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Commercial Lease Purchase Option

Description: Commercial leases may contain an option for the tenant to purchase the premises. This sample purchase option clause provides for an option period during which the tenant may notify the landlord of their intent to purchase the premises, subject to compliance with other aspects of the lease.
Form Type: Contract Clauses
Practice Area: Real Estate

Date: Nov 2013
PLI Item #: 60635
Keywords: "real estate"; "commercial real estate" landlord; tenant; lease; "purchase option"; "option to purchase"; "option period"; "tenant notice"; "purchase price"; "as is"; "rent commencement date"
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