All Countries
Real Estate
Purchase And Lease Agreement

Purchase And Lease Agreement Template for Australia

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Purchase And Lease Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Purchase And Lease Agreement

"I need a Purchase and Lease Agreement for a commercial warehouse property in Sydney, where my company will purchase the property for $5.2M and lease it back to the current owner for 10 years starting March 2025, with annual rent reviews and an option to extend for 5 years."

Celebrated by
Collaborations with
Investors
Document background
The Purchase And Lease Agreement is a sophisticated legal instrument used in Australian commercial property transactions where a party wishes to purchase a property and immediately lease it back to the seller or to a third party. This document type is particularly relevant in sale-leaseback arrangements, property portfolio restructuring, or when businesses seek to optimize their real estate holdings while maintaining operational use of the property. The agreement must comply with Australian federal and state-based property laws, including the Property Law Act, Retail Leases Act, and Competition and Consumer Act 2010. It contains comprehensive provisions covering both the purchase transaction (including price, settlement, and transfer requirements) and the lease arrangement (including term, rent, maintenance, and operational obligations).
Suggested Sections

1. Parties: Identification of all parties to the agreement including purchaser, vendor, and any guarantors

2. Background: Context of the transaction, including property details and intention to enter into purchase and subsequent lease arrangement

3. Definitions and Interpretation: Definitions of key terms and interpretation rules for the agreement

4. Purchase Terms: Core terms of the purchase including purchase price, deposit, and settlement arrangements

5. Lease Terms: Essential lease terms including rent, term, commencement date, and permitted use

6. Property Condition and Inspections: Status of the property, inspection rights, and condition warranties

7. Settlement Obligations: Requirements for completion of the purchase, including documentation and payments

8. Lease Commencement and Possession: Conditions for lease commencement and handover of possession

9. Outgoings and Expenses: Allocation of costs, rates, taxes, and other expenses for both purchase and lease

10. Insurance Requirements: Insurance obligations for both parties during purchase and lease periods

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

12. Default and Termination: Consequences of default and termination rights for both purchase and lease

13. Dispute Resolution: Procedures for resolving disputes under either purchase or lease provisions

14. Notices: Requirements for giving valid notices under the agreement

15. General Provisions: Standard boilerplate clauses including governing law, entire agreement, and variation

16. Execution: Execution blocks for all parties

Optional Sections

1. GST Provisions: Detailed GST treatment - required if either party is registered for GST

2. Foreign Investment Provisions: Required if purchaser is a foreign person under FIRB regulations

3. Guarantees: Required if any party's obligations are being guaranteed by a third party

4. Fit-out Works: Required if premises require fitting out before lease commencement

5. Option to Renew: Include if granting lease renewal options

6. Assignment and Subletting: Detailed provisions if transfer rights are being granted

7. Environmental Matters: Required for properties with environmental concerns or compliance requirements

8. Development Conditions: Include if purchase or lease is conditional on development approvals

9. Break Clause: Optional early termination rights for either party

10. First Right of Refusal: Include if tenant is being granted first right to purchase

Suggested Schedules

1. Property Description: Detailed description of the property including title particulars and plan

2. Purchase Price Calculation: Breakdown of purchase price components and payment terms

3. Rent Calculation: Detailed rent calculations, including any incentives or abatements

4. Outgoings Schedule: Detailed list of outgoings and responsibility allocation

5. Permitted Use: Detailed description of permitted use and any restrictions

6. Fit-out Specifications: Detailed specifications for any agreed fit-out works

7. Condition Report: Detailed report on property condition at purchase/lease commencement

8. Essential Safety Measures: List of safety measures and compliance requirements

