¶¶Òõ¶ÌÊÓÆµ

Property Lease With Option To Buy Template for Ireland

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Property Lease With Option To Buy

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Property Lease With Option To Buy

"I need a Property Lease With Option To Buy agreement for a residential property in Dublin, Ireland, with a 2-year initial lease term starting March 1, 2025, and an option to purchase at a pre-agreed price of €450,000 that can be exercised after 18 months of tenancy."

Document background
The Property Lease With Option To Buy agreement is a specialized legal document used in Ireland when parties wish to combine a property lease with the option for the tenant to purchase the property at a later date. This arrangement is particularly useful for tenants who wish to eventually own the property but need time to arrange financing or assess the property's suitability for their long-term needs. The document is commonly used in both residential and commercial contexts, providing flexibility while ensuring legal certainty for all parties. It must comply with Irish property law, including the Residential Tenancies Act 2004 and the Land and Conveyancing Law Reform Act 2009, and typically includes detailed provisions for rent payments, property maintenance, purchase price calculation, and the specific conditions under which the purchase option can be exercised. This type of agreement has gained popularity as an alternative path to property ownership, particularly in situations where immediate purchase is not feasible or desired.
Suggested Sections

1. Parties: Identification of the landlord/seller and tenant/potential buyer, including full legal names and addresses

2. Background: Context of the agreement, including property details and intention to combine lease with purchase option

3. Definitions: Defined terms used throughout the agreement, including specific terminology for both lease and purchase aspects

4. Lease Terms: Core lease provisions including duration, rent amount, payment terms, and renewal conditions

5. Property Use and Maintenance: Permitted use of property, maintenance responsibilities, and condition requirements

6. Option to Purchase: Details of the purchase option, including price, duration of option, and exercise conditions

7. Exercise of Option: Process and requirements for exercising the purchase option, including notice requirements

8. Purchase Price and Payment: Purchase price calculation, credit for rent paid, and payment terms upon exercise of option

9. Property Transfer Terms: Conditions and process for property transfer upon exercise of purchase option

10. Insurance Requirements: Required insurance coverage during lease term and transition to purchase

11. Default and Remedies: Consequences of default under either lease or purchase option terms

12. Notices: Requirements for formal communications between parties

13. Governing Law: Confirmation of Irish law governance and jurisdiction

14. Execution: Signature blocks and execution requirements

Optional Sections

1. Mortgage Contingency: Terms relating to mortgage financing for purchase option, used when buyer likely requires financing

2. Property Management: Required when property is part of managed development or has shared facilities

3. Environmental Provisions: Used for properties with specific environmental concerns or requirements

4. Planning Permissions: Included when property requires specific planning permissions or has development potential

5. Break Clause: Optional early termination provisions, included when parties want flexibility

6. Assignment and Subletting: Terms for transferring lease rights, included when parties want to allow this possibility

7. Rent Review: Included for longer lease terms where rent adjustments may be needed

8. Management Company Provisions: Required for apartments or properties with management companies

Suggested Schedules

1. Schedule 1: Property Description: Detailed description of property, including boundaries, maps, and included fixtures

2. Schedule 2: Rent Payment Schedule: Detailed breakdown of rent payments, including any scheduled increases

3. Schedule 3: Purchase Price Calculation: Formula and terms for calculating final purchase price, including any rent credits

4. Schedule 4: Condition Report: Initial property condition report with photographs and descriptions

5. Schedule 5: Permitted Alterations: List of alterations tenant is permitted to make during lease term

6. Schedule 6: Service Charges: Breakdown of service charges and management fees if applicable

7. Appendix A: Property Plans: Official property plans and drawings

8. Appendix B: Planning Documentation: Relevant planning permissions and certificates

9. Appendix C: Energy Performance Certificate: Current energy performance certificate for the property

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions


















































Clauses








































Relevant Industries

Real Estate

Property Development

Residential Property

Commercial Property

Property Management

Legal Services

Financial Services

Construction

Housing

Property Investment

Relevant Teams

Legal

Real Estate

Property Management

Facilities

Operations

Finance

Asset Management

Risk Management

Compliance

Commercial

Relevant Roles

Property Manager

Real Estate Agent

Legal Counsel

Property Developer

Estate Agent

Conveyancing Solicitor

Property Investment Manager

Facilities Manager

Commercial Property Manager

Housing Officer

Leasing Manager

Asset Manager

Property Services Director

Contracts Manager

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Private Home Purchase Agreement

An Irish law-governed agreement for the sale and purchase of private residential property, detailing all terms and conditions of the property transfer.

find out more

Agreement To Buy And Sell (Real Estate)

