Document background
The Commercial Lease Purchase Agreement is a sophisticated legal instrument used in Australian commercial property transactions where a tenant wishes to lease a property with the option to purchase it in the future. This arrangement is particularly useful for businesses wanting to secure a property while maintaining initial capital flexibility. The document combines elements of both lease and sale agreements, incorporating specific requirements under Australian federal and state property laws, retail leasing legislation, and commercial contract regulations. It typically includes detailed provisions about property usage, maintenance obligations, rent calculations, purchase price determination, option exercise periods, and completion requirements. This type of agreement is commonly used in commercial property acquisitions, business expansions, and strategic property investments where immediate purchase isn't preferred or possible.
