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The Land Lease Purchase Agreement is utilized when parties wish to establish a lease arrangement with a built-in purchase option, commonly used in both commercial and residential contexts under English and Welsh law. This arrangement allows tenants to occupy property immediately while securing the right to purchase it later, often used when immediate purchase isn't feasible or desired. The agreement includes detailed provisions on lease terms, purchase price calculation, exercise periods for the option, and conditions precedent to purchase. It's particularly relevant in developer-occupier relationships and can be structured to comply with various commercial and residential property regulations.
