What is a rolling option in real estate?

A rolling option in real estate refers to the ability to add new land parcels to an existing option. This concept is significant in real estate transactions where a buyer may initially have the right to purchase one parcel of land but would like to expand that right to include additional parcels over time. This flexibility can be beneficial for investors or developers who foresee future needs for expansion or exploration of additional properties in a specific area.

This option allows the purchaser to secure the opportunity to acquire more properties without having to renegotiate a completely new agreement each time. The rolling aspect implies that as new parcels become available or as the buyer's needs change, these parcels can be included under the initial negotiation framework, thus facilitating strategic property acquisition and development.

Understanding this feature is crucial for anyone involved in real estate transactions, as it allows for strategic planning and investment opportunities that adapt to changing market conditions or personal objectives.