tiktok³ÉÈË°æ

All Countries
Research & Development
Lease With Option To Purchase

Lease With Option To Purchase Template for England and Wales

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Lease With Option To Purchase

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Lease With Option To Purchase

"I need a Lease With Option To Purchase agreement for a commercial property in Manchester, where my company will lease the warehouse for 3 years starting March 2025, with an option to buy the property at a pre-agreed price of £2.5M during the final year of the lease."

Celebrated by
Collaborations with
Investors
Document background
A Lease With Option To Purchase is commonly used when a potential buyer wishes to occupy a property immediately but needs time before completing a purchase, perhaps to arrange financing or assess the property's suitability. This document, governed by English and Welsh law, combines standard lease provisions with detailed terms for a future purchase option. It provides security for the landlord through regular rental income while giving the tenant exclusive rights to purchase the property under pre-agreed terms. The agreement is particularly useful in commercial property transactions and rent-to-own residential arrangements.
Suggested Sections

1. Parties: Identification and details of the landlord and tenant

2. Background: Context of the agreement and property details

3. Definitions: Key terms used throughout the agreement

4. Demise: Description of the property being leased

5. Term: Duration of the lease

6. Rent: Payment terms and review provisions

7. Option to Purchase: Terms and conditions of the purchase option

8. Tenant Covenants: Tenant obligations during the lease term

9. Landlord Covenants: Landlord obligations during the lease term

Optional Sections

1. Break Clause: Early termination provisions - used when parties want flexibility to end the lease early

2. Service Charge: Additional charges for building services - used for leases in multi-occupied buildings

3. Insurance: Insurance obligations and requirements - used when specific insurance arrangements are needed

Suggested Schedules

1. Schedule 1: Property Plan: Detailed plan of the leased property

2. Schedule 2: Property Inventory: List of fixtures, fittings, and contents

3. Schedule 3: Purchase Price Calculation: Formula or method for determining the purchase price

4. Schedule 4: Condition Report: Initial condition of the property

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions



































Clauses


































Relevant Industries
Relevant Teams
Relevant Roles
Industries

Law of Property Act 1925: Primary legislation governing property rights and interests, requirements for legal estates, and formal requirements for land contracts in England and Wales

Landlord and Tenant Act 1985: Establishes basic landlord obligations, requirements for property fitness for habitation, and repair responsibilities

Landlord and Tenant Act 1987: Covers service charges, right of first refusal provisions, and property management issues

Housing Act 1988: Regulates assured and assured shorthold tenancies, grounds for possession, and rent regulation

Consumer Rights Act 2015: Addresses unfair terms in consumer contracts, transparency requirements, and consumer protection provisions

Land Registration Act 2002: Sets out registration requirements and priority of interests in land

Contracts (Rights of Third Parties) Act 1999: Governs third-party rights in contracts

Law of Property (Miscellaneous Provisions) Act 1989: Specifies requirements for contracts concerning land and formal execution requirements

Stamp Duty Land Tax Regulations: Tax regulations applicable to property transactions and leases

Energy Performance Certificate Requirements: Mandatory energy efficiency disclosure requirements for property rentals and sales

Deposit Protection Scheme Requirements: Regulations governing the protection of tenant deposits in assured shorthold tenancies

Gas Safety Regulations: Legal requirements for gas safety checks and certificates in rental properties

Electrical Safety Regulations: Standards and requirements for electrical safety in rental properties

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Weekly Rental Agreement

find out more

Vacation Rental Contract

find out more

Trailer Lease Agreement

find out more

Tenant At Will Lease

find out more

Standard Industrial Lease Agreement

find out more

Standard Auto Lease Agreement

find out more

Space Rental Agreement

find out more

Simple Tenant At Will Agreement

find out more

Short Term Equipment Rental Agreement

find out more

Simple Rental Contract

find out more

Pre Lease Agreement

find out more

Pet Addendum To Rental Agreement

find out more

Owner Operator Contract Agreement

find out more

Office Rental Agreement

find out more

Mobile Home Lot Rental Agreement

find out more

Lifetime Lease Agreement

find out more

Lease Buyout Agreement

find out more

Landlord And Tenant Agreement Form

find out more

House Rent Contract Form

find out more

Grazing Lease Agreement

find out more

Fixed Term Lease Agreement

find out more

Commercial Lease Agreement Form

find out more

Boarder Rental Agreement

find out more

Apartment Sublease Agreement

find out more

5 Year Commercial Lease Agreement

find out more

12 Month Lease Apartment

find out more

1 Year Lease Apartment

find out more

Family Member Lease Agreement

A legally binding residential lease agreement between family members, governed by English and Welsh law.

