Document background
The Lease To Own Business Contract is designed for situations where a business transfer is structured through an initial lease period leading to eventual ownership. This arrangement, governed by English and Welsh law, allows potential buyers to operate the business while making regular payments before completing the full purchase. The contract typically includes detailed provisions for business operations, asset maintenance, employee matters, and the specific conditions under which the purchase option can be exercised. It's particularly useful when buyers need time to secure financing or want to ensure business viability before completing the purchase.
