The Lease Sale Agreement is a specialized legal instrument used in Indian property transactions where parties wish to combine both leasing and purchasing arrangements in a single transaction. This type of agreement is particularly useful when the buyer/lessee wants immediate possession of the property but prefers or needs to defer the complete purchase, often due to financial considerations or strategic business planning. The document incorporates elements from both lease and sale agreements, complying with Indian property law requirements including the Transfer of Property Act, Registration Act, and state-specific regulations. It typically includes detailed terms about property possession, maintenance responsibilities, payment schedules for both lease and purchase components, and conditions for eventual property transfer. This agreement type is commonly used in commercial real estate transactions, particularly in situations involving large properties or when businesses need flexible property acquisition arrangements.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc
1. Parties: Identification and details of the lessor/seller and lessee/buyer
2. Background: Context of the transaction and brief property history
3. Definitions: Key terms used throughout the agreement
4. Property Description: Detailed description of the property including boundaries and measurements
5. Sale Consideration: Purchase price, payment terms, and schedule
6. Lease Terms: Duration, rent amount, payment schedule, and renewal terms
7. Possession and Handover: Terms and conditions for property possession and handover
8. Representations and Warranties: Declarations by both parties regarding property title, authority to contract, etc.
9. Covenants: Obligations of both parties during the lease period
10. Maintenance and Repairs: Responsibilities for property maintenance and repairs
11. Insurance: Requirements for property insurance and responsibility for premiums
12. Default and Remedies: Consequences of default and available remedies
13. Termination: Grounds and procedure for agreement termination
14. Governing Law and Jurisdiction: Applicable laws and courts having jurisdiction
15. Notices: Method and addresses for serving notices
16. Execution: Signature blocks and witness details
1. Security Deposit: Terms of security deposit if required for the lease portion
2. Utilities and Outgoings: Responsibility for utility payments and other expenses
3. Assignment and Subletting: Rights and restrictions regarding property transfer or sublease
4. Force Majeure: Provisions for unforeseen circumstances affecting contract performance
5. Environmental Compliance: Environmental obligations and compliance requirements
6. Stamp Duty and Registration: Specific provisions about who bears these costs
7. GST Compliance: GST-related obligations if applicable
8. Modifications and Improvements: Rights and restrictions regarding property modifications
9. Right of First Refusal: Option for lessee to purchase property during lease term
1. Schedule A - Property Details: Detailed property description, measurements, and boundaries
2. Schedule B - Payment Schedule: Detailed breakdown of purchase price installments and lease payments
3. Schedule C - Title Documents: List of property title documents and ownership chain
4. Schedule D - Property Inspection Report: Current condition of property and existing fixtures/fittings
5. Schedule E - Handover Inventory: List of items included in property handover
6. Appendix 1 - Property Plans: Architectural plans and property layout
7. Appendix 2 - Photographs: Current photographs of the property
8. Appendix 3 - Maintenance Schedule: Detailed maintenance responsibilities and schedules
Relevant legal definitions
Agreement
Property
Lease Period
Commencement Date
Completion Date
Lessor
Lessee
Seller
Buyer
Purchase Price
Lease Rent
Security Deposit
Permitted Use
Title Deeds
Encumbrances
Force Majeure
Consideration
Maintenance Charges
Common Areas
Utilities
Business Day
Applicable Laws
Competent Authority
Occupancy Certificate
Property Tax
Stamp Duty
Registration Charges
Handover Date
Default
Interest Rate
Payment Date
Due Date
Transfer Date
Fixtures and Fittings
Schedule
Appendix
Relevant Authority
Notice
Material Breach
Outgoings
Property
Lease Period
Commencement Date
Completion Date
Lessor
Lessee
Seller
Buyer
Purchase Price
Lease Rent
Security Deposit
Permitted Use
Title Deeds
Encumbrances
Force Majeure
Consideration
Maintenance Charges
Common Areas
Utilities
Business Day
Applicable Laws
Competent Authority
Occupancy Certificate
Property Tax
Stamp Duty
Registration Charges
Handover Date
