The Lease To Own Commercial Property Contract is a specialized agreement used in South African commercial real estate transactions where parties wish to combine a lease arrangement with a future purchase option. This document is particularly relevant when businesses want to secure commercial premises while building up equity through rental payments, eventually leading to ownership. It addresses the complex requirements of South African property law, including the Alienation of Land Act and Deeds Registries Act, while providing flexibility for commercial arrangements. The contract is structured to protect both lessor and lessee interests, incorporating detailed provisions for property maintenance, rental payments, purchase price calculations, and the mechanism for transitioning from lease to ownership. This type of agreement is commonly used for businesses expanding their operations, companies testing new locations, or enterprises seeking to manage cash flow while securing long-term property ownership.
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 and details of the Lessor/Seller and Lessee/Purchaser
2. Background: Context of the agreement and brief description of the property and transaction structure
3. Definitions and Interpretation: Detailed definitions of terms used in the agreement and rules of interpretation
4. Property Description: Comprehensive description of the commercial property, including physical address, erf number, and registered details
5. Lease Period: Duration of the lease period before option to purchase becomes exercisable
6. Rental Payments: Rental amount, payment dates, escalation rates, and payment methods
7. Purchase Option Terms: Conditions for exercising the purchase option, including purchase price calculation and credit for rental payments
8. Property Usage and Compliance: Permitted use of property and compliance with zoning and regulations
9. Maintenance and Repairs: Responsibilities for property maintenance, repairs, and improvements
10. Insurance and Risk: Insurance requirements and allocation of risk during lease period
11. Exercise of Purchase Option: Process and requirements for exercising the purchase option
12. Transfer of Property: Procedures and obligations for eventual transfer of property ownership
13. Breach and Remedies: Consequences of breach and available remedies for both parties
14. Dispute Resolution: Procedures for resolving disputes between parties
15. Notices and Domicilia: Communication methods and official addresses for notices
16. General Provisions: Standard clauses including entire agreement, variation, and governing law
1. Property Management: Required when property is part of a larger complex or requires specific management arrangements
2. Tenant Improvements: Include when specific improvements by tenant are permitted or required
3. Environmental Matters: Required for properties with environmental concerns or specific environmental compliance requirements
4. Operating Costs: Include when there are specific arrangements for sharing or allocating operating costs
5. Subletting and Assignment: Include when subletting or assignment rights are to be specifically addressed
6. Development Rights: Required when property includes development potential or restrictions
7. Special Conditions: Include when there are property-specific conditions or requirements
8. Option to Purchase Additional Land: Include when adjacent or related property might be available for future purchase
1. Property Details Schedule: Detailed technical description of property, including plans and specifications
2. Rental Payment Schedule: Detailed breakdown of rental payments, escalations, and credit towards purchase
3. Purchase Price Calculation: Formula and terms for calculating final purchase price, including rental credits
4. Property Condition Report: Detailed assessment of property condition at commencement of lease
5. Maintenance Schedule: Detailed breakdown of maintenance responsibilities and schedules
6. Insurance Requirements: Specific insurance requirements and minimum coverage amounts
7. Compliance Certificates: List of required compliance certificates and responsible parties
8. Approved Alterations: Details of any pre-approved alterations or improvements
Find the exact document you need
Cash Contract (Real Estate)
South African legal agreement for cash-based property sales, compliant with local property law and transfer requirements.
Download
Offer To Purchase Commercial (Real Estate)
A legally binding offer to purchase commercial real estate in South Africa, compliant with local property law and commercial practice.
Download
Option To Purchase Contract (Real Estate)
A South African law-compliant agreement granting the exclusive right to purchase specified real estate property within a set timeframe and under predetermined terms.
Download
Development Agreement (Real Estate)
A South African law-governed agreement establishing terms and conditions for real estate development projects, defining rights and obligations between developers and property owners.
Download
Developer Agreement (Real Estate)
A South African law-governed agreement between a developer and property owner establishing terms for real estate development projects.
Download
Joint Venture Agreement (Real Estate)
A South African law-governed agreement establishing a joint venture between parties for real estate investment, development, or management purposes.
