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1. Due Diligence: Terms allowing the Grantee to conduct property investigations, used when due diligence period is required

2. Property Management During Option Period: Obligations regarding property maintenance during the option period, used for longer option periods

3. Assignment: Rights to assign the option, included when transferability is contemplated

4. Break Fees: Penalties for early termination, used in commercial contexts

5. GST/Tax Provisions: Detailed tax treatment, included for commercial properties or when GST is applicable

6. Building Condition: Specific provisions about building condition and repairs, used for older properties

7. Planning Permissions: Requirements for obtaining necessary permits, used when change of use is contemplated

1. Property Description Schedule: Detailed property description including lot number, title details, and floor plans

2. Draft Lease Agreement: Full form of lease agreement to be executed upon exercise of option

3. Option Exercise Notice: Pro-forma notice for exercising the option

4. Payment Schedule: Breakdown of option fee, deposit, and other payments

5. Existing Encumbrances: List of existing charges, easements, or other encumbrances affecting the property

6. Property Inventory: List of fixtures, fittings, and equipment included in the lease

7. Condition Report: Current condition of the property with photographs