Option To Purchase

Business, Legal & Accounting Glossary

Definition: Option To Purchase


Option To Purchase


Full Definition of Option To Purchase


In land law, an option to purchase is a contractual arrangement by which the seller gives the prospective buyer a right to buy within a particular time. To be valid, an option must be supported by consideration, but the consideration may be nominal. An option is a type of estate contract and in order for it to bind a subsequent purchaser, it should be protected by an entry on the charges register against the registered title (if registered) or a class C(iv) land charge if not.


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https://payrollheaven.com/define/option-to-purchase/
Modern Language Association (MLA):
Option To Purchase. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
December 01, 2022 https://payrollheaven.com/define/option-to-purchase/.
Chicago Manual of Style (CMS):
Option To Purchase. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/option-to-purchase/ (accessed: December 01, 2022).
American Psychological Association (APA):
Option To Purchase. PayrollHeaven.com. Retrieved December 01, 2022
, from PayrollHeaven.com website: https://payrollheaven.com/define/option-to-purchase/

Definition Sources


Definitions for Option To Purchase are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 6th April, 2020 | 0 Views.