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The Lease With Option To Buy Contract is a specialized agreement used in Hong Kong real estate transactions where parties wish to combine a standard lease arrangement with a future purchase opportunity. This document is particularly useful when a potential buyer wants to occupy and evaluate a property before committing to purchase, or when they need time to arrange financing. The agreement provides detailed terms for both the lease period and the purchase option, including rent payments, maintenance responsibilities, option exercise procedures, and purchase price calculations. It must comply with Hong Kong's property laws, including the Landlord and Tenant (Consolidation) Ordinance and Conveyancing and Property Ordinance, while addressing stamp duty requirements for both lease and potential sale. The document is commonly used in both residential and commercial property transactions, offering flexibility and security for both parties while ensuring compliance with Hong Kong's legal framework.

1. Parties: Identification of the landlord/seller and tenant/potential buyer, including full legal names, addresses, and identification numbers

2. Background: Context of the agreement, including property ownership status and parties' intention for lease with purchase option

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

4. Lease Terms: Core lease provisions including duration, rent amount, payment terms, and use of property

5. Tenant Obligations: Responsibilities of the tenant including maintenance, utilities, insurance, and compliance with regulations

6. Landlord Obligations: Responsibilities of the landlord including property maintenance, insurance, and statutory compliance

7. Option to Purchase: Terms of the purchase option, including option period, exercise process, and purchase price calculation

8. Exercise of Option: Procedure for exercising the option, including notice requirements and timeframes

9. Purchase Price and Payment: Details of the purchase price, any rent credit arrangements, and payment terms upon exercise of option

10. Property Condition: State of the property, any existing defects, and condition requirements for both lease and potential sale

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

12. Termination: Circumstances and procedures for terminating the lease and/or option agreement

13. Notices: Requirements for formal communications between parties

14. Governing Law: Specification of Hong Kong law as governing law and jurisdiction clause