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1. Parties: Identification of lessor/potential seller and lessee/potential buyer, including full legal names, addresses, and registration details if companies
2. Background: Context of the agreement, property overview, and intention to enter into lease with purchase option arrangement
3. Definitions: Key terms used throughout the agreement including Property, Option Period, Purchase Price, Lease Term, etc.
4. Lease Terms: Duration, rent amount, payment schedule, maintenance responsibilities, and other standard lease provisions
5. Property Use and Maintenance: Permitted use of property, maintenance obligations, alterations, and improvements
6. Option to Purchase: Terms of the purchase option, including option period, exercise process, and purchase price calculation
7. Exercise of Option: Process and requirements for exercising the purchase option, including notice requirements and timeframes
8. Purchase Price and Payment: Detailed purchase price calculation, credit for rent paid, and payment terms upon exercise of option
9. Registration Requirements: Requirements for registering both lease and potential sale with relevant authorities
10. Insurance and Risk: Insurance requirements during lease period and risk allocation
11. Default and Remedies: Events of default under both lease and option terms, and corresponding remedies
12. Termination: Circumstances and process for termination of the agreement
13. Governing Law and Jurisdiction: Specification of UAE law application and jurisdiction for disputes
14. Notices: Process and requirements for formal communications between parties
15. Execution: Signature blocks and execution requirements
1. Broker Provisions: Include when real estate brokers are involved in the transaction, specifying their roles and commissions
2. Mortgage Contingency: Include when the potential purchase requires mortgage financing
3. Property Management: Include for commercial properties requiring specific management arrangements
4. Environmental Matters: Include for industrial or commercial properties with potential environmental concerns
5. Tenant Improvements: Include when specific improvements by tenant are permitted or required
6. Assignment and Subletting: Include detailed provisions when transfer rights are to be granted
7. Force Majeure: Include specific force majeure provisions beyond standard terms when required for high-value properties
8. Escrow Arrangements: Include when option money or other funds need to be held in escrow
1. Schedule 1 - Property Description: Detailed description of the property including location, size, boundaries, and any included fixtures/fittings
2. Schedule 2 - Lease Payment Schedule: Detailed breakdown of lease payments, due dates, and payment methods
3. Schedule 3 - Purchase Price Calculation: Formula and method for calculating final purchase price, including any rent credit
4. Schedule 4 - Property Condition Report: Detailed assessment of property condition at lease commencement
5. Schedule 5 - Permitted Alterations: List of alterations tenant is permitted to make to the property
6. Appendix A - Property Title Documents: Copies of relevant title documents and registration certificates
7. Appendix B - Property Plans: Floor plans, site plans, and other relevant property drawings
8. Appendix C - Required Insurance Certificates: Forms and specifications for required insurance coverage
Property
Lease Term
Commencement Date
Expiry Date
Rent
Security Deposit
Option Period
Option Notice
Purchase Price
Completion Date
Lessor
Lessee
Common Areas
Permitted Use
Registration Fee
Transfer Fee
Business Day
Force Majeure Event
Maintenance Charges
Option Fee
Purchase Deposit
Rent Credit
Title Deed
Utilities
Service Charges
Property Manager
Improvements
Insurance Requirements
Default Event
Notice Period
Registration Authority
RERA
Applicable Law
Occupancy Certificate
Broker
Building
Municipality
Maintenance Standards
Exercise Price
Completion Documents
Property Access
Option to Purchase
Title Transfer
Insurance
Maintenance
Assignment
Default
Termination
Force Majeure
Dispute Resolution
Governing Law
Registration
Property Use
Utilities
Alterations
Property Condition
Environmental Compliance
Representations and Warranties
Indemnification
Notices
Severability
Entire Agreement
Amendment
Confidentiality
Compliance with Laws
Health and Safety
Security Deposit
Property Inspection
Broker Commission
Risk Allocation
Service Charges
Common Areas
Tenant Improvements
Option Exercise
Purchase Price Adjustment
Title Insurance
Property Registration
Due Diligence
Completion
Real Estate
Commercial Property
Residential Property
Industrial Property
Retail
Hospitality
Manufacturing
Logistics
Healthcare
Education
Legal
Real Estate
Finance
Operations
Facilities Management
Risk and Compliance
Business Development
Property Management
Asset Management
Contract Administration
Real Estate Manager
Property Development Director
Legal Counsel
Chief Financial Officer
Facilities Manager
Commercial Director
Investment Manager
Asset Manager
Property Operations Manager
Risk Manager
Compliance Officer
Business Development Manager
Real Estate Broker
Property Administrator
Contract Manager
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