An Irish law-governed contract between vendor and purchaser detailing terms and conditions for the sale and purchase of real estate property.

find out more

Contract Of Purchase And Sale For Commercial (Real Estate)

An Irish law-governed agreement for the purchase and sale of commercial real estate, detailing all aspects of the property transaction including price, terms, and completion requirements.

find out more

Contract To Buy And Sell (Real Estate)

An Irish law-governed agreement for the sale and purchase of real estate property, detailing terms, conditions, and obligations of the transaction.

find out more

Contract For The Sale And Purchase Of (Real Estate)

An Irish law-governed agreement for the sale and purchase of real estate, establishing terms, conditions, and obligations for property transfer between vendor and purchaser.

find out more

Buy Sell Contract (Real Estate)

An Irish law-governed contract for the sale and purchase of real estate property, establishing terms, conditions, and obligations for property transfer.

find out more

Realty Purchase Agreement

An Irish law-governed agreement for the sale and purchase of real property, detailing terms, conditions, and requirements for property ownership transfer.

find out more

Property Lease With Option To Buy

An Irish law agreement combining a property lease with a future purchase option, setting out terms for both rental period and potential property acquisition.

find out more

Standard Agreement For The Sale Of (Real Estate)

An Irish law-governed agreement for the sale and purchase of real estate, establishing legally binding terms for property transfer between vendor and purchaser.

find out more

Purchase Sale Agreement Commercial (Real Estate)

An Irish law-governed agreement for the sale and purchase of commercial real estate, detailing all essential transaction terms and conditions.

find out more

Home Sale Contract Form

An Irish legal contract template for residential property sales, compliant with Irish property law and conveyancing requirements.

find out more

Agreement Of Property Sale

An Irish law-governed agreement for the legal transfer of property ownership from seller to buyer, incorporating all essential elements required under Irish property law.

find out more

Purchase Sale Agreement Form

An Irish law-governed agreement documenting the terms and conditions for the sale and purchase of property, ensuring legal transfer of ownership.

find out more

Home Purchase Agreement Form

A standardized legal agreement for residential property sales in Ireland, outlining terms and conditions for property transfer between vendor and purchaser.

find out more

House Sale Agreement Form

An Irish law-governed agreement that documents and formalizes the sale and purchase of residential property, setting out all essential terms and conditions of the transaction.

find out more

Land Sale Agreement Form

An Irish law-governed agreement for the sale and purchase of land property, setting out terms, conditions, and statutory requirements for property transfer in Ireland.

find out more

Home Sale Contract By Owner

An Irish law-compliant contract for the direct sale of residential property between private parties without real estate agent involvement.

find out more

House Sales Contract On For Sale By Owner

An Irish law-governed contract for the direct sale of residential property between private parties without real estate agent involvement.

find out more

For Sale By Owner Home Purchase Contract

An Irish law-governed contract for direct property sales between owners and buyers without real estate agent involvement.

find out more

Agreement To Buy Property

An Irish law-governed agreement for the sale and purchase of property, setting out terms, conditions, and obligations for both vendor and purchaser.

find out more

Agreement Of Sale For A Residential Stand

An Irish law-governed agreement for the sale and purchase of a residential stand, including terms, conditions, and legal requirements for property transfer.

find out more

Simple Land Contract Purchase Agreement

An Irish law-governed agreement for the purchase and sale of land or property, setting out essential terms and conditions for property transfer.

find out more

Conditional Land Sale Agreement

An Irish law agreement for the sale of land or property subject to specific conditions that must be met before completion.

find out more

Commercial Real Estate Purchase Contract

An Irish law-governed agreement for the purchase and sale of commercial real estate properties, outlining all essential transaction terms and conditions.

find out more

Contract For Sale And Purchase

An Irish law-governed agreement for the transfer of property ownership from vendor to purchaser, incorporating standard Law Society conditions and transaction-specific terms.

find out more

Private Property Sale Agreement

An Irish law-governed agreement for the sale and transfer of private property between a seller and buyer, outlining all terms and conditions of the transaction.

find out more

Contract To Sell Property

An Irish law contract governing the sale and purchase of real property, setting out terms, conditions, and obligations of both vendor and purchaser.

find out more

Commercial Lease To Purchase Agreement

An Irish law-governed agreement combining commercial property lease terms with a future purchase option, setting out conditions for both leasing and buying.

find out more

Vacant Land Sale Contract

An Irish law-governed contract for the sale and purchase of vacant land, detailing terms, conditions, and requirements for property transfer.

find out more

Private House Sale Contract

An Irish law-governed contract for the sale and purchase of private residential property, outlining terms, conditions, and obligations of both parties.

