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The Lease Agreement For Sale is a specialized legal instrument used in Indian property transactions where parties wish to combine a lease arrangement with a future purchase option. This document type is particularly relevant when a potential buyer wishes to occupy and use the property before completing the purchase, either for commercial or residential purposes. The agreement must comply with Indian property law, including the Transfer of Property Act, 1882, Registration Act, 1908, and relevant state-specific legislation. It provides a structured framework for lease payments, maintenance obligations, and the eventual purchase option, offering flexibility while protecting both parties' interests.

1. Parties: Details of the lessor/seller and lessee/purchaser including names, addresses, and legal capacity

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

3. Definitions: Definitions of key terms used throughout the agreement

4. Property Description: Detailed description of the leased property including location, boundaries, and built-up area

5. Lease Terms: Duration of lease, rent amount, payment schedule, and maintenance responsibilities

6. Sale Option: Terms and conditions for exercising the purchase option, including timeline and process

7. Purchase Price: Agreed purchase price, payment structure, and treatment of lease payments towards purchase

8. Possession and Use: Terms regarding possession, permitted use, and restrictions on property usage

9. Maintenance and Repairs: Responsibilities for property maintenance, repairs, and improvements

10. Insurance and Property Tax: Obligations regarding insurance coverage and payment of property taxes

11. Default and Remedies: Consequences of default in lease payments or breach of agreement terms

12. Assignment and Subletting: Restrictions on assignment or subletting of the property

13. Notices: Process for serving notices between parties

14. Governing Law: Specification of Indian law as governing law and jurisdiction

15. Execution: Signature blocks and execution formalities