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1. Parties: Identification of the lessor/seller and lessee/purchaser, including full legal names, addresses, and registration details if companies
2. Background: Context of the agreement, including property details and parties' intentions regarding lease and future purchase
3. Definitions: Definitions of key terms used throughout the agreement, including Property, Lease Period, Purchase Price, Option Period, etc.
4. Lease Terms: Details of the lease arrangement including duration, rent amount, payment terms, and maintenance responsibilities
5. Property Use: Permitted use of the property, restrictions, and compliance with zoning laws
6. Purchase Option: Terms of the purchase option, including option period, exercise process, and purchase price determination
7. Exercise of Purchase Option: Process and requirements for exercising the purchase option, including notice requirements and timelines
8. Purchase Price and Payment: Details of the purchase price, credit for lease payments if applicable, and payment terms
9. Property Condition: State of the property, inspections, and any warranties or representations
10. Insurance and Risk: Insurance requirements during lease period and transition to purchase
11. Default and Remedies: Consequences of default under either lease or purchase provisions
12. Registration and Transfer: Requirements for registration of lease and eventual transfer of title
13. Governing Law and Jurisdiction: Specification of UAE law application and jurisdiction for disputes
14. Execution: Signature blocks and execution requirements
1. Broker Provisions: Include when real estate brokers are involved in the transaction
2. Mortgage Contingency: Include when the purchase is contingent on the lessee obtaining financing
3. Property Management: Include when specific property management arrangements are needed during the lease period
4. Tenant Improvements: Include when the lessee is permitted to make improvements to the property
5. Assignment and Subletting: Include when these rights are to be granted to the lessee
6. Environmental Matters: Include for industrial or potentially contaminated properties
7. Force Majeure: Include specific force majeure provisions beyond standard terms
8. Early Purchase Option: Include when early purchase is permitted before the end of the lease term
1. Property Description: Detailed description of the property including plans and specifications
2. Rent Payment Schedule: Detailed breakdown of rent payments and due dates
3. Purchase Price Calculation: Formula or method for calculating final purchase price, including any rent credits
4. Property Condition Report: Detailed assessment of property condition at lease commencement
5. Permitted Alterations: List of alterations permitted during the lease period
6. Required Insurance: Detailed insurance requirements for both parties
7. Due Diligence Documents: List of required documents for property transfer
8. Service Charges: Breakdown of service charges and maintenance costs
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