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1. Parties: Identification of the Owner/Seller and Tenant/Buyer with complete details
2. Background: Context of the agreement, including property details and parties' intentions
3. Definitions: Definitions of key terms used throughout the agreement
4. Lease Terms: Duration of lease, rental amount, payment schedule, and lease conditions
5. Purchase Option Terms: Purchase price, option period, and conditions for exercising the purchase option
6. Rent Credits: Details of how rental payments contribute to the purchase price
7. Property Maintenance and Repairs: Responsibilities for maintenance, repairs, and improvements during the lease period
8. Insurance and Property Taxes: Requirements for insurance coverage and responsibility for property taxes
9. Default and Remedies: Consequences of default under either lease or purchase terms
10. Exercise of Purchase Option: Process and requirements for exercising the purchase option
11. Title Transfer: Procedures and obligations for transferring property title upon exercise of purchase option
12. Representations and Warranties: Statements of fact and promises by both parties
13. Notices: Method and addresses for formal communications between parties
14. Governing Law: Specification of Malaysian law as governing law and jurisdiction
15. Execution: Signature blocks and execution requirements
1. Property Inspection: Details of initial property inspection and condition report, recommended when property requires significant maintenance
2. Early Purchase Option: Terms for early exercise of purchase option, useful when parties want flexibility in timing
3. Assignment and Subletting: Rules regarding transfer of rights, needed if parties want to restrict or allow these options
4. Homeowners Association: Requirements and obligations if property is part of a managed community
5. Property Improvements: Terms for handling and valuing improvements made by tenant, important for properties needing renovation
6. Death or Incapacity: Succession provisions in case of death or incapacity of either party
7. Financing Contingencies: Conditions related to buyer's future financing arrangements for purchase
8. Environmental Matters: Environmental warranties and indemnities, important for commercial properties
1. Schedule A - Property Description: Detailed legal description of the property and included fixtures/fittings
2. Schedule B - Payment Schedule: Detailed breakdown of rental payments, purchase price, and rent credits
3. Schedule C - Property Condition Report: Initial condition assessment and photographic evidence
4. Schedule D - Maintenance Requirements: Specific maintenance obligations and standards
5. Schedule E - Insurance Requirements: Detailed insurance coverage requirements and minimum limits
6. Appendix 1 - Property Title Documents: Copies of relevant title documents and encumbrances
7. Appendix 2 - Property Plans: Floor plans, site plans, and relevant property drawings
8. Appendix 3 - Required Permits: Copies of relevant permits and certificates
Real Estate
Property Development
Banking and Finance
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Insurance
Property Management
Residential Housing
Commercial Property
Construction
Asset Management
Legal
Real Estate
Property Management
Compliance
Risk Management
Operations
Finance
Asset Management
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Real Estate Manager
Property Manager
Legal Counsel
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Compliance Officer
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