Download
Lease To Own Commercial Property Contract
A South African law-governed agreement combining commercial property lease terms with a purchase option, establishing conditions for both rental period and eventual property acquisition.
Download
Commercial Real Estate Agreement
A legally binding agreement for commercial real estate transactions in South Africa, outlining terms, conditions, and obligations under South African property law.
Download
Land Development Agreement
A South African law-governed agreement establishing terms and conditions for land development, including construction rights, obligations, and regulatory compliance requirements.
Download
Property Licence Agreement
A South African legal agreement granting specific rights to use or occupy property without transferring ownership or creating a lease relationship.
Download
Lease With Option To Buy Commercial Property
A South African law-governed agreement combining commercial property lease terms with a future purchase option, compliant with local property and commercial regulations.
Download
Real Estate Buyers Agreement
A South African law-compliant agreement governing the purchase and sale of real property, outlining terms, conditions, and obligations of the transaction.
Download
Commercial Office Space Lease Agreement
South African commercial office lease agreement establishing terms and conditions for office space rental, compliant with local property law and commercial requirements.
Download
Rent To Own Property Contract
A South African law-governed agreement combining property rental terms with a future purchase option, establishing conditions for both lease and eventual property acquisition.
Download
Personal Property Agreement
A South African law-compliant agreement governing the transfer, ownership, or use of personal property, defining terms, conditions, and party obligations.
Download
Lease Listing Agreement
A South African law-governed agreement between property owners and estate agencies for property leasing services, outlining marketing and tenant procurement terms.
Download
For Sale By Owner Land Contract
A South African legal agreement for direct property sale between owner and purchaser without real estate agent involvement, compliant with local property law.
Download
Real Estate Offer Contract
A South African legal document formalizing an offer to purchase real estate property, setting out terms and conditions in compliance with local property law.
Download
Owner Finance Real Estate Contract
A South African legal agreement for property sales where the seller provides direct financing to the buyer, combining property transfer and financing terms.
Download
Real Estate Exchange Agreement
A South African law-compliant agreement facilitating the exchange of real estate properties between parties, including terms, conditions, and transfer requirements.
Download
Residential Land Lease Agreement
A South African legal agreement establishing terms and conditions for residential land lease between landlord and tenant, governed by the Rental Housing Act and related legislation.
Download
Wholesale Purchase Agreement Contract
A South African law-governed agreement establishing terms for bulk purchase and supply of goods between businesses, including pricing, delivery, and compliance requirements.
Download
Property Donation Agreement
A legal agreement governed by South African law that documents and facilitates the gratuitous transfer of immovable property from a donor to a donee.
Download
Commercial Property Contract
A South African law-compliant agreement for the sale and transfer of commercial property, incorporating all essential legal and practical requirements.
Download
Real Estate Operating Agreement
A South African law-governed agreement establishing terms for real estate property management and operations between property owners and management entities.
Download
Vacant Land Lease Agreement
A South African law-compliant agreement establishing terms and conditions for leasing vacant land, including rental terms, usage rights, and regulatory compliance.
Download
Lease Option Agreement Property For Sale
A South African legal agreement combining a property lease with an option to purchase, establishing terms for both rental occupation and potential property acquisition.
Download
Residential Property Lease Agreement
A South African residential lease agreement establishing terms and conditions for property rental, compliant with local housing laws and regulations.
Download
Private Mortgage Contract
A South African law-governed agreement establishing terms and security for a private mortgage loan between lender and borrower, with property as collateral.
Download
Wholesale Real Estate Contract
A South African law-governed agreement for wholesale real estate transactions, facilitating the purchase and subsequent assignment of property rights to end buyers.
Download
Wholesale Agreement Contract
A South African law-governed agreement establishing terms and conditions for wholesale supply arrangements between suppliers and buyers.
Download
Property Sharing Agreement
A South African law-compliant agreement establishing rights and responsibilities between property co-owners, detailing shared ownership arrangements and management protocols.
Download
Land Contract
A South African legal agreement governing the sale and transfer of land or immovable property, compliant with the Alienation of Land Act and related property legislation.
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)