Create a bespoke document in minutes, Â or upload and review your own.
Get your first 2 documents free
Your data doesn't train Genie's AI
You keep IP ownership of your information
Lease Option Agreement Property
1. Parties: Identification of the lessor/option grantor and lessee/option holder, including full legal names, addresses, and registration numbers if applicable
2. Background: Context of the agreement, including property details and the parties' intention to enter into both a lease and purchase option arrangement
3. Definitions: Key terms used throughout the agreement, including Property, Option Period, Purchase Price, and other relevant terminology
4. Lease Terms: Core terms of the lease including rent amount, payment schedule, duration, and permitted use of the property
5. Option Grant: Explicit grant of the option to purchase, including the option period and conditions for exercise
6. Option Exercise: Process and requirements for exercising the purchase option, including notice requirements and time frames
7. Purchase Price: Agreed purchase price or method of calculation, including any rent credits or adjustments
8. Property Maintenance: Responsibilities for maintenance, repairs, and improvements during the lease period
9. Insurance and Liability: Required insurance coverage and allocation of risks between parties
10. Assignment and Subletting: Restrictions and conditions for transferring lease or option rights
11. Default and Remedies: Events of default under lease or option terms and available remedies
12. Notices: Requirements for formal communications between parties
13. Governing Law: Confirmation of Danish law application and jurisdiction
14. Signatures: Execution blocks for all parties and witnesses if required
1. Rent Credit: Include when portion of rent payments will be credited toward purchase price
2. Property Improvements: Include when lessee is permitted to make improvements and how these affect option price
3. Multiple Properties: Include when option covers multiple properties or units
4. Environmental Conditions: Include for properties with known environmental issues or specific requirements
5. Third-Party Rights: Include when there are existing tenants or other third-party rights affecting the property
6. Mortgage Provisions: Include when existing mortgages affect the option terms
7. Early Purchase Provisions: Include when early exercise of the option is permitted under specific conditions
1. Property Description: Detailed description of the property including boundaries, fixtures, and fittings
2. Floor Plans: Official floor plans and property drawings
3. Rent Schedule: Detailed breakdown of rent payments and increases
4. Condition Report: Initial condition assessment of the property
5. Permitted Alterations: List of alterations the lessee is permitted to make
6. Property Title Documents: Copies of relevant title documents and registrations
7. Environmental Reports: Any environmental assessments or reports if applicable
8. Existing Encumbrances: List of any existing mortgages, easements, or other encumbrances
Authors
Find the exact document you need
Download our whitepaper on the future of AI in Legal
³Ò±ð²Ô¾±±ð’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
Our bank-grade security infrastructure undergoes regular external audits
We are ISO27001 certified, so your data is secure
Organizational security
You retain IP ownership of your documents
You have full control over your data and who gets to see it
Innovation in privacy:
Genie partnered with the Computational Privacy Department at Imperial College London
Together, we ran a £1 million research project on privacy and anonymity in legal contracts
Want to know more?
Visit our for more details and real-time security updates.
Read our Privacy Policy.