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The Lease To Purchase Agreement is a specialized contract used in the UAE real estate market when parties wish to combine a property lease with a future purchase option. This arrangement is particularly valuable in the UAE's dynamic property market, allowing potential buyers to occupy and evaluate a property before committing to purchase. The agreement must comply with UAE Federal Laws, including the Civil Code and Property Laws, as well as specific emirate-level regulations such as Dubai's Law No. 26 of 2007 for tenant relationships and Law No. 13 of 2008 for property registration. It's commonly used when buyers need time to arrange financing, want to test the property's suitability, or prefer a gradual transition to ownership. The document includes detailed provisions for both the lease period and purchase option, covering rent payments, maintenance responsibilities, option fees, purchase price, and the mechanism for exercising the purchase option.

1. Parties: Identification of lessor/potential seller and lessee/potential buyer, including full legal names, Emirates ID numbers, and contact details

2. Background: Context of the agreement, including property ownership status and parties' intentions regarding lease and potential purchase

3. Definitions: Key terms used throughout the agreement, including Property, Lease Period, Purchase Option, Option Fee, and Purchase Price

4. Property Details: Comprehensive description of the property, including location, size, type, and registration details

5. Lease Terms: Lease duration, rent amount, payment schedule, security deposit, and maintenance responsibilities

6. Purchase Option Terms: Option period, purchase price, option fee, and mechanism for exercising the purchase option

7. Payment Terms: Details of all payments including rent, option fee, purchase price, and how lease payments may be credited toward purchase

8. Property Condition: Current condition of property, required maintenance, and condition requirements for purchase

9. Exercise of Purchase Option: Process and requirements for exercising the purchase option, including notice requirements and timeline

10. Title and Registration: Provisions regarding property title, registration requirements for both lease and potential sale

11. Default and Remedies: Consequences of default under either lease or purchase provisions, available remedies

12. Governing Law and Jurisdiction: Specification of UAE law application and relevant emirate jurisdiction

13. Notices: Process for formal communications between parties

14. General Provisions: Standard contract clauses including entire agreement, amendments, and severability