The Lease Option Agreement Property For Sale is a sophisticated legal instrument used in Malaysian property transactions where parties wish to combine immediate property occupation with future purchase rights. This document is particularly valuable in situations where potential buyers need time to arrange financing or want to "try before they buy." The agreement, governed by Malaysian property and contract law, typically includes detailed terms for both the lease period (including rent, maintenance, and usage rights) and the purchase option (including price, exercise period, and completion mechanics). It provides protection for both property owners and tenants/potential buyers, ensuring clear rights and obligations throughout both the lease term and the potential purchase process. This type of agreement is commonly used in both residential and commercial property transactions throughout Malaysia.
Create a bespoke document in minutes, or upload and review your own.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
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 Agreement Property For Sale
"I need a Lease Option Agreement Property For Sale for a commercial warehouse in Kuala Lumpur, with a 2-year lease term starting March 2025 and an option to purchase at RM 2.5 million, ensuring the agreement includes specific provisions for heavy machinery storage and 24/7 access rights."
1. Parties: Identification of the Property Owner/Lessor and the Tenant/Option Holder
2. Background: Context of the agreement, including property details and parties' intentions
3. Definitions: Key terms used throughout the agreement
4. Lease Terms: Duration, rent amount, payment terms, and other lease conditions
5. Property Use and Maintenance: Permitted use, maintenance obligations, and property care requirements
6. Option Grant: Terms of the option to purchase, including option period and exercise mechanism
7. Purchase Price and Payment: Agreed purchase price, payment structure, and treatment of lease payments
8. Exercise of Option: Procedure for exercising the option and timeline for completion
9. Property Transfer: Process and requirements for transferring property ownership upon option exercise
10. Representations and Warranties: Parties' declarations regarding property condition and authority to enter agreement
11. Default and Remedies: Consequences of breach and available remedies
12. Termination: Circumstances and procedures for agreement termination
13. Notices: Communication requirements and contact details
14. General Provisions: Standard clauses including governing law, entire agreement, and amendments
1. Special Conditions: Additional terms specific to unique property features or circumstances
2. Strata Title Provisions: Include when property is subject to strata management
3. Property Management: Include for properties within managed developments
4. Renovation Rights: Include when tenant is permitted to make improvements
5. Assignment Rights: Include if assignment of lease or option rights is permitted
6. Insurance Requirements: Detailed insurance obligations beyond standard requirements
7. Environmental Conditions: Include for properties with environmental considerations
8. Development Restrictions: Include when property is subject to development controls
1. Schedule 1 - Property Description: Detailed property description, including lot number, title details, and address
2. Schedule 2 - Lease Terms: Detailed lease conditions, including rent schedule and payment terms
3. Schedule 3 - Option Terms: Detailed option conditions, including price calculation and exercise procedure
4. Schedule 4 - Property Condition Report: Current condition of property and existing defects
5. Schedule 5 - Permitted Use: Specific details of allowed property usage
6. Schedule 6 - Maintenance Schedule: Detailed maintenance obligations of both parties
7. Appendix A - Property Plans: Floor plans and property boundaries
8. Appendix B - Title Documents: Copies of relevant title documents
9. Appendix C - Form of Option Exercise Notice: Template for exercising the purchase option
Authors
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Property Development
Commercial Property
Residential Property
Retail
Industrial
Hospitality
Agriculture (for agricultural land)
Office Space
Mixed-Use Development
Relevant Teams
Legal
Real Estate
Property Management
Operations
Finance
Compliance
Risk Management
Asset Management
Business Development
Commercial
Relevant Roles
Real Estate Manager
Property Development Manager
Legal Counsel
Contract Administrator
Property Manager
Asset Manager
Investment Manager
Facilities Manager
Real Estate Agent
Property Broker
Commercial Director
Operations Manager
Risk Manager
Compliance Officer
Finance Manager
Find the exact document you need
Lease To Own Rental Agreement
A Malaysian law-compliant agreement combining rental terms with a purchase option, allowing tenants to transition from renting to owning a property.
