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Grant a tenant or other potential purchaser an option to buy a property in Australia with this Option Agreement to Buy Real Estate. The prospective buyer is granted an exclusive option to purchase the property, so long as the option is exercised prior to a specified termination date. If the purchase option is exercised, the buyer must pay an option fee, which will be applied to the purchase price of the real estate property. The document includes a Sale of House and Land Agreement. This Australian Option Agreement to Buy Real Estate template is provided in MS Word format and can be easily edited.