Document background
The Lease With Option To Purchase Agreement is commonly used in Singapore's property market when parties wish to combine a rental arrangement with a potential future sale. This arrangement benefits tenants who need time to arrange financing or assess the property's suitability for long-term ownership, while providing landlords with rental income and a committed potential buyer. The document includes detailed terms for both the lease period and the purchase option, including rental rates, maintenance obligations, option exercise period, purchase price, and conditions for exercising the option. It must comply with Singapore's property laws and regulations, including stamp duty requirements and, where applicable, restrictions on foreign ownership.
