signatures and any required acknowledgements.

01

Review underlying contract: Confirm the addendum aligns with the primary agreement's terms.
02

Enter parties and property: Use full legal names and precise legal description.
03

Set price and term: Specify fixed price or formula and exact dates.
04

Sign and distribute: Obtain all signatures and deliver copies to stakeholders.

Setting up a digital workflow for online completion

Configure a template with required fields, conditional logic, signer order, and authentication to streamline execution and preserve an audit trail.

Field	Configuration
Template	Use reusable template for consistent fields
Authentication	Email + SMS code or higher for identity
Conditional Fields	Reveal price or deadlines based on selections
Notifications	Auto‑notify parties and escrow on execution

How executed addenda are routed and recorded

Understand the usual flow: executed addendum goes to seller, broker/escrow, and counsel; exercised options trigger standard closing and recording steps.

Deliver to Seller: Provide executed copy to the optionor and their counsel.
Send to Broker: Share with listing/representing brokers for commission tracking.
Escrow / Title: Place originals or copies with escrow and title for closing.
Record upon Closing: Deed recorded after exercise and funding, per county practice.

Digital delivery, signing, and platform considerations

Choose eSignature tools that support audit trails, conditional fields, and secure identity verification for enforceability.

Authentication: Use email+SMS or higher‑assurance methods
File Formats: PDF or Word DOCX recommended
Integrations: Connect to title/escrow or CRM systems

Platforms that capture timestamped audit trails and preserve signed copies improve defensibility; check HIPAA/BAA needs only if PHI is involved.

Typical dates and deadlines to record on the addendum

Enter clear, unambiguous deadlines and related closing time frames to avoid forfeiture or disputes when the option is exercised.

Option Start Date:

MM/DD/YYYY when the option becomes exercisable

Option Expiration:

MM/DD/YYYY and time of day when option lapses

Exercise Notice Deadline:

Date by which written notice must be delivered

Closing Window:

Number of days after notice to close

Earnest Money Due:

Date funds become payable or escrowed

Common drafting and execution pitfalls to avoid

Ambiguous price formulas without defined inputs often lead to appraisal disputes and litigation.
Unclear notice instructions (who, how, where) can cause a timely exercise to be treated as ineffective.
Using informal property descriptions or partial addresses can derail title searches and closing.
Failing to state treatment of option fees or credits creates confusion at closing and dispute risk.

Consequences of mistakes or missed deadlines

Missed Deadline: Forfeit the option

Vague Price: Litigation over valuation

Wrong Party Name: Enforceability challenges

Unsigned Addendum: Document may be invalid

Failure to Record: Title priority issues

Conflicting Terms: Contract interpretation disputes

Comparing eSignature vendors for executing the addendum

Vendor pricing and key capabilities relevant to executing and managing option addenda; signNow appears first per comparison format.

	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	Varies by plan	Varies by plan	Varies by plan	Varies by plan
Bulk Send	Yes	Yes	Varies by plan	Yes	Varies by plan
Audit Trail	Yes	Yes	Yes	Yes	Yes
HIPAA Compliant	Yes	Yes	Yes	No	No

Downloading, exporting, and bundling executed addenda

Ensure signed copies and the accompanying audit trail are exported in durable formats for storage, delivery to title, and escrow.

Download Formats

Export signed PDF/A for long‑term preservation and recordability; keep original editable copy separately.

Combined Package

Bundle addendum, notice of exercise, and proof of payment into a single PDF for escrow and title review.

Audit Trail

Preserve a timestamped certificate showing signer identity, IP, and action history with each signed file.

Backup Storage

Keep signed files in secure cloud storage and an offline backup per retention policy.

How to update or amend an existing addendum

Follow a controlled amendment process: draft amendment, obtain all required signatures, document consideration, and distribute countersigned copies.

01

Draft Amendment:

Describe changes and reference original date

02

Consideration:

Note any new consideration or credits

03

Signatures:

All original parties must sign

04

Notarize if needed:

Notarize when recording or per state rule

05

Distribute Copies:

Provide countersigned copies to escrow/title

06

Record if required:

Record amendment only if it affects recorded title

Who is authorized to sign and in what capacity

Seller / Optionor

The named seller or authorized representative must sign in their legal capacity; corporate signers should include printed name and title and, where applicable, an attached corporate resolution or evidence of signing authority.

Buyer / Optionee

The individual or entity receiving the option signs to accept terms; if signing for an entity, include signer's name, title, and a statement of authority to bind the entity.

Notarization and witness steps for execution in South Carolina

South Carolina commonly requires notarization and witness rules for deeds and certain transfer documents; follow local county practices for recordable instruments.

01

Sign Before Notary

Parties should sign in the notary's presence to obtain a valid acknowledgement.

02

Witness Requirement

South Carolina often uses two witnesses for deeds; consult county recorder for practice.

03

Notary Journal

Notaries record the act and may keep audiovisual records where RON is permitted.

04

RON Status

South Carolina RON status may be limited; verify with the state notary commission.

05

Recording Steps

Record deed at county register of deeds after closing; add deed and related affidavits.

06

Title Company

Title counsel confirms witness/notary sufficiency before recordation.

Frequently asked questions about the South Carolina Option to Purchase Addendum

Answers to common execution, validity, and post‑exercise questions for practitioners and parties in South Carolina.

Need help? Contact support

Can this addendum be e‑signed?
Yes. Electronic signatures meet federal and state rules when intent, consent, attribution, and durable records are present; see ESIGN Act (15 U.S.C. §7001) and UETA (adopted by 49 states). Exceptions for certain record types may apply.
How does an option get exercised?
Exercise requires timely written notice per the addendum's notice clause, delivery by the specified method, and any required deposit or escrow instruction to be completed within the stated period.
What if the price formula is unclear?
An unclear pricing formula risks litigation. Use a defined valuation method, appraisal triggers, and tie‑breaker language to reduce the chance of dispute at closing.
Who must sign to bind an entity?
An authorized officer or manager signs for corporations or LLCs; attach evidence of authority such as a corporate resolution or certification to avoid challenges to capacity.
Is notarization required to validate the addendum?
Notarization is not universally required for an option to purchase itself, but notarization and witnesses are usually required for deed recordation. Confirm county practice and statute for South Carolina.
How can the option be revoked?
Revocation depends on the addendum terms and consideration. Absent express revocation provisions, unilateral revocation by the optionor may breach the agreement and forfeit consideration.

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