9. Guarantee Terms: Detailed terms of any guarantees provided

10. Special Conditions: Any special conditions specific to the transaction

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant legal definitions
Agreed Price
Adjustment Date
Bank Guarantee
Base Rent
Building
Business Day
Commencement Date
Common Areas
Completion
Completion Date
Deposit
Default Rate
Duty
Encumbrance
Essential Safety Measures
Expiry Date
GST
Guarantor
Improvements
Initial Term
Land
Lease
Lease Period
Lessee
Lessor
Maintenance
Market Review Date
Outgoings
Permitted Use
Premises
Property
Purchase Price
Purchaser
Rent
Rent Review Date
Review Period
Settlement
Settlement Date
Special Conditions
Stamp Duty
Title
Transfer
Transfer Date
Vendor
Vendor's Solicitor
Working Hours
Clauses
Purchase Obligations
Sale Terms
Property Transfer
Settlement
Title and Registration
Payment Terms
Lease Terms
Rent and Payments
Security Deposit
Property Use
Maintenance and Repairs
Alterations and Improvements
Insurance
Assignment and Subletting
Default and Termination
Property Access
Outgoings
Environmental Compliance
Health and Safety
Warranties and Representations
Due Diligence
Risk and Possession
Tenant Obligations
Landlord Obligations
Utilities and Services
Confidentiality
Force Majeure
Dispute Resolution
Notices
GST and Taxation
Governing Law
Indemnification
Property Condition
Building Rules
Permitted Use
Option to Renew
Make Good
Emergency Procedures
Compliance with Laws
Security of Tenure
Relevant Industries

Commercial Real Estate

Retail

Industrial

Manufacturing

Healthcare

Education

Hospitality

Logistics

Agriculture

Mining

Professional Services

Technology

Relevant Teams

Legal

Finance

Real Estate

Operations

Facilities Management

Risk & Compliance

Property Development

Asset Management

Treasury

Investment

Relevant Roles

Real Estate Director

Property Manager

Commercial Lawyer

Legal Counsel

Chief Financial Officer

Operations Director

Facilities Manager

Asset Manager

Investment Manager

Treasury Manager

Risk Manager

Compliance Officer

Property Development Manager

Real Estate Investment Manager

Industries
Competition and Consumer Act 2010 (Cth): Federal legislation that provides consumer protections and regulates business conduct, including unfair contract terms and misleading or deceptive conduct in property transactions
Conveyancing Act 1919 (State-based): Governs the transfer of property ownership and related matters including requirements for contracts of sale and property transfers
Retail Leases Act (State-based): Regulates retail shop leases, including mandatory terms, disclosure requirements, and rights and obligations of landlords and tenants
Property Law Act (State-based): Covers fundamental principles of property law, including interests in land, leases, and property rights
Electronic Transactions Act 1999 (Cth): Provides legal framework for electronic transactions and signatures, relevant for modern contract execution
Income Tax Assessment Act 1997 (Cth): Covers tax implications of property transactions, including capital gains tax and rental income taxation
Goods and Services Tax Act 1999 (Cth): Governs GST obligations in property transactions and leasing arrangements
Duties Act (State-based): Regulates stamp duty and other transaction-based taxes applicable to property purchases
Foreign Acquisitions and Takeovers Act 1975 (Cth): Relevant if any party is a foreign person or entity, requiring FIRB approval for certain property transactions
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

5 Year Lease With Option To Buy

An Australian-compliant lease agreement for a five-year term with an integrated option to purchase, combining both leasehold and future purchase rights in a single comprehensive document.

find out more

Optional Service Contract

An Australian law-governed agreement establishing terms for optional service provision on an as-needed basis.

find out more

Option Extension Agreement

An Australian legal document that extends the duration and potentially modifies terms of an existing option agreement between parties.

find out more

One Year Lease With Option To Renew

An Australian-compliant one-year lease agreement with renewal option, establishing terms and conditions for property rental under Australian law.

find out more

Commercial Lease To Own Agreement

An Australian-compliant agreement establishing terms for leasing commercial property with a future purchase option, combining lease and sale elements.

find out more

Lease Option Contract

An Australian legal agreement combining a property lease with an option to purchase, giving the tenant exclusive rights to buy the property within a specified timeframe.

