Create a bespoke document in minutes, Â or upload and review your own.
Get your first 2 documents free
Your data doesn't train Genie's AI
You keep IP ownership of your information
Purchase Lease Option Agreement
"Need a Purchase Lease Option Agreement for a commercial property in Singapore CBD, with a 2-year lease term starting March 2025 and an option to purchase at a fixed price of SGD 2.5M, where the tenant is a foreign company requiring special approval provisions."
1. Parties: Identification of lessor/optionor and lessee/optionee with full legal names and addresses
2. Background: Context of the agreement, property details, and purpose of the arrangement
3. Definitions: Key terms used throughout the agreement including Property, Option Period, Purchase Price, etc.
4. Grant of Lease: Terms and conditions of the lease arrangement
5. Option to Purchase: Details of the option, exercise period, and mechanism
6. Consideration: Option fee, lease payments, and purchase price details
7. Exercise of Option: Process and requirements for exercising the purchase option
8. Completion: Requirements and process for completing the purchase
9. Governing Law: Specification of Singapore law as governing law
1. Due Diligence: Property inspection and verification rights - Used for properties requiring significant verification or with potential issues
2. Property Management: Maintenance and management responsibilities during lease period - Used for properties requiring specific maintenance arrangements
3. Assignment Rights: Rights to assign the option or lease - Used when parties want to allow transfer of rights
4. Foreign Ownership Compliance: Additional requirements for foreign buyers - Used when optionee is a foreign person/entity
1. Property Description Schedule: Detailed description of property including lot number, floor area, boundaries
2. Lease Terms Schedule: Detailed lease conditions, rental amounts, payment schedules
3. Option Exercise Form: Template form for exercising the purchase option
4. Property Condition Report: Current condition of property and any existing defects
5. Payment Schedule: Breakdown of all payments including option fee, rent, and purchase price
Authors
Find the exact document you need
Download our whitepaper on the future of AI in Legal
³Ò±ð²Ô¾±±ð’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
Our bank-grade security infrastructure undergoes regular external audits
We are ISO27001 certified, so your data is secure
Organizational security
You retain IP ownership of your documents
You have full control over your data and who gets to see it
Innovation in privacy:
Genie partnered with the Computational Privacy Department at Imperial College London
Together, we ran a £1 million research project on privacy and anonymity in legal contracts
Want to know more?
Visit our for more details and real-time security updates.
Read our Privacy Policy.