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 Purchase Contract
"I need a Lease Purchase Contract for a commercial warehouse in Lagos, Nigeria, with a 2-year initial lease period starting March 1, 2025, and a purchase option exercisable after 18 months, including special provisions for heavy machinery installation."
1. Parties: Identification of the lessor/seller and lessee/buyer with full legal names and addresses
2. Background: Context of the agreement, including property details and parties' intentions regarding lease-purchase arrangement
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Description: Detailed description of the property including physical address, boundaries, and registration details
5. Lease Terms: Terms of the lease including duration, rent amount, payment schedule, and maintenance responsibilities
6. Purchase Option: Details of the purchase option including purchase price, option period, and how/when the option can be exercised
7. Rent Credits: Specification of how rental payments will be credited towards the purchase price
8. Property Maintenance and Repairs: Responsibilities for maintenance, repairs, and improvements during the lease period
9. Insurance and Property Taxes: Requirements for property insurance and responsibility for property taxes
10. Default and Remedies: Consequences of default by either party and available remedies
11. Assignment and Subletting: Restrictions on assignment or subletting of the property
12. Notices: Process for giving formal notices between parties
13. Governing Law: Specification of Nigerian law as governing law and jurisdiction
14. Execution: Signature blocks and execution requirements
1. Property Inspection: Initial property condition assessment and inspection requirements, used when the property requires specific documentation of its condition
2. Environmental Matters: Environmental warranties and indemnities, included for properties with potential environmental concerns
3. Planning Permissions: Details of existing planning permissions and restrictions, included for properties with specific development potential or restrictions
4. Third Party Rights: Acknowledgment of any third party rights or restrictions, included when relevant encumbrances exist
5. Special Conditions: Any special conditions or requirements specific to the property or transaction
6. Early Purchase Option: Terms for early exercise of purchase option, included when early purchase is permitted
7. Force Majeure: Provisions for unforeseen circumstances preventing performance, included in areas prone to specific risks
1. Schedule 1 - Property Details: Detailed property description, including land registry information and plans
2. Schedule 2 - Payment Schedule: Detailed breakdown of lease payments and purchase price calculations
3. Schedule 3 - Property Inventory: Inventory of any fixtures, fittings, or contents included in the lease-purchase
4. Schedule 4 - Maintenance Schedule: Detailed maintenance responsibilities and schedules
5. Schedule 5 - Property Rules and Regulations: Specific rules and regulations governing property use
6. Appendix A - Property Plans: Floor plans, site plans, and other relevant property drawings
7. Appendix B - Land Documents: Copies of land title documents and certificates
8. Appendix C - Photographs: Photographs documenting property condition at lease commencement
Authors
Real Estate
Commercial Property
Residential Property
Retail
Industrial
Agriculture
Hospitality
Office Space
Manufacturing
Warehouse and Storage
Legal
Real Estate
Property Management
Operations
Finance
Business Development
Facilities Management
Asset Management
Contract Administration
Risk Management
Property Manager
Real Estate Agent
Legal Counsel
Property Lawyer
Commercial Director
Facilities Manager
Asset Manager
Real Estate Developer
Property Investment Manager
Leasing Manager
Contract Administrator
Business Development Manager
Finance Manager
Operations Manager
Find the exact document you need
Pet Agreement For Rental
A legally-compliant Nigerian pet agreement for rental properties that establishes terms for pet ownership while protecting landlord and tenant interests under Nigerian law.
Business Rental Agreement
A Nigerian law-governed agreement establishing terms for commercial property rental between a landlord and business tenant.
Lease Option Contract
A Nigerian law-governed agreement combining a property lease with an option to purchase, establishing terms for both rental and potential acquisition of the property.
Car Lease Agreement Form
A Nigerian law-governed agreement establishing terms and conditions for vehicle leasing arrangements between lessor and lessee.
Lease Agreement Month To Month
A flexible lease agreement governed by Nigerian law that establishes a month-to-month tenancy arrangement between landlord and tenant.
Residential Lease Form
Nigerian residential lease agreement template compliant with federal and state tenancy laws, establishing terms and conditions for residential property rental.
Month To Month Agreement
A Nigerian-law compliant Month-to-Month Agreement template establishing flexible periodic tenancy terms with automatic monthly renewal provisions.
Rent Contract Form
Nigerian-compliant rental agreement template establishing terms between landlord and tenant under federal and state tenancy laws.
