Document background
The Commercial Lease Purchase Agreement is a sophisticated legal instrument used in the Irish commercial property market when parties wish to combine a traditional lease arrangement with a future purchase opportunity. This document is particularly suitable for businesses seeking to establish operations in a property while maintaining the flexibility to acquire it later, perhaps after establishing business viability or securing financing. It addresses both immediate occupancy needs and long-term property acquisition goals, incorporating all necessary elements required under Irish property law and commercial tenancy regulations. The agreement typically includes detailed provisions for the lease period (rent, maintenance, service charges), specific terms for the purchase option (price calculation, exercise period), and various operational aspects, making it a comprehensive document for complex commercial property transactions in Ireland.
