Lease With Option To Buy Contract Template for New Zealand

1. Property Improvements: Used when the lessee is permitted to make improvements to the property, specifying approval processes and how improvements affect purchase price

2. Assignment and Subletting: Include when transfer of lease or option rights is to be permitted under specific conditions

3. Early Termination: Include when parties want specific provisions for early lease termination without affecting purchase option

4. Mortgage and Financing: Include when specific provisions are needed regarding existing mortgages or future financing arrangements

5. Property Management: Used for commercial properties or when specific management arrangements are needed during lease period

6. Environmental Matters: Include for properties with potential environmental concerns or compliance requirements

7. GST Provisions: Include when either party is GST-registered and GST implications need to be addressed

1. Property Description: Detailed legal description of the property, including title references and any exclusions

2. Rent Schedule: Detailed breakdown of rent payments, including any scheduled increases

3. Option Exercise Terms: Specific procedures and forms for exercising the purchase option

4. Property Inventory: Detailed list of any furnishings, fixtures, or equipment included in lease and potential sale

5. Maintenance Schedule: Detailed breakdown of maintenance responsibilities between lessor and lessee

6. Condition Report: Detailed report of property condition at lease commencement

7. Purchase Price Calculation: Formula or method for calculating final purchase price, including any rent credits