find out more
Lease To Own Equipment Agreement
A Malaysian law-governed agreement enabling equipment lease with an option to purchase, combining rental and purchase elements while ensuring regulatory compliance.
find out more
Property Options Contract
A Malaysian law-governed agreement granting exclusive rights to purchase specified property within a set timeframe and predetermined price.
find out more
Option To License Agreement
A Malaysian-law governed agreement granting the right to enter into a future license agreement for intellectual property rights under specified terms and conditions.
find out more
Option To Purchase In Lease Agreement
A Malaysian law-governed agreement combining property lease terms with a future purchase option, providing structured pathways for property rental and potential acquisition.
find out more
Option Agreement Contract
A Malaysian law-governed agreement granting one party the right to execute a specific transaction with another party under predetermined terms and conditions.
find out more
Buy Back Option Contract
A Malaysian law-governed agreement granting the right to repurchase property under specified terms and conditions within a predetermined timeframe.
find out more
Option To Purchase Real Estate Agreement
A Malaysian law-governed agreement granting exclusive rights to purchase specified real estate within a defined period.
find out more
Option And Purchase Agreement
A Malaysian law-governed agreement granting an exclusive right to purchase property at predetermined terms within a specified timeframe.
find out more
Extend Lease Agreement
A Malaysian legal document that extends an existing lease agreement between landlord and tenant, governed by Malaysian property and contract law.
find out more
Rental Contract With Option To Buy
A Malaysian law-governed agreement combining property rental terms with a future purchase option.
find out more
Option Sales Contract
A Malaysian law-governed agreement granting the right to purchase property or assets at predetermined terms within a specified period.
find out more
Single Option Agreement
A Malaysian law-governed agreement granting one party the exclusive right to enter into a specified transaction within a set timeframe and conditions.
find out more
Simple Right Of First Refusal Agreement
A Malaysian law-governed agreement granting one party the first right to enter into a specified business transaction before the grantor can deal with third parties.
find out more
Master Leasing Agreement
A Malaysian law-governed framework agreement establishing terms for multiple leasing transactions between parties, serving as an umbrella document for individual leases.
find out more
Lease To Own Land Agreement
A Malaysian law-governed agreement combining land lease terms with a future purchase option, structured under the National Land Code 1965.
find out more
Contract For Lease To Own
A Malaysian law-governed agreement combining property lease terms with a future purchase option, where lease payments contribute to the final purchase price.
find out more
Cash Payment Agreement
A Malaysian law-governed agreement establishing terms and conditions for cash payment obligations between parties, ensuring regulatory compliance and clear payment terms.
find out more
Rental Agreement With Option To Purchase
A Malaysian law-governed agreement combining property rental terms with an option for the tenant to purchase the property under specified conditions.
find out more
Right Of First Refusal Agreement
A Malaysian law-governed agreement granting one party the first right to enter into a specified transaction before the other party can engage with third parties.
find out more
Lease With Option To Buy Contract
A Malaysian law-governed agreement combining property lease terms with an option for the tenant to purchase the property during or after the lease period.
find out more
Option To Buy Contract
A Malaysian legal agreement granting exclusive rights to purchase specified property within a defined period, subject to Malaysian contract and property laws.
find out more
Lease Option Agreement Property For Sale
A Malaysian law-governed agreement combining property lease terms with a future purchase option, providing immediate occupancy while securing purchase rights.
find out more
Download our whitepaper on the future of AI in Legal
By providing your email address you are consenting to our Privacy Notice.
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
Our bank-grade security infrastructure undergoes regular external audits
We are ISO27001 certified, so your data is secure
Organizational security
You retain IP ownership of your documents
You have full control over your data and who gets to see it
Innovation in privacy:
Genie partnered with the Computational Privacy Department at Imperial College London
Together, we ran a £1 million research project on privacy and anonymity in legal contracts
Want to know more?
Visit our for more details and real-time security updates.
Read our Privacy Policy.