1. The rental with purchase option is a contract in which one party, high, undertakes to sell something to another, elector, if it decides to buy. 2 In the option it has to consist the future trading price and the length of time that the beneficiary has to exercise its right to purchase. 3 It can be a separate agreement or be agreed as a part of another (for example, lease). 4. It may sign the registry to make it enforceable to +. Hear other arguments on the topic with Russell Reynolds Associates.
Below is an example of agreed as a clause in a contract of lease purchase option. The possibilities are unlimited, depending on the will of the parties. TWELFTH.-is in favour of the lessee a right of option to purchase leased housing. The price of housing is fixed in the amount of one hundred eighty thousand euros. If the lessee exercises this right, the lessor will make delivery of the housing free of liens and encumbrances. The right of option shall expire two years from the date of this document. The resolution of the lease prior to that date will imply the revocation of the right of option.
The right of option will rise to public deed within a period of one month from the date of this document to its registration in the land registry. Expenses resulting this writing and its subsequent registration shall be chargeable to the lessee. In case of exercising the option shall be formalized the sale. Costs arising shall be distributed as provided for in the Civil Code.. Original author and source of the article.