Lease With Option To Buy Commercial Property Template for England and Wales

A comprehensive legal agreement governed by English and Welsh law that combines a commercial property lease with an option to purchase. The document establishes the terms of the tenancy while simultaneously granting the tenant the right to buy the property at a predetermined price or formula within a specified timeframe. It includes detailed provisions for both the lease period and the potential purchase, incorporating relevant statutory requirements and commercial property practices of England and Wales.

Typically:
£528
i
This cost is based on prices provided by
6 legal services in your market.
With Genie AI:

£0

i
Generate and export your first
document completely free.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Get template free
Upload to review

Your data doesn't train Genie's AI

You keep IP ownership of your docs

4.6 / 5
4.6 / 5
4.8 / 5

What is a Lease With Option To Buy Commercial Property?

A Lease With Option To Buy Commercial Property is utilized when a business wants to occupy a commercial property immediately while retaining the flexibility to purchase it in the future. This arrangement, governed by English and Welsh law, provides businesses with the opportunity to test the suitability of the premises before committing to a purchase, while securing a predetermined purchase price. The document incorporates both standard commercial lease provisions and detailed option terms, including the mechanism for exercising the option, price calculation, and completion requirements. It's particularly valuable for businesses seeking to manage cash flow while planning for future property ownership.

What sections should be included in a Lease With Option To Buy Commercial Property?

1. Parties: Details of landlord and tenant, including registered addresses

2. Background: Context of the agreement and property details

3. Definitions: Key terms used throughout the document

4. Demise: Property description and rights granted

5. Term and Rent: Duration of lease and payment terms

6. Option to Purchase: Terms and conditions of the purchase option

7. Tenant Covenants: Tenant obligations during the lease term

8. Landlord Covenants: Landlord obligations during the lease term

9. Insurance: Insurance obligations and requirements

What sections are optional to include in a Lease With Option To Buy Commercial Property?

1. Break Clause: Early termination provisions - used when parties want flexibility to end lease early

2. Service Charge: Building maintenance cost sharing provisions - used for multi-tenanted buildings

3. Alterations: Rights to modify premises - used when tenant may need to make changes to the property

What schedules should be included in a Lease With Option To Buy Commercial Property?

1. Schedule 1: Property Plan: Detailed plans and measurements of the property

2. Schedule 2: Rights Granted: Specific rights granted with the property

3. Schedule 3: Rights Reserved: Rights retained by landlord

4. Schedule 4: State of Repair: Initial condition report of the property

5. Schedule 5: Option Notice Form: Template for exercising purchase option

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents

Jurisdiction

England and Wales

Publisher

Genie AI

Document Type

Purchase Agreement

Cost

Free to use

Find the exact document you need

Stock Purchase Agreement Form

An England & Wales legal document detailing terms for company share transfers in M&A transactions.

Download

Standard Purchase Agreement

An England & Wales contract documenting the sale and purchase of goods, detailing terms and legal compliance.

Download

Simple Stock Purchase Agreement

An England & Wales legal document facilitating straightforward share transfers with essential terms and protections.

Download

Residential Real Estate Contract

An England & Wales legal document detailing terms for transferring residential property ownership between parties.

Download

Purchase Sale Contract

An England & Wales legal document outlining terms for the sale of goods, ensuring compliance and protecting parties' interests.

Download

Purchase Agreement Letter

An England & Wales document confirming purchase terms between buyer and seller for goods or services.

Download

Purchase Agreement Extension

An England & Wales legal document extending a purchase agreement's term with updated terms and conditions.

Download

Probate Purchase Agreement

An England & Wales legal document facilitating estate asset transactions before probate is granted.

Download

Private Sale Purchase Agreement

An England & Wales legal document detailing terms of a private sale, ensuring clarity and protection for parties involved.

Download

Personal Property Purchase Agreement

An England & Wales legal document detailing the sale and transfer of personal property ownership.

Download

Owner To Owner House Sale Contract

An England & Wales legal document facilitating direct property sales between owners, ensuring compliance with property laws.