Default
Interest Rate
Payment Date
Due Date
Transfer Date
Fixtures and Fittings
Schedule
Appendix
Relevant Authority
Notice
Material Breach
Outgoings
Clauses
Property Description
Sale Consideration
Lease Terms
Payment Terms
Title and Ownership
Representations and Warranties
Possession and Handover
Maintenance and Repairs
Insurance
Property Use
Assignment and Subletting
Default and Remedies
Force Majeure
Termination
Indemnification
Dispute Resolution
Governing Law
Registration and Stamp Duty
Utilities and Outgoings
Environmental Compliance
Notices
Confidentiality
Severability
Entire Agreement
Amendment
Authority and Capacity
Compliance with Laws
Security Deposit
Property Access
Transfer of Rights
Sale Consideration
Lease Terms
Payment Terms
Title and Ownership
Representations and Warranties
Possession and Handover
Maintenance and Repairs
Insurance
Property Use
Assignment and Subletting
Default and Remedies
Force Majeure
Termination
Indemnification
Dispute Resolution
Governing Law
Registration and Stamp Duty
Utilities and Outgoings
Environmental Compliance
Notices
Confidentiality
Severability
Entire Agreement
Amendment
Authority and Capacity
Compliance with Laws
Security Deposit
Property Access
Transfer of Rights
Relevant Industries
Real Estate
Commercial Property
Industrial
Retail
Manufacturing
Warehousing
Office Space
Hospitality
Healthcare
Education
Relevant Teams
Legal
Finance
Real Estate
Operations
Facilities Management
Compliance
Risk Management
Corporate Affairs
Business Development
Property Management
Relevant Roles
Real Estate Manager
Property Manager
Legal Counsel
Corporate Lawyer
Finance Director
Chief Financial Officer
Facilities Manager
Operations Director
Real Estate Director
Compliance Officer
Asset Manager
Business Development Manager
Property Valuation Expert
Contract Administrator
Find the exact document you need
Land For Sale Land Contract
An Indian law-governed agreement for the sale and transfer of land property, detailing terms of sale, property specifications, and transfer conditions.
find out more
Deed Of Sale For Property
A legally binding document under Indian law that transfers property ownership from seller to buyer, requiring official registration and stamp duty payment.
find out more
Contract Of Sale Of Immovable Property
An Indian law-governed agreement documenting the sale and transfer of immovable property between parties, requiring official registration.
find out more
Agreement For Sale Of Flat In Co Operative Housing Society
An Indian legal agreement for the sale and transfer of flat ownership and membership rights in a cooperative housing society, compliant with Indian property and cooperative society laws.
find out more
Agreement Between Buyer And Seller Of Goods
An Indian law-governed agreement establishing terms and conditions for the sale and purchase of goods between parties, aligned with the Sale of Goods Act and Contract Act.
find out more
Sales Agreement Between Two Parties
An Indian law-governed agreement establishing terms and conditions for the sale of goods between two parties, ensuring legal compliance and protecting both parties' interests.
find out more
Sale Agreement Of Immovable Property
An Indian law-compliant agreement documenting the terms and conditions for the sale and transfer of immovable property between parties.
find out more
Contract To Sell
An Indian law-governed agreement establishing future sale obligations between parties, with terms for property/asset transfer and payment conditions.
find out more
Farm Purchase Agreement
An Indian law-governed agreement for the purchase and sale of agricultural land, ensuring compliance with agricultural laws and land regulations.
find out more
Sales Employee Contract
An Indian law-governed employment contract for sales professionals defining employment terms, compensation structure, and sales-related obligations.
find out more
Harmless Agreement
An Indian law-governed agreement where one party agrees to protect another from liability for specific risks and losses, structured under the Indian Contract Act, 1872.
find out more
For Sale By Owner Purchase Contract
An Indian legal document for direct property sales between seller and buyer without real estate agent involvement, compliant with Indian property laws.
find out more
Form For Sale Of Vehicle
A standardized agreement for vehicle sale and ownership transfer in India, compliant with the Motor Vehicles Act and state regulations.
find out more
Used Equipment Sales Agreement
An Indian law-governed agreement for the sale and purchase of used equipment, covering equipment condition, warranties, and transfer of ownership.
