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1. Parties: Identification of the option grantor (property owner) and option holder, including full legal names and addresses

2. Background: Context of the agreement, including brief property description and parties' intention to enter into an option arrangement

3. Definitions: Key terms used throughout the agreement, including 'Property', 'Option Period', 'Option Fee', 'Purchase Price', and 'Completion Date'

4. Grant of Option: Core provision granting the exclusive option to purchase the property, including the option period duration

5. Option Fee: Details of the option fee amount, payment terms, and whether it's refundable or forms part of the purchase price

6. Exercise of Option: Mechanism and procedure for exercising the option, including notice requirements and timing

7. Purchase Price: Agreed purchase price for the property and payment terms if option is exercised

8. Property Condition: Current state of the property and any warranties regarding its condition

9. Completion: Completion requirements, timing, and procedures if option is exercised

10. Termination: Circumstances under which the agreement may be terminated and consequences

11. Stamp Duty: Obligations regarding payment of stamp duty and other transaction taxes

12. General Provisions: Standard clauses including governing law, notices, and entire agreement

1. Property Details: Detailed description of the property including address, lot number, and registered details

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

3. Inventory List: List of fixtures, fittings, and contents included in the sale

4. Existing Tenancies: Details of any existing tenancy agreements affecting the property

5. Outstanding Works: List of any repairs or works to be completed before completion

6. Title Documents: List of relevant title documents and their locations

7. Encumbrances: Details of any existing mortgages, charges, or other encumbrances