find out more

Lease With Option To Purchase

An English and Welsh law agreement combining a property lease with a future purchase option for the tenant.

find out more

Mobile Home Lease Agreement

A legal agreement under English and Welsh law governing the lease of a pitch for a mobile home, establishing rights and obligations between site owner and resident.

find out more

Year Lease Agreement

A fixed-term residential tenancy agreement for one year under English and Welsh law, setting out rights and obligations between landlord and tenant.

find out more

Room Rental Agreement Shared Housing

A legal agreement under English and Welsh law for renting a room in shared accommodation, setting out rights and obligations of landlord and tenant.

find out more

Tenancy Agreement For A Room In A Shared House

An English law agreement setting out terms for renting a room in a shared house, including rights and obligations of landlord and tenant.

find out more

Commercial Land Lease Agreement

A legally binding agreement under English and Welsh law establishing terms for leasing commercial land between landlord and tenant.

find out more

Simple Shop Rental Agreement

An English law agreement setting out terms for commercial shop rental between landlord and tenant.

find out more

Month To Month Tenancy Agreement

A flexible residential tenancy agreement under English and Welsh law that runs on a monthly rolling basis.

find out more

Short Form Lease Agreement

A simplified lease agreement for straightforward commercial property letting under English and Welsh law.

find out more

Month To Month Apartment Lease

A rolling monthly residential tenancy agreement under English and Welsh law, establishing terms for property rental with monthly renewal options.

find out more

Simple Space Rental Agreement

A straightforward rental agreement for temporary space use, governed by English and Welsh law, defining key terms between landlord and tenant.

find out more

Retail Lease Agreement

A legally binding agreement under English and Welsh law governing the lease of retail premises between landlord and tenant.

find out more

Billboard Lease Agreement

A legal agreement under English and Welsh law governing the lease of space for billboard advertising installation and operation.

find out more

Multiple Tenant Lease Agreement

A legal agreement under England and Wales law establishing terms for multiple tenants sharing a single residential property.

find out more

Joint Lease Agreement

A legal agreement under England and Wales law establishing terms for multiple tenants sharing occupancy of a property with joint and several liability.

find out more

Condo Lease Agreement

A legal agreement for leasing a condominium unit under English and Welsh law, setting out terms between landlord and tenant.

find out more

Commercial Vehicle Rental Agreement

A legally binding agreement for commercial vehicle rental under English and Welsh law, establishing terms between lessor and lessee.

find out more

6 Month Lease Agreement

An English and Welsh law residential tenancy agreement establishing a six-month fixed-term letting arrangement between landlord and tenant.

find out more

Shared Tenancy Agreement

A legal agreement under English and Welsh law governing the rental of a property by multiple tenants sharing occupancy.

find out more

Garage Lease Agreement

A legally binding agreement under English and Welsh law for the rental of garage space, setting out terms between landlord and tenant.

find out more

Employee Lease Agreement

A contract under English and Welsh law governing the temporary transfer of employees between companies while maintaining their original employment status.

find out more

Truck Rental Agreement

An English law agreement establishing terms for commercial truck rental, including vehicle specifications, payment terms, and usage conditions.

find out more

Storage Lease Agreement

A legal agreement under English and Welsh law governing the lease of storage space between a provider and tenant.

find out more

Subletting Tenancy Agreement

A legal agreement under English and Welsh law allowing a tenant to rent out their rented property to another person, establishing rights and obligations for both parties.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

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.

Draft quality legal agreements or review documents in 3 minutes

BlogAbout UsCareersAI Legal Document Generator

Templates

Short-Form Directors Loan AgreementMandate Letter (Best Efforts)Drawdown Request (Borrower to Lender)Promissory Note (UK)Letter of Waiver (Loan)Finance Legal Templates

Industries

Legal Services

Limited Power of AttorneyBasic Binding Side LetterLetter of IntentNon Binding Comfort LetterDeed of Surrender (Lease)Templates for Lawyers

Manufacturing

Manufacturing Legal Templates

Construction

Letter of Claim (Pre-Action Protocol)Tenancy at WillSection 146 Notice (Remedy Breach of Lease)Notice Of Forfeiture Of Lease By LandlordLease Report (Long Form)Construction Legal Templates

Solutions

Use Cases

Company Types

Comparisons

Business Categories

Teams

Information

© 2024 tiktok³ÉÈË°æ. All rights reserved