1. Parties: Identification of the lessor/seller and lessee/purchaser with complete details including registration numbers for companies
2. Background: Context of the agreement, including property ownership status and parties' intentions regarding lease and subsequent purchase
3. Definitions: Definitions of key terms used throughout the agreement including Property, Lease Period, Purchase Option, Completion Date
4. Property Details: Comprehensive description of the commercial property including location, dimensions, and permitted use
5. Lease Terms: Terms of the lease including duration, rent amount, payment schedule, and maintenance responsibilities
6. Purchase Option: Details of the purchase option including price, exercise period, and conditions for exercising the option
7. Rent and Purchase Price: Financial terms including rent structure, purchase price calculation, and treatment of rent payments towards purchase
8. Payment Terms: Payment schedules for both lease and purchase components, including security deposits and advance payments
9. Maintenance and Repairs: Responsibilities for property maintenance, repairs, and improvements during the lease period
10. Insurance and Taxes: Requirements for property insurance and responsibility for various taxes and duties
11. Exercise of Purchase Option: Procedure and requirements for exercising the purchase option
12. Completion of Purchase: Process and requirements for completing the property purchase
13. Representations and Warranties: Statements and guarantees made by both parties regarding the property and their capacity
14. Default and Remedies: Consequences of default under either lease or purchase provisions and available remedies
15. Termination: Circumstances and procedures for agreement termination
16. Governing Law and Jurisdiction: Applicable law and courts having jurisdiction over disputes
17. Notices: Process and addresses for serving notices under the agreement