find out more

Commercial Property Sale Contract

An Irish law-governed agreement for the sale and purchase of commercial property, incorporating all essential terms and regulatory requirements for property transfer in Ireland.

find out more

Offer Of Purchase And Sale

An Irish law-governed agreement establishing the terms and conditions for the sale and purchase of property, detailing rights and obligations of both vendor and purchaser.

find out more

Apartment Sale And Purchase Agreement

An Irish law-governed agreement for the sale and purchase of an apartment, including terms, conditions, and apartment-specific provisions.

find out more

Purchase Agreement Personal Property

An Irish law-governed agreement for the sale and purchase of personal property, detailing terms of sale and transfer of ownership.

find out more

Purchase Agreement For Land

An Irish law-governed agreement documenting the terms and conditions for the sale and purchase of real property, including all essential elements required for land transfer under Irish legislation.

find out more

Residential Sales Contract

An Irish law-governed contract for the sale and purchase of residential property, establishing terms, conditions, and obligations for property transfer.

find out more

Option To Buy Land Agreement

An Irish law agreement granting an exclusive right to purchase specified land within a set timeframe, subject to agreed terms and conditions.

find out more

Commercial Property Purchase Contract

An Irish law-governed agreement for the purchase and sale of commercial property, detailing all essential transaction terms and compliance requirements.

find out more

Purchase And Sale Agreement Form

An Irish law-governed agreement that documents the terms and conditions for the sale and purchase of property, ensuring legal compliance and protection for all parties involved.

find out more

Agreement To Sell Land

An Irish law-governed agreement documenting the terms and conditions for the sale and purchase of land or property in Ireland.

find out more

Vacant Land Purchase Agreement

An Irish law-governed agreement for the sale and purchase of vacant land, establishing terms, conditions, and procedures for property transfer.

find out more

Seller Agreement Form

An Irish law-governed agreement establishing terms and conditions for sellers to offer products or services through a platform or marketplace.

find out more

Property Sale Contract

An Irish law-governed contract that facilitates the legal transfer of property ownership from seller to buyer, detailing all essential terms and conditions of the sale.

find out more

Seller And Buyer Agreement

An Irish law-governed agreement setting out terms and conditions between a seller and buyer for the sale and purchase of goods or services.

find out more

Home Selling Contract

An Irish law-governed contract for the sale and purchase of residential property, incorporating essential transaction terms and legal requirements.

find out more

Deed Of Sale Of Property

An Irish law-governed deed that legally transfers property ownership from seller to buyer, incorporating all essential elements required for valid property conveyance in Ireland.

find out more

Commercial Purchase Agreement

An Irish law-governed agreement setting out terms and conditions for commercial purchase of goods between businesses, including product specifications, pricing, delivery, and warranties.

find out more

Commercial Property Purchase Agreement

An Irish law-governed agreement for the sale and purchase of commercial property, setting out terms, conditions, and obligations of both parties.

find out more

Commercial Real Estate Sales Contract

An Irish law-governed contract for the sale and purchase of commercial real estate, detailing all essential transaction terms and compliance requirements.

find out more

House Purchase Agreement Form

An Irish law-governed agreement for the sale and purchase of residential property, establishing the terms and conditions for property transfer between vendor and purchaser.

find out more

Short Sale Agreement

An Irish law agreement governing the sale of a mortgaged property for less than the outstanding loan balance, with lender consent and debt settlement terms.

find out more

Seller Agreement

An Irish law-governed agreement establishing terms and conditions for a seller to sell products or services on behalf of a principal company.

find out more

Sales Contract For House

An Irish law-governed contract for the sale and purchase of residential property, outlining terms, conditions, and requirements for property transfer.

find out more

Purchase And Sale Agreement

An Irish law-governed agreement documenting the transfer of assets, property, or business interests from seller to buyer, including all essential terms and conditions of sale.

find out more

Property Sale Agreement

An Irish law-governed agreement documenting the legal transfer of property ownership between seller and buyer, setting out all essential terms and conditions of the sale.

find out more

Offer To Purchase Real Estate Form

An Irish legal document presenting a formal offer to purchase real estate, outlining key terms and conditions under Irish property law.

find out more

Land Sale Contract

An Irish law agreement for the sale and purchase of real property, setting out terms, conditions, and obligations for property transfer.

find out more

For Sale By Owner Purchase Agreement

An Irish law-governed agreement for direct property sales between private sellers and buyers without real estate agent involvement.

find out more

Agreement To Sell (Real Estate)

An Irish law-governed agreement documenting the terms and conditions for the sale and purchase of real estate property in Ireland.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

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.