Real estate · Editor
Real Estate Purchase Option
Version: Long
REAL ESTATE PURCHASE OPTION
In the city of Asunción, Republic of Paraguay, on [Date: e.g. 05/02/2026], appears on one side [Party A name: e.g. Juan Pérez], holder of ID No. [Party A ID: e.g. 1,234,567], domiciled at [Party A address: e.g. Asunción], hereinafter "PARTY A"; and on the other side [Party B name: e.g. María González], holder of ID/Tax ID No. [Party B ID/Tax ID: e.g. 80012345-6], domiciled at [Party B address: e.g. San Lorenzo], hereinafter "PARTY B". The parties state that they have sufficient capacity to bind themselves and agree to execute this private instrument, subject to the following clauses:
FIRST: PURPOSE
PARTY A and PARTY B agree to to grant in favor of the BENEFICIARY a purchase option over the property [Property: e.g. lot No. 8, city of Luque]. This agreement shall be interpreted in good faith, according to its economic purpose and prudent Paraguayan legal practice.
SECOND: PRICE AND PAYMENT METHOD
As consideration, price, rent, contribution or economic acknowledgment, according to the nature of the act, the parties establish [Option price: e.g. Gs. 5,000,000 (five million guaraníes)], creditable or not to final price as agreed. Every payment must be documented by receipt, bank voucher or sufficient written record.
THIRD: TERM
The term or effectiveness shall be [Term to exercise option: e.g. 90 days], by reliable written notice. Any extension, suspension or amendment must be made in writing and physically or digitally signed by the parties.
FOURTH: OBLIGATIONS OF THE PARTIES
- The GRANTOR shall keep the property available during the option term.
- The BENEFICIARY must communicate in writing the decision to purchase within the term.
- If the option is exercised, the parties shall coordinate documents and notary for final purchase.
FIFTH: REPRESENTATIONS AND WARRANTIES
The parties declare that the stated information is true, that they act without fraud, mistake, violence or intimidation, and that they know the legal and economic scope of the obligations assumed. Expiration of the term without exercise shall extinguish the option without need for notice.
SIXTH: BREACH
Serious breach, unjustified default or lack of essential cooperation shall entitle the performing party to request performance, termination or compensation that may correspond, after notice by reliable means when the nature of the obligation permits it.
SEVENTH: ADDRESSES AND NOTICES
For all purposes of this agreement, the parties establish as special addresses those indicated in the appearance section, where written communications, emails and notices related to performance of the agreement shall be valid.
EIGHTH: JURISDICTION
For any dispute arising from this instrument, the parties shall seek an amicable solution. If disagreement persists, they submit to the competent ordinary courts of the Republic of Paraguay, without prejudice to mandatory rules applicable by subject matter or territory.
TENTH: DOCUMENTS AND SUPPORTING RECORDS
The parties shall keep copies of identity documents, payment receipts, communications and other records related to this instrument. Such background may be used to evidence performance, date, delivery, receipt or any relevant circumstance of the agreement.
ELEVENTH: CONFIDENTIALITY AND GOOD FAITH
Any information exchanged because of this agreement shall be used only for its performance. The parties shall act in good faith, with reasonable cooperation and confidentiality regarding personal, commercial, patrimonial or family information that is not public.
NINTH: ACCEPTANCE
Having read this document and as evidence of agreement, the parties sign two counterparts of the same tenor and for one single effect, at the place and date indicated above.
PARTY A signature: ___________________________
PARTY B signature: ___________________________