Document background
The Lease and Sale Agreement is a specialized legal instrument used in Indian property transactions where parties wish to combine a lease arrangement with a future purchase option. This document is particularly useful when a potential buyer wants to occupy and use the property immediately but prefers or needs to defer the purchase to a later date. Common in commercial real estate and business property transactions, it provides flexibility while securing both parties' interests. The agreement must comply with multiple Indian legislations including the Transfer of Property Act, Registration Act, and state-specific property laws. It typically includes detailed provisions for both the lease period (rent, maintenance, utilities) and the eventual sale (purchase price, payment terms, title transfer conditions), making it suitable for complex property transactions where immediate outright purchase is not desired or feasible.
