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Commercial Lease With Option To Buy
"I need a Commercial Lease With Option To Buy agreement for a retail space in Singapore's Orchard Road area, with a 3-year initial lease term starting March 2025 and an option to purchase that can be exercised after 18 months at a pre-agreed price of SGD 4.2 million."
1. Parties: Identification of landlord and tenant, including full legal names and registration details
2. Background: Context of the lease arrangement and property details
3. Definitions: Key terms used tHRoughout the agreement
4. Demised Premises: Detailed description of the leased property
5. Lease Term: Duration of lease and commencement date
6. Rent and Payment Terms: Rental amount, payment schedule, and method
7. Option to Purchase: Terms and conditions of the purchase option
8. Security Deposit: Amount and terms of security deposit
9. Use of Premises: Permitted use and restrictions
10. Maintenance and Repairs: Responsibilities for property maintenance
1. Break Clause: Early termination provisions - use when parties want flexibility to end lease early
2. Rent Review: Provisions for periodic rent adjustments - recommended for longer lease terms
3. Subletting Provisions: Terms for subletting the premises - include if subletting might be considered
4. Green Lease Provisions: Environmental and sustainability requirements - for green-certified buildings
1. Property Floor Plan: Detailed plan showing the leased premises
2. Inventory List: List of fixtures and fittings included
3. Option to Purchase Terms: Detailed terms of the purchase option including pricing mechanism
4. Building Rules and Regulations: Specific rules applicable to the property
5. Maintenance Schedule: Schedule of maintenance responsibilities
6. Service Charge Schedule: Breakdown of service charges if applicable
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