¶¶Òõ¶ÌÊÓƵ

The Lease To Own Property Agreement (Mietkauf) is a specialized contract used in German real estate transactions that provides a structured path to property ownership through an initial lease period followed by a purchase option. This document is particularly relevant when buyers need time to build up equity or improve their financial position before completing a full property purchase, or when sellers prefer a graduated sale approach. The agreement must conform to German legal requirements, including notarization under the Beurkundungsgesetz, and typically includes detailed provisions for property maintenance, payment structures, purchase price calculations, and the eventual transfer of ownership. It's commonly used in both residential and commercial property transactions, requiring careful consideration of both tenancy law (Mietrecht) and property purchase law (Kaufrecht) under the German Civil Code.

1. Parties: Identification of the lessor/seller and lessee/buyer with full legal names, addresses, and registration details if applicable

2. Background: Context of the agreement including property details and parties' intention to enter into a lease-to-own arrangement

3. Definitions: Key terms used throughout the agreement including Property, Lease Period, Purchase Option, Purchase Price, etc.

4. Property Description: Detailed description of the property including address, land registry details, and current condition

5. Lease Terms: Terms of the lease including duration, monthly payments, maintenance responsibilities, and usage rights

6. Purchase Option: Details of the purchase option including final purchase price, credit of rental payments, and exercise procedure

7. Payment Terms: Structure of payments including monthly rent, option fees, and purchase price calculation

8. Property Transfer Conditions: Requirements and process for ultimate transfer of property ownership

9. Maintenance and Repairs: Responsibilities for property maintenance during the lease period

10. Insurance and Risk: Insurance requirements and allocation of risk during lease period

11. Default and Termination: Consequences of default and conditions for early termination

12. Notarization: Requirements for notarization under German law

13. Governing Law: Confirmation of German law application and jurisdiction

14. Signatures: Execution blocks for all parties and notary