The Lease With Option To Buy Contract is a sophisticated legal instrument used in New Zealand property transactions where parties wish to combine a lease arrangement with a future purchase opportunity. This document is particularly useful in situations where immediate purchase is not feasible or desired, but there is mutual interest in a potential future sale. It provides tenants with the security of a lease while securing the right to purchase the property at a predetermined price or calculation method. The agreement must comply with New Zealand property law, including the Property Law Act 2007, Residential Tenancies Act 1986, and relevant commercial legislation. It typically includes detailed provisions for property maintenance, insurance requirements, option exercise procedures, and purchase price mechanisms. This type of contract is commonly used in both residential and commercial contexts, offering flexibility while protecting the interests of all parties involved.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership of your docs
1. Parties: Identification of the lessor/potential seller and lessee/potential buyer, including full legal names and addresses
2. Background: Context of the agreement, including property details and parties' intentions regarding lease and potential purchase
3. Definitions and Interpretation: Key terms used throughout the agreement, including property, lease period, option period, and purchase price mechanics
4. Lease Terms: Core lease provisions including rent, duration, maintenance responsibilities, and utility payments
5. Option to Purchase: Terms of the purchase option, including option price, exercise period, and mechanism for exercising the option
6. Purchase Price and Payment: Details of the purchase price calculation, including any rent credit and payment terms
7. Property Condition and Inspections: Current condition of property, inspection rights, and condition requirements at time of purchase
8. Insurance and Risk: Insurance requirements during lease period and transition of risk upon purchase
9. Default and Remedies: Consequences of default under either lease or option terms, including remedies available to either party
10. Notices: Process for formal communications between parties, including option exercise notice
11. General Provisions: Standard contract clauses including governing law, dispute resolution, and entire agreement provisions
1. Property Improvements: Used when the lessee is permitted to make improvements to the property, specifying approval processes and how improvements affect purchase price
2. Assignment and Subletting: Include when transfer of lease or option rights is to be permitted under specific conditions
3. Early Termination: Include when parties want specific provisions for early lease termination without affecting purchase option
4. Mortgage and Financing: Include when specific provisions are needed regarding existing mortgages or future financing arrangements
5. Property Management: Used for commercial properties or when specific management arrangements are needed during lease period
6. Environmental Matters: Include for properties with potential environmental concerns or compliance requirements
7. GST Provisions: Include when either party is GST-registered and GST implications need to be addressed
1. Property Description: Detailed legal description of the property, including title references and any exclusions
2. Rent Schedule: Detailed breakdown of rent payments, including any scheduled increases
3. Option Exercise Terms: Specific procedures and forms for exercising the purchase option
4. Property Inventory: Detailed list of any furnishings, fixtures, or equipment included in lease and potential sale
5. Maintenance Schedule: Detailed breakdown of maintenance responsibilities between lessor and lessee
6. Condition Report: Detailed report of property condition at lease commencement
7. Purchase Price Calculation: Formula or method for calculating final purchase price, including any rent credits
Find the exact document you need
Storage Unit Rental Agreement
A New Zealand-compliant legal agreement establishing terms and conditions for storage unit rental arrangements between facility operators and customers.
Download
Simple Land Lease Agreement Form
A New Zealand-compliant agreement establishing terms and conditions for leasing land between a lessor and lessee, governed by NZ property law.
Download
Shop Lease Agreement
A New Zealand-governed agreement establishing terms and conditions for leasing retail premises, including rights and obligations of landlord and tenant.
Download
Lease For Renting A Room
A New Zealand-compliant legal agreement for renting a single room in a shared residential property, establishing terms and conditions between landlord and tenant.
Download
Auto Lease Agreement
A New Zealand-compliant agreement establishing terms and conditions for vehicle leasing, including payment terms, maintenance responsibilities, and usage conditions.
Download
Lease Agreement For Non Profit Organization
New Zealand-compliant lease agreement template specifically designed for non-profit organization tenants, addressing charitable use and regulatory requirements.
Download
Pet Agreement For Rental
A New Zealand-compliant agreement governing pet ownership in residential rental properties, supplementing the main tenancy agreement.
Download
Salon Lease Agreement
A New Zealand-compliant commercial lease agreement specifically designed for salon premises, addressing both standard lease terms and specialized beauty industry requirements.
Download
Registered Lease Agreement
A New Zealand-governed agreement creating a registered leasehold interest in real property, establishing legally protected rights and obligations between landlord and tenant.
Download
Quick Lease Agreement
A simplified yet legally compliant New Zealand lease agreement template for establishing rental arrangements under NZ property law.
