The Lease Sale Agreement is a specialized legal instrument used in Irish property transactions where parties wish to combine a lease period with a future purchase option. This arrangement is particularly useful when immediate purchase is not feasible or desired, but there is a clear intention for eventual ownership transfer. The document is commonly used in both commercial and residential property transactions in Ireland, providing flexibility while ensuring legal protection for all parties. It must comply with Irish property law, including the Land and Conveyancing Law Reform Act 2009 and related legislation. The agreement typically includes detailed provisions for both the lease period (including rent, maintenance, and use restrictions) and the purchase arrangement (including price, payment terms, and completion conditions). This type of agreement is particularly relevant in situations where buyers need time to arrange financing or want to ensure the property's suitability before committing to purchase.

1. Parties: Identification of the lessor/seller and lessee/buyer with full legal names and addresses

2. Background: Context of the agreement, including brief description of the property and parties' intentions regarding lease and subsequent purchase

3. Definitions: Definitions of key terms used throughout the agreement

4. Property Description: Detailed description of the property subject to the lease-sale, including all relevant legal descriptions and identifying features

5. Lease Terms: Terms of the lease period including duration, rent amount, payment terms, and maintenance responsibilities

6. Purchase Terms: Details of the purchase price, how lease payments contribute to the purchase, and terms for exercising the purchase option

7. Option to Purchase: Specific mechanics and conditions of exercising the purchase option, including notice requirements and timing

8. Deposit and Payments: Details of initial deposit, ongoing payments, and how payments are allocated between lease and purchase components

9. Property Condition and Inspections: Current condition of the property, inspection rights, and condition requirements for sale completion

10. Insurance and Risk: Insurance requirements during lease period and responsibility for risk of damage or loss

11. Maintenance and Repairs: Responsibilities for property maintenance and repairs during the lease period

12. Default and Remedies: Events of default under both lease and purchase provisions, and available remedies

13. Completion of Sale: Process and requirements for completing the final sale transaction

14. Governing Law and Jurisdiction: Specification of Irish law as governing law and jurisdiction for disputes