Lease Option To Buy Contract Template for Malaysia

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

4.6 / 5

4.8 / 5

Let's create your Lease Option To Buy Contract

1. Select your governing law and document type:

2. Enter your key requirements:

3. Create your document to edit, review or download

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:

Lease Option To Buy Contract

"I need a Lease Option To Buy Contract for a commercial warehouse in Kuala Lumpur, with a 12-month lease starting March 1, 2025, and an option to purchase at RM 2.5 million that can be exercised within the lease period."

Document background

The Lease Option To Buy Contract is a sophisticated legal instrument used in Malaysian property transactions where parties wish to combine a lease arrangement with a future purchase opportunity. This document is particularly useful when a potential buyer needs time before committing to a purchase, whether for financial planning, due diligence, or other strategic reasons. It provides a structured framework under Malaysian law, incorporating requirements from the National Land Code 1965, Contracts Act 1950, and other relevant legislation. The agreement typically includes detailed provisions for both the lease period (including rent, maintenance, and usage rights) and the purchase option (including price, exercise period, and completion conditions). This type of contract is commonly used in both residential and commercial contexts, offering flexibility while protecting the interests of both property owners and potential buyers.

Suggested Sections

1. Parties: Identification of the property owner/lessor and tenant/lessee with full legal names and addresses

2. Background: Context of the agreement including property details and intention to grant both lease and purchase option rights

3. Definitions: Definitions of key terms used throughout the agreement including Property, Option Period, Purchase Price, etc.

4. Lease Terms: Core lease provisions including rent amount, payment terms, duration, and maintenance responsibilities

5. Option Grant: Express grant of the option to purchase and its basic terms

6. Option Period: Duration of the option period and any conditions for extension

7. Exercise of Option: Process and requirements for exercising the purchase option

8. Purchase Price: Agreed purchase price and any adjustments or credits from lease payments

9. Property Condition: Current condition of property and any requirements for maintenance during lease period

10. Insurance and Risk: Insurance requirements and allocation of risk during lease period

11. Default and Remedies: Events of default under both lease and option terms, and corresponding remedies

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

13. Governing Law: Specification of Malaysian law as governing law and jurisdiction

14. Execution: Signature blocks and execution requirements

Optional Sections

1. Strata Title Provisions: Required if property is an apartment/condominium, covering body corporate rules and restrictions

2. Tenant Improvements: Include if tenant is permitted to make improvements and details of how these affect purchase price

3. Assignment Rights: Include if either party is permitted to assign their rights under the agreement

4. Property Management: Required for properties in managed communities or with specific maintenance requirements

5. Option Premium: Include if there is a separate payment for the option right

6. Rent Credit: Include if portion of rent payments will be credited toward purchase price

7. Due Diligence: Include if specific due diligence period or requirements are needed before option exercise

Suggested Schedules

1. Property Description: Detailed legal description of property including lot number, title details, and boundaries

2. Payment Schedule: Detailed breakdown of rent payments, due dates, and any rent escalation provisions

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

4. Option Exercise Notice: Pro-forma notice for exercising the purchase option

5. Permitted Use: Detailed description of permitted use of property during lease period

6. Maintenance Schedule: Detailed breakdown of maintenance responsibilities between parties

7. Insurance Requirements: Specific insurance requirements including types and amounts of coverage required

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

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Real Estate

Property Development

Commercial Property

Residential Property

Retail

Industrial

Agriculture

Hospitality

Office Space

Mixed-Use Development

Relevant Teams

Legal

Real Estate

Property Management

Facilities Management

Contract Administration

Compliance

Investment

Asset Management

Risk Management

Operations

Relevant Roles

Real Estate Manager

Property Developer

Legal Counsel

Property Manager

Contract Administrator

Facilities Manager

Real Estate Agent

Investment Manager

Asset Manager

Compliance Officer

Property Acquisition Manager

Real Estate Investment Director

Legal Director

Commercial Property Manager

Find the exact document you need

Lease Option To Buy Contract

A Malaysian law-governed agreement combining property lease terms with a future purchase option, establishing rights and obligations for both lessor and lessee/potential buyer.

How a Sales & Marketing Lead uses Genie AI to reduce contract drafting time by 95%

Let's create your Lease Option To Buy Contract

Authors

Alex Denne

Find the exact document you need

Lease Option To Buy Contract

Legal Purchase Agreement

Exclusive Buyer Agreement

Discount Agreement

Website Sale Agreement

Securities Purchase Agreement

Equity Investment Contract

Used Car Purchase Agreement

Car Purchase Contract

Agreement For Hire Purchase Of A Motor Vehicle

Agreement For Advance Payment For Purchase Of House

Heavy Equipment Purchase Agreement

Shares Agreement

Car Lease To Own Agreement

Equipment Purchase Contract

Offer To Purchase Agreement

Business Sale Contract

Public Offer Agreement

Buyback Agreement

Standby Bond Purchase Agreement

Sale Agreement For House

Lease Agreement With Option To Purchase

Contingent Purchase Agreement

Auto Purchase Contract

Agreement For Advance Payment For Purchase Of Goods

Advance Agreement For Land Purchase

Purchase Agreement Letter

Partnership Purchase Agreement

Non Binding Letter Of Intent To Purchase Product

Dealer Purchase Agreement

Cross Purchase Agreement

Buy Tenancy Agreement

Truck Purchase Agreement

Intent To Buy Contract

Purchasers Agreement

Receivable Purchase Agreement

Letter Of Intent For Purchase Order

High Purchase Agreement Form

Business Buyout Agreement

Model Stock Purchase Agreement

Co Purchase Agreement

Short Land Purchase Agreement

Purchasing Agent Agreement

Purchase Agreement For Car Loan

Purchase Contract For Home

Equipment Purchase And Installation Agreement

Employee Laptop Purchase Agreement

Partnership Interest Purchase Agreement

Quota Purchase Agreement

Commercial Lease With Option To Purchase

Shop Sale Agreement

Private Sale Vehicle Purchase Agreement

Outright Purchase Agreement

Prepaid Forward Purchase Agreement

Goods Purchase Agreement

Bond Purchase Agreement

Ship Sale And Purchase Agreement

Preferred Stock Purchase Agreement

Purchase Of Service Contract

Property Sales Contract Between Seller And Buyer

Letter Of Intent For Coal Purchase

Product Purchase Agreement

Future Purchase Agreement

Letter Of Intent To Purchase Shares

Entity Purchase Agreement

As Is Sales Agreement

Wholesale Purchase Agreement

Vendor Purchase Agreement

Stock Subscription Agreement

Retail Purchase Agreement

Restaurant Purchase Agreement

Hardware Purchase Agreement

Furniture Purchase Agreement

Direct Purchase Agreement

As Is Purchase Agreement