The Option To Lease Agreement is a crucial document in Danish real estate transactions, providing flexibility and security for both property owners and potential tenants. It is commonly used when a party requires time to finalize business plans, secure financing, or obtain necessary permits before committing to a full lease agreement. The document, governed by Danish law, typically includes detailed information about the property, option fee, exercise period, and conditions precedent to exercise. It serves as a preliminary step to a full lease agreement, offering the option holder exclusive rights while protecting the property owner's interests through clearly defined terms and conditions. This agreement type is particularly valuable in commercial real estate transactions where due diligence and complex decision-making processes are required.
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聽of your information
Key Requirements PROMPT example:
Option To Lease Agreement
I need an Option to Lease Agreement for a retail space in Copenhagen, where my company wants a 6-month option period starting March 2025, with the ability to conduct due diligence and verify planning permissions for our intended restaurant use.
1. Parties: Identification of the Option Grantor (property owner) and Option Holder, including full legal names, addresses, and registration numbers for companies
2. Background: Context of the agreement, including property details and parties' intentions
3. Definitions: Definitions of key terms used throughout the agreement
4. Grant of Option: Clear statement of the option being granted and its fundamental terms
5. Option Period: Duration of the option, including start and end dates
6. Option Fee: Amount, payment terms, and whether refundable or non-refundable
7. Exercise of Option: Process and requirements for exercising the option, including notice requirements
8. Lease Terms: Key terms of the lease that will come into effect upon exercise of the option
9. Property Condition: State of the property and any conditions related to its use or maintenance during the option period
10. Representations and Warranties: Statements of fact and promises by both parties
11. Assignment and Transfer: Rights and restrictions regarding transfer of the option rights
12. Termination: Circumstances under which the agreement may be terminated
13. Notices: How formal communications between parties should be made
14. Governing Law and Jurisdiction: Confirmation of Danish law application and jurisdiction
15. Entire Agreement: Statement that the document represents the complete agreement between parties
16. Execution: Signature blocks and execution requirements
1. Development Conditions: Used when the property requires development or modifications before lease commencement
2. Due Diligence: Include when the option holder requires a due diligence period
3. Financing Conditions: Required if the option exercise is contingent on obtaining financing
4. Environmental Provisions: Include for properties with environmental concerns or requirements
5. Planning Permission: Necessary when the intended use requires planning permission
6. Multiple Properties: Include when the option covers multiple properties or units
7. Break Rights: Optional termination rights during the option period
8. Exclusivity: Prevents the owner from offering the property to others during the option period
1. Property Description: Detailed description of the property including address, land registry details, and plans
2. Form of Lease: Draft of the lease agreement to be entered into upon exercise of the option
3. Payment Schedule: Detailed breakdown of option fees and future lease payments
4. Condition Report: Current condition of the property with photographs and descriptions
5. Required Improvements: List of any improvements or modifications required before lease commencement
6. Due Diligence Documents: List of documents to be provided for due diligence
7. Permitted Uses: Detailed description of allowed uses for the property
8. Exercise Notice Template: Template for the formal notice to exercise the option
Authors
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Commercial Property
Retail
Industrial
Office Space
Hospitality
Healthcare
Education
Logistics
Manufacturing
Technology
Professional Services
Relevant Teams
Legal
Real Estate
Finance
Operations
Business Development
Facilities Management
Risk Management
Corporate Development
Property Management
Asset Management
Relevant Roles
Real Estate Director
Property Manager
Legal Counsel
Commercial Director
Chief Financial Officer
Facilities Manager
Business Development Manager
Operations Director
Corporate Real Estate Manager
Expansion Manager
Site Selection Manager
Asset Manager
Investment Manager
Lease Administrator
Risk Manager
Find the exact document you need
Option Sales Contract
A Danish law-governed agreement granting the right to buy or sell a specified asset at predetermined terms within a set timeframe.
find out more
First Refusal Agreement
A Danish law-governed agreement granting preferential rights to a party to enter into a transaction before others, subject to specified terms and conditions.
find out more
Master Leasing Agreement
Danish law-governed framework agreement establishing terms for multiple leasing transactions between lessor and lessee, with provisions for individual lease schedules.
find out more
Land Buying Agreement
A Danish law-governed agreement for the purchase and sale of land, ensuring compliant transfer of property ownership under Danish jurisdiction.
find out more
Rental Agreement With Option To Purchase
A Danish law-governed agreement combining property rental terms with a future purchase option, establishing conditions for both temporary occupation and potential ownership transfer.
find out more
Option To Lease Agreement
A Danish law-governed agreement granting the exclusive right to lease a specified property within a defined period, subject to agreed terms and conditions.
find out more
Land Option Contract
A Danish law agreement granting the right to purchase specific land at predetermined terms within a set timeframe.
find out more
Lease Purchase Agreement
A Danish law-governed agreement combining lease and purchase elements, allowing use of an asset with an option to buy at the lease term's end.
find out more
Lease Option Agreement
A Danish law-governed agreement combining property lease terms with an exclusive option for the tenant to purchase the property at predetermined terms.
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.
骋别苍颈别鈥檚 Security Promise
Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; 骋别苍颈别鈥檚 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 拢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.