Download
Tenancy Agreement Form
A New Zealand-compliant legal agreement establishing the terms and conditions between landlord and tenant for residential property rental.
Download
Studio Lease Agreement
A New Zealand-governed lease agreement for studio premises, detailing terms and conditions for studio rental, usage, and maintenance.
Download
Periodic Lease Agreement
A New Zealand residential tenancy agreement establishing an ongoing periodic tenancy, compliant with the Residential Tenancies Act 1986.
Download
Leasehold Contract
A legally binding agreement under New Zealand law that establishes property leasing terms between a lessor and lessee, governed by the Property Law Act 2007.
Download
Flat Lease Agreement
A New Zealand-compliant residential lease agreement establishing terms and conditions for flat rentals, governed by NZ tenancy law.
Download
Family Lease Agreement
A New Zealand-compliant lease agreement specifically designed for residential property rental arrangements between family members.
Download
Contract Vehicle Leasing
A New Zealand-governed agreement setting out terms and conditions for vehicle leasing arrangements, compliant with local legislation and regulations.
Download
Car Residential Lease Agreement
A New Zealand-compliant agreement establishing terms and conditions for residential vehicle leasing, including payment, maintenance, and usage terms.
Download
Weekly Rental Agreement
A New Zealand-compliant residential tenancy agreement for weekly rental arrangements, establishing terms between landlord and tenant under NZ law.
Download
Vacation Rental Contract
A New Zealand-compliant agreement establishing terms and conditions for temporary vacation rental accommodation, defining rights and obligations of property owners/managers and guests.
Download
Trailer Lease Agreement
A New Zealand law-governed agreement setting out terms and conditions for leasing a trailer, including payment, maintenance, and usage terms.
Download
Space Rental Agreement
A New Zealand-compliant legal agreement establishing terms and conditions for commercial space rental between landlord and tenant.
Download
Pre Lease Agreement
A New Zealand law-governed preliminary agreement outlining key terms and conditions agreed between landlord and tenant before executing a formal lease.
Download
Lifetime Lease Agreement
A New Zealand-governed agreement establishing a lifetime lease arrangement between property owner and tenant, detailing rights, obligations, and terms of permanent occupancy.
Download
Car Lease Agreement Between Two Parties
A New Zealand-compliant agreement establishing terms and conditions for leasing a motor vehicle between two parties.
Download
5 Year Commercial Lease Agreement
A New Zealand-governed five-year commercial lease agreement establishing terms and conditions for commercial property rental.
Download
Rental Lease Agreement Form
A New Zealand-compliant residential tenancy agreement that establishes the legal relationship between landlord and tenant, governed by the Residential Tenancies Act 1986.
Download
Lodger Contract
A New Zealand legal agreement between a live-in homeowner and a lodger renting a room in the same property, establishing terms for shared living arrangements.
Download
Vehicle Rent Agreement
A New Zealand-compliant legal agreement establishing terms and conditions for temporary vehicle rental between a rental company and renter.
Download
1 Year House Lease Agreement
New Zealand residential tenancy agreement for a fixed one-year term, compliant with NZ tenancy laws and regulations.
Download
Year Lease Agreement
A New Zealand-compliant one-year residential lease agreement establishing terms and conditions between landlord and tenant.
Download
Lot Lease Agreement
A New Zealand-governed agreement establishing terms and conditions for leasing a specific lot of land, including rights and obligations of lessor and lessee.
Download
Short Form Lease Agreement
A concise New Zealand residential lease agreement template that establishes key rental terms while ensuring compliance with local property laws.
Download
Month To Month Apartment Lease
A New Zealand-compliant month-to-month apartment lease agreement template for periodic residential tenancies.
Download
Lease With Option To Buy Contract
A New Zealand-compliant agreement combining property lease terms with a future purchase option, establishing rights and obligations for both lessor and lessee.
Download
Rental Contract
A New Zealand-compliant residential tenancy agreement establishing terms and conditions for property rental under NZ law.
Download
Simple Space Rental Agreement
A straightforward agreement for renting commercial or business space under New Zealand law, outlining basic terms and conditions for temporary space use.
Download
Multiple Tenant Lease Agreement
A New Zealand-compliant lease agreement establishing terms and conditions for multiple tenants sharing a single residential property.
Download
Joint Lease Agreement
A New Zealand-compliant agreement establishing terms and conditions for multiple tenants sharing rental property under joint and several liability.
Download
Shared Tenancy Agreement
A New Zealand-compliant legal agreement establishing terms and conditions for multiple tenants sharing a residential property, governed by NZ residential tenancy laws.
Download
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s 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
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)