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1. Parties: Identification of lessor/seller and lessee/purchaser with complete details as required under Indian law
2. Background: Context of the agreement, including property ownership status and intention to enter lease-purchase arrangement
3. Definitions: Key terms used throughout the agreement, including property description, lease period, purchase price, and other relevant terms
4. Lease Terms: Details of the lease period, monthly payments, and conditions during the lease phase
5. Purchase Option: Terms and conditions for exercising the purchase option, including purchase price and credit of lease payments
6. Payment Terms: Complete payment structure including lease payments, purchase price, and how lease payments apply to purchase
7. Property Possession and Usage: Rights and restrictions regarding property use during lease period
8. Maintenance and Repairs: Responsibilities for property maintenance, repairs, and improvements during lease period
9. Insurance and Taxes: Obligations regarding property insurance and payment of property taxes
10. Default and Remedies: Consequences of default in lease payments or breach of agreement terms
11. Registration and Stamp Duty: Provisions for agreement registration and payment of applicable stamp duty
12. Governing Law and Jurisdiction: Applicable laws and courts having jurisdiction over disputes
13. Notices: Process and addresses for serving legal notices between parties
14. Execution: Signature blocks and execution formalities
1. Property Inspection: Details of initial property inspection and condition reporting, recommended when property requires significant maintenance
2. Third Party Rights: Provisions regarding existing tenants or other third-party rights, needed if property is not vacant
3. Environmental Compliance: Environmental obligations and compliance requirements, necessary for industrial or commercial properties
4. Assignment and Subletting: Rights to assign or sublet during lease period, included when parties want to specifically address these possibilities
5. Force Majeure: Provisions for unforeseen circumstances affecting agreement performance
6. Early Purchase Option: Terms for exercising purchase option before end of lease period, if allowed
7. Property Management: Specific management arrangements for complex properties or multi-unit buildings
8. Utilities and Services: Detailed provisions about utility connections and payments, important for properties with shared services
1. Property Description: Detailed description of property including boundaries, measurements, and registration details
2. Payment Schedule: Detailed breakdown of lease payments, purchase price, and payment milestones
3. Property Condition Report: Detailed report of property condition at commencement of lease
4. Title Documents: List of property title documents and their verification status
5. Maintenance Schedule: Detailed maintenance responsibilities and schedules
6. Fixtures and Fittings: Inventory of fixtures and fittings included in the lease-purchase
7. Property Rules and Regulations: Specific rules applicable to property usage, especially relevant for properties in managed communities
8. Due Diligence Documents: List of verified property documents and compliance certificates
Property
Lease Period
Purchase Option
Purchase Price
Lease Payment
Commencement Date
Option Exercise Date
Completion Date
Lessor
Lessee
Common Areas
Security Deposit
Permitted Use
Force Majeure
Maintenance Charges
Property Documents
Due Diligence
Encumbrances
Option Notice
Transfer Date
Stamp Duty
Registration Fees
Title Deeds
Fixtures and Fittings
Property Tax
Utilities
Insurance
Default Event
Remedies
Applicable Law
Competent Authority
Business Day
Notice
Occupancy Certificate
Purchase Consideration
Society
Earnest Money
Lease Premium
Improvements
Completion Certificate
Material Breach
Governing Law
Jurisdiction
Outgoings
Payment Schedule
Property Manager
Registration Authority
Terms and Conditions
Working Hours
Lease Terms
Purchase Option
Payment Terms
Property Transfer
Title and Ownership
Possession
Registration and Stamp Duty
Representations and Warranties
Insurance
Maintenance and Repairs
Property Tax
Utilities
Default and Termination
Force Majeure
Assignment and Subletting
Inspection Rights
Alterations and Improvements
Compliance with Laws
Environmental Compliance
Indemnification
Dispute Resolution
Governing Law
Notices
Entire Agreement
Severability
Amendment
Property Rules
Due Diligence
Title Investigation
Risk of Loss
Property Access
Third Party Rights
Security Deposit
Option Exercise
Completion Requirements
Property Handover
Legal Costs
Binding Effect
Time of Essence
Real Estate
Residential Property
Commercial Property
Industrial Property
Retail
Hospitality
Agriculture (for farmland)
Healthcare (for medical facilities)
Education (for institutional properties)
Manufacturing
Warehousing and Logistics
Legal
Real Estate
Facilities Management
Finance
Operations
Compliance
Risk Management
Property Management
Asset Management
Business Development
Administration
Real Estate Manager
Property Manager
Legal Counsel
Contract Manager
Facilities Manager
Real Estate Director
Chief Legal Officer
Compliance Officer
Finance Manager
Asset Manager
Business Development Manager
Operations Manager
Property Consultant
Real Estate Agent
Company Secretary
Risk Manager
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