Document background
The Lease To Own Agreement serves as a flexible property acquisition mechanism in Singapore's real estate market, particularly suitable for buyers who need time to arrange financing or build up their down payment. This document establishes the terms under which a tenant can lease a property while maintaining the exclusive right to purchase it at a preset price. It details rental obligations, maintenance responsibilities, option exercise procedures, and purchase terms, all while ensuring compliance with Singapore's property regulations. The agreement is particularly relevant in situations where traditional property purchase methods may not be immediately feasible, offering a structured path to ownership while providing security for both parties.
