Document background
The Purchase And Lease Agreement is a specialized contract commonly used in Singapore for sale-leaseback transactions, where a property owner sells their property but continues to occupy it as a tenant. This arrangement is particularly useful for businesses looking to free up capital while retaining use of their operational premises. The agreement must comply with Singapore's property and contract laws, including stamp duty requirements and registration procedures. It typically includes detailed provisions for both the sale transaction and the subsequent lease arrangement, including purchase price, payment terms, lease duration, rental amounts, and maintenance responsibilities.
