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Residential Lease Agreement With Option To Purchase
"I need a Residential Lease Agreement with Option to Purchase for my Singapore condominium unit, with a 2-year lease term starting March 2025 and an option to purchase at a fixed price of SGD 1.8 million exercisable after 18 months."
1. Parties: Identification and details of landlord and tenant
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 security deposit
5. Option to Purchase Terms: Purchase price, option period, and exercise conditions
6. Property Use and Maintenance: Permitted use, maintenance responsibilities
7. Termination Provisions: Conditions for early termination
8. Governing Law: Jurisdiction and applicable law
1. Renovation Clause: Terms for property modifications when renovations are anticipated
2. Subletting Provisions: Terms for subletting the property if permitted
3. Pet Clause: Rules regarding keeping pets in the property
4. En Bloc Sale Provisions: Rights and procedures in case of collective sale for older developments
1. Schedule 1: Property Inventory: List of furniture, appliances, and fittings included
2. Schedule 2: Property Condition Report: Detailed condition of property at commencement
3. Schedule 3: House Rules: Specific rules and regulations for the property
4. Appendix A: Option to Purchase Form: Standard form for exercising purchase option
5. Appendix B: Floor Plan: Detailed layout of the property
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