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Buy NORTH DAKOTA ND announce of Exercise of Option to buy Form Software
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announce of Exercise of Option to buy Form Software

This document is used to notify a Property Owner (Lessor) that the Tenant(Lessee) would like to exercise their option to buy the property. The option to buy must have be included in the original Lease or an amendment to the Lease in order to use this form.

This announce of Exercise of Option to buy should be used when a Tenant (Lessee) is given the option to buy the leased property in the original Lease and the Tenant is ready to proceed with the buy. An Option to buy is a clause often included in residential, commercial, farm, personal property and other lease agreements. This Option allows the Tenant to elect to buy the property for a set price during the term of the Lease. The Tenant has the option to buy the property as long as the option is timely exercised and under any other conditions in the original example. It is through this announce that the Lessee conveys his or her intention to buy the property to the Landlord or Owner.

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