find out more
Product Contract
An Indian law-governed agreement establishing terms and conditions for product sale and purchase, including specifications, pricing, and delivery terms.
find out more
Business Buy Sell Agreement
An Indian law-governed agreement detailing terms and conditions for the sale and purchase of a business enterprise, including price, warranties, and completion mechanics.
find out more
Vehicle Purchase Form
An Indian law-compliant document that formalizes vehicle purchase transactions and ownership transfer, adhering to the Motor Vehicles Act and state regulations.
find out more
Lease To Purchase Contract
An Indian law-governed agreement combining property lease terms with a future purchase option, ensuring compliance with national and state property laws.
find out more
Registered Lease Deed
A legally binding and registered document under Indian law that establishes the terms and conditions for leasing property between landlord and tenant.
find out more
Deed Of Sale Condominium
A legal instrument under Indian law that transfers ownership of a condominium unit from seller to buyer, including rights to common areas and society membership.
find out more
Definitive Purchase Agreement
An Indian law-governed agreement detailing the final terms and conditions for the purchase and sale of assets, goods, or business interests.
find out more
Sales Agency Agreement
An Indian law-governed agreement establishing terms between a principal company and sales agent, including territory rights, commissions, and mutual obligations.
find out more
Furniture Sale Agreement
An Indian law-governed agreement setting out terms and conditions for furniture sale and purchase, including specifications, pricing, delivery, and warranty terms.
find out more
Sales Rep Contract
An Indian law-governed agreement establishing terms between a company and sales representative, covering appointment, duties, compensation, and obligations.
find out more
Export Sale Contract
An Indian law-governed contract establishing terms for international sale and export of goods from India to foreign buyers, incorporating both domestic and international trade requirements.
find out more
Deed Of Sale Motor Vehicle
An Indian law-compliant deed that documents the transfer of ownership of a motor vehicle between parties, including sale terms and vehicle specifications.
find out more
Contract To Sell Motor Vehicle
An Indian law-compliant agreement for the sale and transfer of ownership of a motor vehicle, detailing vehicle specifications, price, and transfer terms.
find out more
Sell By Owner Contract
An Indian legal document for direct property sales between seller and buyer without real estate agent involvement, governed by Indian property law.
find out more
Restaurant Sale Agreement
An Indian law-governed agreement for the transfer of restaurant business ownership, covering all assets, licenses, and operational rights from seller to buyer.
find out more
Manufactured Home Purchase Agreement
An Indian law-governed agreement for the purchase and sale of manufactured homes, covering sale terms, specifications, delivery, installation, and warranties.
find out more
Deed Of Sale With Assume Balance
An Indian legal document facilitating property sale where the buyer assumes the seller's existing loan balance, governed by Indian property and contract laws.
find out more
Deed Of Sale Of Motor Vehicle Form
An Indian legal document that formalizes the transfer of ownership of a motor vehicle between parties, complying with Motor Vehicles Act requirements.
find out more
Buy Sell Agreement For Small Business
An Indian law-governed agreement detailing the terms and conditions for the sale and purchase of a small business, including all essential transaction elements and regulatory compliance requirements.
find out more
Lease Option Property For Sale
An Indian law-governed agreement combining a property lease with an option to purchase, establishing terms for both leasing and the future sale of the property.
find out more
Simple Land Sale Agreement Word Document
An Indian law-compliant agreement documenting the terms and conditions for the sale and transfer of land ownership between parties.
find out more
Assignable Purchase And Sale Agreement
An Indian law-governed agreement for the sale and purchase of assets or property, featuring assignability rights for the purchaser.
find out more
Conditional Sales Purchase Agreement
An Indian law-governed agreement establishing a conditional sale where the seller retains title until specified conditions are met by the purchaser.
find out more
House For Sale On Contract
An Indian law-compliant agreement for the sale and purchase of residential property, detailing terms of transfer, payment, and obligations of parties involved.
find out more
Agreement For Sale Without Possession
An Indian legal document facilitating property sale while allowing the seller to retain physical possession, governed by Indian property law.
find out more
Flat Purchase Agreement
An Indian law-compliant agreement for the purchase and sale of residential flats/apartments, governed by RERA and property laws.
find out more
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
.png)
.png)