Commercial Lease Agreement With Option To Purchase Template for India

1. Fit-out Period: Used when tenant requires time for interior work before lease commencement

2. Common Areas: Include when property is part of larger complex with shared facilities

3. Environmental Compliance: Required for properties in industrial zones or with specific environmental concerns

4. Right of First Refusal: Additional right to match any third-party purchase offers

5. Property Management: Include when property has designated management company or specific management requirements

6. Naming Rights: Important for commercial properties where tenant wishes to display business name

7. Parking: Detailed parking rights and restrictions when relevant to the property

8. Operating Hours: Required for properties in commercial complexes with restricted hours

1. Schedule A - Property Description: Detailed property description including boundaries and floor plans

2. Schedule B - Rent Schedule: Detailed breakdown of rent payments and escalations

3. Schedule C - Inventory List: List of fixtures, fittings, and equipment included in lease

4. Schedule D - Purchase Option Terms: Detailed terms of purchase option including valuation mechanism

5. Schedule E - Maintenance Responsibilities: Detailed split of maintenance responsibilities between parties

6. Schedule F - Insurance Requirements: Specific insurance requirements and coverage amounts

7. Schedule G - Handover Condition: Description of condition for property handover at lease end

8. Appendix 1 - Property Documents: Copies of property title, tax receipts, and permissions

9. Appendix 2 - Floor Plans: Detailed architectural plans and measurements

10. Appendix 3 - Due Diligence Reports: Property inspection and verification reports