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The Master Lease With Option To Purchase is a sophisticated legal instrument used in Pakistani real estate transactions where parties seek to combine immediate occupancy rights with future ownership potential. This document type is particularly useful in situations where the potential buyer wishes to occupy and evaluate the property before committing to a purchase, or when they need time to arrange financing. The agreement provides detailed terms for both the lease period and the purchase option, including rent payments, maintenance obligations, option exercise periods, and purchase price mechanisms. It must comply with various Pakistani laws, including the Transfer of Property Act 1882, Registration Act 1908, and Contract Act 1872, while potentially incorporating Islamic finance principles where applicable. This document type is commonly used in commercial, residential, and industrial property transactions throughout Pakistan, offering flexibility and protection for both lessors and lessees.

1. Parties: Identification of lessor and lessee with complete legal names and addresses

2. Background: Context of the agreement, property description, and intention to enter lease with purchase option

3. Definitions: Key terms used throughout the agreement including Property, Lease Term, Purchase Option, Option Price

4. Lease Terms: Duration of lease, renewal provisions, and rent payment terms

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

6. Option to Purchase: Terms of purchase option, exercise period, and purchase price calculation

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

8. Payment Terms: Rent payment schedule, security deposit, and purchase price payment terms

9. Insurance and Taxes: Requirements for property insurance and responsibility for taxes

10. Default and Remedies: Events of default, cure periods, and available remedies

11. Assignment and Subletting: Restrictions and conditions for assignment or subletting

12. Governing Law: Pakistani law application and jurisdiction

13. Notices: Method and addresses for formal communications

14. Entire Agreement: Integration clause and amendment procedures