Document background
The Commercial Lease Agreement With Option To Purchase is designed for use in Canadian jurisdictions where a property owner wishes to lease commercial property while giving the tenant the future right to purchase. This document is particularly useful in situations where a tenant wants to secure a location for their business but may need time to arrange financing or assess the property's suitability before committing to a purchase. It provides comprehensive coverage of both leasing and purchase aspects, including specific provisions required by provincial legislation, detailed financial terms, maintenance responsibilities, and the mechanism for exercising the purchase option. The agreement protects both parties' interests during the lease period while establishing clear parameters for a potential future sale. It's commonly used in commercial real estate transactions across various Canadian provinces, with provisions that can be tailored to comply with specific provincial requirements.