Tenancy Agreement Form
A Nigerian law-compliant agreement establishing terms and conditions between landlord and tenant for property rental, incorporating federal and state-specific tenancy requirements.
Formal Lease Agreement
A legally binding lease agreement under Nigerian law establishing property rental terms between landlord and tenant, including rights, obligations, and compliance requirements.
Contract Vehicle Leasing
A Nigerian law-governed agreement establishing terms and conditions for vehicle leasing arrangements, including financial, operational, and maintenance requirements.
Weekly Rental Agreement
A legally binding agreement for weekly property rentals in Nigeria, compliant with Nigerian property law and state-specific tenancy regulations.
Trailer Lease Agreement
A legally-binding agreement for trailer leasing in Nigeria, compliant with local transportation and contract laws.
Simple Tenant At Will Agreement
A flexible property rental agreement under Nigerian law that creates a tenancy with no fixed duration, terminable by either party with appropriate notice.
Pre Lease Agreement
A Nigerian law-governed preliminary agreement that establishes terms and conditions for a future lease arrangement between landlord and prospective tenant.
Mobile Home Lot Rental Agreement
A Nigerian law-governed agreement for renting a lot in a mobile home park, establishing terms between park operators and mobile home owners.
Simple Parking Space Rental Agreement
A Nigerian law-governed agreement establishing terms and conditions for parking space rental between a landlord and tenant.
Vehicle Rent Agreement
A Nigerian law-compliant agreement establishing terms and conditions for temporary vehicle rental, including rights, obligations, and legal requirements for both parties.
New Tenancy Agreement
A Nigerian law-governed agreement establishing terms and conditions between landlord and tenant for property lease, incorporating federal and state-specific tenancy regulations.
Mobile Home Lease Agreement
A Nigerian law-governed agreement establishing terms and conditions for mobile home and lot space leasing, including rights, responsibilities, and regulatory compliance requirements.
Equine Lease Agreement
A Nigerian law-governed agreement establishing terms and conditions for horse leasing, including care requirements, permitted uses, and financial obligations.
Simple Shop Rental Agreement
A Nigerian law-governed agreement for retail shop premises rental, establishing key terms between landlord and commercial tenant.
Billboard Lease Agreement
A Nigerian law-governed agreement for leasing property space for billboard installation and operation, establishing rights and obligations between property owners and advertising entities.
Condo Lease Agreement
A Nigerian-compliant lease agreement for condominium units, establishing terms and conditions between landlord and tenant under Nigerian property law.
Salon Booth Rental Agreement
A Nigerian-compliant agreement between salon owners and independent contractors for booth rental arrangements in beauty salons, establishing terms, conditions, and operational guidelines.
Room Lease Agreement
A Nigerian law-governed agreement establishing terms and conditions for room rental, including rights and obligations of landlord and tenant.
Rent To Own Lease Agreement
A Nigerian law-governed agreement combining lease terms with a purchase option, allowing tenants to rent property with the right to buy at a preset price.
Property Management Agreement
A Nigerian law-governed agreement between property owners and management companies for professional property administration and maintenance services.
Office Lease Agreement
A Nigerian law-governed agreement establishing terms and conditions for commercial office space leasing, including rights, obligations, and compliance requirements.
Master Lease Agreement
A Nigerian law-governed agreement establishing standardized terms for multiple property leases under a single framework.
Lease To Own Contract
A Nigerian law-governed agreement enabling property rental with an option to purchase, where lease payments contribute to the final purchase price.
Lease Purchase Contract
A Nigerian law-governed agreement combining property lease terms with a purchase option, enabling occupancy while working towards ownership.
Lease Contract Agreement
A Nigerian law-compliant agreement establishing terms and conditions for property leasing between landlord and tenant.
House Rental Agreement
A Nigerian law-governed agreement establishing terms and conditions for residential property rental, compliant with federal and state property regulations.
Equipment Rental Agreement
A Nigerian law-governed agreement setting out terms and conditions for equipment rental between lessor and lessee, including payment terms, maintenance responsibilities, and liability allocation.
Commercial Lease Agreement
A Nigerian law-governed agreement establishing terms for commercial property lease between landlord and tenant, including essential provisions for commercial use and regulatory compliance.
Car Lease Agreement
A Nigerian law-governed agreement establishing terms for temporary vehicle possession between lessor and lessee, including payment terms, maintenance, and usage conditions.
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.