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1. Parties: Identification of the landlord/seller and tenant/buyer, including full legal names and addresses
2. Background: Context of the agreement, including property details and general purpose of the arrangement
3. Definitions: Key terms used throughout the agreement defined for clarity
4. Lease Terms: Core lease provisions including rent amount, payment terms, and duration
5. Property Use and Maintenance: Permitted use of property and maintenance responsibilities
6. Option to Purchase: Terms of the purchase option, including price and duration of option
7. Exercise of Option: Process and requirements for exercising the purchase option
8. Purchase Price and Payment: Agreed purchase price and how rent payments may apply to purchase
9. Property Condition: Current condition of property and any required improvements
10. Insurance Requirements: Required insurance coverage during lease and transfer upon purchase
11. Default and Remedies: Consequences of default under either lease or purchase provisions
12. Assignment and Subletting: Rights and restrictions regarding transfer of lease or option rights
13. Notices: How formal communications between parties must be made
14. Governing Law: Applicable jurisdiction and laws governing the agreement
15. General Provisions: Standard contract clauses including severability and entire agreement
1. Rent Credit Towards Purchase: Used when a portion of rent payments will be credited toward the purchase price
2. Property Improvements: Include when tenant is permitted to make improvements that affect purchase price
3. Environmental Matters: Required for properties with known environmental issues or industrial use
4. Co-signer Provisions: Include when a guarantor is required for the lease or purchase option
5. Early Purchase Option: Terms for exercising the purchase option before lease end
6. Financing Contingencies: Include when purchase option exercise depends on buyer obtaining financing
7. Property Management: Used for properties requiring specific management arrangements during lease
8. Option Extension Terms: Include when option period may be extended under certain conditions
1. Schedule A - Property Description: Detailed legal description of the property and included fixtures
2. Schedule B - Rent Payment Schedule: Detailed breakdown of rent payments and due dates
3. Schedule C - Purchase Price Calculation: Formula for determining final purchase price including rent credits
4. Schedule D - Property Condition Report: Detailed assessment of property condition at lease start
5. Schedule E - Permitted Improvements: List of improvements tenant is authorized to make
6. Appendix 1 - Property Plans: Floor plans and property boundaries
7. Appendix 2 - Insurance Requirements: Detailed insurance specifications
8. Appendix 3 - Environmental Reports: Any environmental assessments or reports
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