58d57c37_TERMS___Whitehorse_Real_Estate__Definition
[Term] Option Agreement [Definition] 
A document stipulating that, in exchange for a deposit, a specified individual is to be given the first chance to buy a property at or within a specified period of time. An option holder who does not buy at or within the specified period loses the deposit and the agreement is cancelled.
WHITEHORSE REAL ESTATE TERMS - Whitehorse Real Estate
Definition