Lessee Lessor Option Form
Use a Lessee Lessor Option template to make your document workflow more streamlined.
What the option form does
The Lessee Lessor Option Form records a lessee’s and lessor’s agreement about an option connected to a lease or property arrangement. It identifies the parties, describes the relevant premises, states the option terms and dates, and captures the signatures needed to document consent. With signNow, a sender uploads the form, reviews or adds fillable fields, assigns each signer, and sends it for completion. The executed document and audit trail can then be retained as the parties’ electronic record, subject to applicable contract, property, and state-law requirements.
Who uses this option form
Real estate
Real estate professionals use the Lessee Lessor Option Form to document a tenant’s option rights, property terms, exercise deadline, notice method, and signatures. Keeping the parties’ exact names and negotiated terms together helps create a retrievable agreement for lease administration and later review.
Commercial leasing
Commercial landlords, tenants, and their attorneys use the form when an option clause needs a separate signed record. signNow supports field placement, signer routing, electronic signatures, and an audit trail for documenting who signed and when.
How the option form works
The Lessee Lessor Option Form records the parties’ agreed option terms, collects signatures, and preserves evidence of completion in a defined sequence.
Enter option details: Add the parties, property, option terms, dates, notices, and signature requirements. Check the agreement: Review the document for consistent names, addresses, dates, and financial terms. Route for signatures: Send the form to the lessee and lessor through signNow’s signing workflow. Archive the record: Store the signed form with its audit trail for future reference.
Complete the option form in signNow
Follow these steps to prepare, route, sign, and preserve the Lessee Lessor Option Form in signNow.
Upload the form:
Upload the current Lessee Lessor Option Form and review the detected fields. Place required fields:
Add or correct party, property, option, date, and signature fields. Assign signers:
Assign each field to the lessee or lessor before sending. Send for signing:
Send the form and monitor each signer’s completion status. Save the record:
Download the signed agreement and audit trail after completion.
Recommended option-form workflow settings
Configure the Lessee Lessor Option Form around verified parties, clear consent, reliable evidence, and controlled access to the completed agreement.
| Setting | Recommendation |
|---|---|
| Authentication method | Email verification with SMS OTP |
| Signature type | Typed or drawn electronic signature |
| Audit trail | Enable completion certificate and action history |
| Document retention | Retain through the lease policy period |
| Encryption | Use TLS 1.2/1.3 and AES-256 protection for records and transfers. |
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Ways to send and sign the option form
- Use the signNow web app when preparing the option form, placing fields, assigning parties, and reviewing the final document before delivery.
- Use the signNow mobile app when a property manager or leasing professional needs to review and sign the option form from a phone or tablet.
- Use kiosk mode for supervised, in-person completion when multiple parties sign on a controlled device and the workflow requires a shared signing station.
- Use a shareable signing link when the intended recipient should open the Lessee Lessor Option Form without receiving a separate email invitation.
Security for signed option records
Data in transit:
Data at rest:
Security controls:
Information security:
Electronic signatures:
Protected health information:
Platform options for the option form
Complete the Lessee Lessor Option Form through supported desktop browsers or the signNow mobile apps for iOS and Android. Use TLS 1.2/1.3 connections and capture a paper copy with a device camera before preparing it for electronic signing.
Desktop browsers Chrome, Firefox, Safari, and Edge Mobile apps iOS and Android signNow apps Document capture Camera capture for scanned forms
Teams handling property agreements should manage mobile access through approved devices and account permissions. Business plans provide mobile apps, while larger deployments can evaluate SSO, API access, and advanced authentication needs through the applicable signNow plan or add-on.
Challenges when completing the option form
Leaving the option exercise deadline blank can make the parties’ obligations and the lessee’s notice rights difficult to establish. Using inconsistent property descriptions or unit numbers can create uncertainty about which leased premises the option covers. Failing to identify every required signer can leave the signed option agreement incomplete or difficult to enforce against a party. Sending an outdated template can omit negotiated terms, resulting in a signed document that does not reflect the parties’ current agreement.
State rules and excluded documents
State acknowledgment
No testamentary use
Court process required
Recording may fail
Best practices for option agreements
Accurate parties, clear option terms, and a preserved signing record reduce disputes over the Lessee Lessor Option Form.
Identify parties and option terms
Check dates and property details
Obtain informed signer review
Preserve the signed record
Processing stages for the option form
Use a controlled sequence from document preparation through signer completion and archival for the Lessee Lessor Option Form.
Prepare the document
Deliver to signers
Complete signer review
Archive the record
Legal standing for business transactions
A signed Lessee Lessor Option Form can support evidence of the parties’ agreement when intent, consent, signer attribution, and reliable record retention are established under ESIGN and applicable state law. Electronic-signature rules do not cover wills, codicils, testamentary trusts, court orders, official court filings, or family-law decrees.
Troubleshooting the Lessee Lessor Option Form
Resolve field, routing, consent, and recordkeeping issues before the Lessee Lessor Option Form is finalized and distributed.
Upload the current Lessee Lessor Option Form as a PDF or supported document, then use signNow’s editor to place or adjust fields where automatic detection does not identify the option date, party information, or signature areas correctly.
The signNow Business plan includes templates, audit trails, mobile apps, and legally binding eSignatures. Review the field placement manually before sending, because automatic detection cannot determine whether a term matches the parties’ negotiated lease option.
Use signNow’s signer routing to send the Lessee Lessor Option Form to the lessee and lessor in the intended order. Confirm each recipient’s email address and role before delivery to prevent unauthorized attribution.
A signNow audit trail records signing activity, timestamps, IP information, and the action history. Under ESIGN and UETA, preserve a reproducible electronic record and evidence of intent, consent, and signer attribution.
The Business Premium plan includes bulk send, but a single Lessee Lessor Option Form usually requires individual party and property terms. Use a template only when variable fields are controlled and reviewed before sending.
For a consumer-facing transaction, provide the ESIGN disclosure required by 15 U.S.C. §7001(c), including paper-record access and withdrawal procedures. signNow can capture electronic signatures, but the parties remain responsible for legally required disclosures.
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