Document background
The Commercial Lease Agreement With Option to Purchase is commonly used in Singapore's commercial real estate market when parties wish to combine the flexibility of a lease with a potential future purchase arrangement. This document is particularly useful for businesses that want to test a location before committing to a purchase, or need time to arrange financing for an eventual purchase. The agreement must comply with Singapore's strict property laws and regulations, including requirements under the Land Titles Act and Planning Act. It typically includes detailed provisions about the property's use, maintenance responsibilities, rental terms, and specific conditions under which the purchase option can be exercised. This arrangement provides security for both landlord and tenant while offering a structured path to property ownership.