find out more

Land Lease To Own Contract

An Australian legal agreement combining property leasing terms with a purchase option, enabling tenants to transition from leasing to ownership under specified conditions.

find out more

Option Cancellation Agreement

An Australian law-governed agreement for the formal cancellation of company-issued options, addressing all regulatory and legal requirements.

find out more

Valid Option Contract

An Australian-law governed agreement granting the right to enter into a specified transaction within a defined period, subject to agreed terms and conditions.

find out more

Commercial Lease Agreement With Option To Purchase

An Australian commercial lease agreement that includes an option for the tenant to purchase the property, combining lease terms with future buying rights.

find out more

Purchase Agreement With Payment Plan

An Australian-law governed agreement for purchasing goods or assets with structured payment terms, incorporating consumer protection and credit arrangement provisions.

find out more

Lease To Own Land Agreement

An Australian law-governed agreement that combines a property lease with an option to purchase, establishing terms for both temporary occupation and potential future ownership of land.

find out more

Land Lease Purchase Agreement

An Australian legal agreement combining property lease terms with future purchase rights, governed by Australian property and consumer law.

find out more

Land Buying Agreement

An Australian legal agreement documenting the terms and conditions for the purchase and transfer of land ownership between a vendor and purchaser.

find out more

Equipment Lease Purchase Option

An Australian law-governed agreement for equipment leasing with a purchase option, detailing lease terms, maintenance obligations, and purchase conditions.

find out more

Cash Payment Agreement

An Australian-law governed agreement setting out terms and conditions for cash payment arrangements, ensuring regulatory compliance and defining payment obligations.

find out more

Business Lease Purchase Agreement

An Australian law-governed agreement combining commercial lease terms with purchase provisions, enabling lease-to-own arrangements for business properties or assets.

find out more

Purchase And Lease Agreement

An Australian law-governed agreement combining property purchase terms with subsequent leasing arrangements, typically used in commercial real estate transactions.

find out more

Business Lease To Own Agreement

An Australian-law governed agreement enabling businesses to lease commercial property with a future purchase option, combining lease and purchase terms under one contract.

find out more

First Option To Buy Agreement

An Australian law-compliant agreement granting exclusive rights to purchase specified property under predetermined terms within a set timeframe.

find out more

Truck Lease To Own Agreement

An Australian agreement governing the lease of a truck with an option to purchase, establishing terms for both temporary use and eventual ownership transfer.

find out more

Owner Finance Purchase Agreement

An Australian legal agreement where the property seller provides purchase financing to the buyer, combining property sale and credit terms under Australian law.

find out more

Seller Financing Purchase Agreement

An Australian legal agreement combining property sale terms with seller-provided financing arrangements, compliant with national credit and property laws.

find out more

Option To Purchase Business Agreement

An Australian-compliant agreement granting a potential buyer the right to purchase a business within a specified timeframe under predetermined terms and conditions.

find out more

Outright Purchase Agreement

An Australian law-governed agreement for the complete transfer of ownership of assets from seller to buyer, including purchase terms, warranties, and completion requirements.

find out more

Exclusive Option Agreement

An Australian law-governed agreement granting exclusive rights to enter into a future transaction within a specified period.

find out more

Right Of First Refusal Agreement

An Australian-law governed agreement granting one party the first right to enter into a transaction before the owner can engage with third parties.

find out more

Lease With Option To Buy Contract

An Australian legal agreement combining a property lease with an option to purchase, establishing terms for both leasing and potential future ownership.

find out more

Vehicle Lease To Own Agreement

An Australian-compliant agreement establishing terms for a vehicle lease-to-own arrangement, including payment terms, maintenance requirements, and ownership transfer provisions.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: https://www.genieai.co/our-research
Oops! Something went wrong while submitting the form.

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

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our Trust Centre for more details and real-time security updates.

Read our Privacy Policy.