Document background
The Commercial Lease Option To Buy agreement is utilized when parties wish to establish a commercial tenancy while providing the tenant with a future opportunity to purchase the property. This arrangement, governed by English and Welsh law, offers businesses flexibility in their property strategy, allowing them to test a location or build up capital before committing to a purchase. The document typically includes comprehensive lease terms, purchase price mechanisms, option exercise procedures, and completion requirements. It's particularly valuable for businesses seeking to establish operations with a view to eventual ownership, or for landlords looking to secure long-term occupants with a potential exit strategy.
