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1. Due Diligence: Include when the option holder requires a due diligence period to investigate the property. Specifies the scope, duration, and conditions of the due diligence investigation

2. Financing Contingency: Include when the option holder's ability to purchase is contingent on obtaining financing. Specifies the terms and conditions of the financing requirement

3. Property Maintenance: Include when specific obligations regarding property maintenance during the option period need to be established

4. Assignment Rights: Include when the option holder wishes to have the right to assign the option to another party

5. Rights of First Refusal: Include when there are existing rights of first refusal that need to be addressed or when granting additional rights

6. Broker Provisions: Include when real estate brokers are involved in the transaction

7. Foreign Ownership Compliance: Include when either party is a foreign national, addressing compliance with Philippine foreign ownership restrictions

1. Property Description Schedule: Detailed technical description of the property, including boundaries, technical description, and tax declaration details

2. Title Documents: Copy of the title certificate and other relevant property documents

3. Payment Schedule: Detailed breakdown of the payment terms, including option fee and purchase price payment structure

4. Due Diligence Requirements: List of documents and information to be provided for due diligence

5. Form of Exercise Notice: Template notice for exercising the option

6. Permitted Encumbrances: List of accepted encumbrances or liens on the property

7. Property Inspection Report: Current condition report of the property, if relevant