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Lease With Option To Buy
"I need a Lease With Option to Buy agreement for my commercial property in Singapore CBD, with a 2-year lease term and an option to purchase that can be exercised after 18 months, with the purchase price to be determined by market valuation in January 2025."
1. Parties: Identification and details of the lessor and lessee
2. Background: Context of the agreement and property details
3. Definitions: Key terms used tHRoughout the agreement
4. Lease Terms: Duration, rent, payment terms, and conditions of the lease
5. Option to Purchase: Terms and conditions of the purchase option including exercise period and purchase price
6. Property Usage: Permitted use and restrictions on the property
7. Maintenance and Repairs: Responsibilities for property upkeep and maintenance obligations
8. Insurance: Insurance requirements for both parties
9. Default and Remedies: Consequences of default and available remedies
10. Governing Law: Specification of Singapore law as governing law and jurisdiction
1. Renovation Rights: Terms for property modifications and alterations by the tenant
2. Subletting Provisions: Terms and conditions for subletting the property
3. Early Termination: Conditions and process for early termination of the agreement
4. HDB Compliance: Specific provisions for compliance with HDB regulations if property is HDB
5. Utilities and Services: Responsibility for utilities and service connections
1. Schedule 1 - Property Description: Detailed description of the property including floor plans and bouNDAries
2. Schedule 2 - Inventory List: Comprehensive list of fixtures, fittings and furnishings included in the lease
3. Schedule 3 - Condition Report: Detailed documentation of the property's condition at commencement
4. Schedule 4 - Payment Schedule: Breakdown of rent payments, option fee, and purchase price structure
5. Schedule 5 - Option Exercise Form: Template form for exercising the option to purchase
6. Schedule 6 - Maintenance Schedule: Schedule of maintenance responsibilities and timeframes
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