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1. Parties: Identification of the property owner/lessor and tenant/lessee with full legal names and addresses
2. Background: Context of the agreement including property details and intention to grant both lease and purchase option rights
3. Definitions: Definitions of key terms used throughout the agreement including Property, Option Period, Purchase Price, etc.
4. Lease Terms: Core lease provisions including rent amount, payment terms, duration, and maintenance responsibilities
5. Option Grant: Express grant of the option to purchase and its basic terms
6. Option Period: Duration of the option period and any conditions for extension
7. Exercise of Option: Process and requirements for exercising the purchase option
8. Purchase Price: Agreed purchase price and any adjustments or credits from lease payments
9. Property Condition: Current condition of property and any requirements for maintenance during lease period
10. Insurance and Risk: Insurance requirements and allocation of risk during lease period
11. Default and Remedies: Events of default under both lease and option terms, and corresponding remedies
12. Notices: Requirements for giving valid notices under the agreement
13. Governing Law: Specification of Malaysian law as governing law and jurisdiction
14. Execution: Signature blocks and execution requirements
1. Strata Title Provisions: Required if property is an apartment/condominium, covering body corporate rules and restrictions
2. Tenant Improvements: Include if tenant is permitted to make improvements and details of how these affect purchase price
3. Assignment Rights: Include if either party is permitted to assign their rights under the agreement
4. Property Management: Required for properties in managed communities or with specific maintenance requirements
5. Option Premium: Include if there is a separate payment for the option right
6. Rent Credit: Include if portion of rent payments will be credited toward purchase price
7. Due Diligence: Include if specific due diligence period or requirements are needed before option exercise
1. Property Description: Detailed legal description of property including lot number, title details, and boundaries
2. Payment Schedule: Detailed breakdown of rent payments, due dates, and any rent escalation provisions
3. Condition Report: Detailed report of property condition at lease commencement
4. Option Exercise Notice: Pro-forma notice for exercising the purchase option
5. Permitted Use: Detailed description of permitted use of property during lease period
6. Maintenance Schedule: Detailed breakdown of maintenance responsibilities between parties
7. Insurance Requirements: Specific insurance requirements including types and amounts of coverage required
Property
Lease Term
Commencement Date
Termination Date
Rental
Security Deposit
Option Period
Option Fee
Purchase Price
Completion Date
Exercise Notice
Business Day
Permitted Use
Common Areas
Fixtures
Maintenance Charges
Identity Card
Land Office
National Land Code
Lease Period
Option Exercise Date
Purchase Completion
Title Deed
Vacant Possession
Working Day
Utility Charges
Force Majeure
Interest Rate
Property Tax
Stamp Duty
Lessor
Lessee
Legal Fees
Deposit
Assignment
Registration Fee
Default Interest
Payment Date
Notice Period
Grant of Lease
Option to Purchase
Rental Payment
Security Deposit
Property Use
Maintenance and Repairs
Insurance
Assignment and Subletting
Default and Remedies
Force Majeure
Property Condition
Utilities and Services
Access Rights
Alterations and Improvements
Option Exercise
Purchase Price
Completion
Title and Registration
Representations and Warranties
Indemnification
Notices
Governing Law
Dispute Resolution
Entire Agreement
Severability
Costs and Expenses
Termination
Stamp Duty
Compliance with Laws
Real Estate
Property Development
Commercial Property
Residential Property
Retail
Industrial
Agriculture
Hospitality
Office Space
Mixed-Use Development
Legal
Real Estate
Property Management
Facilities Management
Contract Administration
Compliance
Investment
Asset Management
Risk Management
Operations
Real Estate Manager
Property Developer
Legal Counsel
Property Manager
Contract Administrator
Facilities Manager
Real Estate Agent
Investment Manager
Asset Manager
Compliance Officer
Property Acquisition Manager
Real Estate Investment Director
Legal Director
Commercial Property Manager
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