Business Lease Purchase Agreement


A business lease purchase agreement is a legal document which is drafted when a party agrees to lease his business to another party for a certain cost of purchase. The terms and conditions of such an agreement are generally legal in nature and are drafted after mutual discussion and agreement between the parties.

Sample Business Lease Purchase Agreement:

This agreement has been made effective as on 3rd March 2011

Duration of agreement: 12 months

This agreement has been made between the parties whose details are given as follows:

LESSEE

Name: Mr. Robert Coelho

Address: K-8, third floor, Torrent tower, London

Contact number: 4709370935705

OWNER

Name: Mr. John Mathews

The OWNER agrees to lease his furnishings business to the LESSEE for 12 months due to his absence from the city for medical reasons.

Contact number: 4739538753290

Details of the business

Address : D-78, first floor, Tony street, London

Lease per month: $20000

Total rent: $240000

The following are the terms and conditions of the agreement:

  • The OWNER is entitled to inspect the business and its undertakings whenever he wishes to.
  • The staff members remain the same in the absence of the OWNER except for valid reasons for firing or executing certain staff members.
  • The LESSEE must run the business in accordance to the guidelines presented to him.
  • The LESSEE cannot lease or sell the business or any of its components to any other person or party during the length of the agreement term.

Both the parties hereby agree to the terms of the agreement:

Robert Coelho

John Mathews

Category: Purchase Agreements

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