Download

Option To Purchase Contract

An England & Wales legal document granting future property purchase rights under specified conditions.

Download

Offer And Agreement To Purchase Mobile Home

An England & Wales legal document for transferring mobile home ownership, detailing terms and protecting involved parties.

Download

Mobile And Manufactured Home Purchase Agreement And Sales Contract

An England & Wales contract for buying and selling mobile or manufactured homes, ensuring legal compliance.

Download

Manufactured Home Purchase Agreement

An England & Wales legal document for transferring ownership of a manufactured home, ensuring compliance with relevant legislation.

Download

Letter Of Sales Agreement

An England & Wales document formalizing sales terms, including product details and pricing, without a full contract.

Download

Lease With Option To Buy Commercial Property

An England & Wales legal document allowing businesses to lease with an option to purchase commercial property.

Download

Lease Contract Buy Out Agreement

An England & Wales legal document outlining terms for early lease termination and compensation agreement.

Download

Land Sell Agreement Form

An England & Wales legal document detailing the transfer of land ownership between seller and buyer.

Download

Earnest Money Form

An England & Wales legal document outlining family asset distribution and management across generations.

Download

Dealer Purchase Agreement

An England & Wales legal document resolving disputes through negotiation, preserving business relationships and avoiding litigation.

Download

Cross Purchase Agreement

An England & Wales legal document modifying divorce terms, requiring court approval for financial or child-related changes.

Download

Contract For Selling A Car Privately

An England & Wales legal document formalizing private accident settlements, detailing compensation, liability, and confidentiality terms.

Download

Commercial Letter Of Intent To Purchase

An England & Wales agreement defining business interactions, performance metrics, and accountability between organizations.

Download

Buy Tenancy Agreement

An England & Wales legal document granting authority for property management and transactions.

Download

Agreement To Sell Personal Property

An England & Wales document recording fax transmission details for legal and compliance purposes.

Download

Agreement For Sale And Agreement Of Sale

A legally binding contract under English and Welsh law documenting the terms and conditions of a property or asset sale between parties.

Download

Commercial Real Estate Contract Form

A legally binding contract form for commercial property transactions in England and Wales, outlining terms and conditions of sale.

Download

Land Selling Agreement Letter

A formal letter agreement used in England and Wales to document the terms and conditions of a property sale between parties.

Download

Software Source Code Purchase Agreement

A legal agreement under English and Welsh law for the purchase and transfer of software source code ownership, including all associated intellectual property rights and documentation.

Download

Option Purchase Contract Car

A contract under English and Welsh law granting the right to purchase a specified vehicle at a predetermined price within an agreed timeframe.

Download

Gas Station Purchase Agreement

A legal agreement under English and Welsh law for the purchase and sale of a gas station business, including property and associated assets.

Download

Mobile Home Park Purchase Agreement

A legal agreement under English and Welsh law for the purchase and sale of a mobile home park, including transfer of land, licenses, and existing tenant obligations.

Download

Semi Truck Purchase Agreement Form

A legal agreement for semi-truck sales and purchases under English and Welsh law, detailing transaction terms and conditions.

Download

Horse Lease Agreement With Option To Purchase

An English law agreement setting out terms for horse leasing with a future purchase option.

Download

Commercial Real Estate Purchase Agreement Form

A legal agreement for commercial property sales under English and Welsh law, defining terms and conditions of the transfer.

Download

New Construction Purchase Agreement

A legally binding agreement under English and Welsh law for the purchase of newly constructed property, setting out construction specifications, warranties, and completion terms.

Download

Contract For Selling A House Privately

A contract under English and Welsh law for the private sale of residential property between seller and buyer without estate agent involvement.

Download

New Construction Purchase And Sale Agreement

A legally binding agreement under English and Welsh law governing the sale of newly constructed properties from developers to purchasers.

Download

Contract For Selling A House By Owner

An English and Welsh law contract for direct property sale between owner and buyer without estate agent involvement.

Download
See more related templates

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

We are ISO27001 certified, so your data is secure

Organizational security:

You retain IP ownership of your documents and their information

You have full control over your data and who gets to see it