- Tools and Templates
Date Published: September 2010
This component of the NSP Land Banking Toolkit is intended for grantees and their partners establishing or operating a land bank. This sample land bank purchase option agreement allows a potential purchaser to secure an option to purchase a property while completing due diligence.
Disclaimer: All peer approved resources shared on the HUD Exchange have been provided by the organization that developed them. The documents have not been reviewed by HUD or its contractors for applicability, legality, or compliance with federal statutory and regulatory guidelines. The posting of these documents on the HUD Exchange is not intended as an endorsement of the documents by HUD or any of its contractors.
Please bear in mind that these documents were created by organizations based on their specific needs and objectives, and they may reflect local laws and policies. Grantees and their partners should go through their own process to develop policies and corresponding procedures that are appropriate locally and that are compliant with federal, state, and local law.