This form is a sample of a commercial lease of real property which contains an option to purchase the property at the end of the term. This lease is a triple net lease which means that the lessee pays, in addition to rent, all expenses associated with the property such as property taxes, insurance and maintenance and operation charges. Triple net leases are commonly used in commercial properties, such as shopping malls and apartment buildings.
Houston Texas Agreement to Lease Commercial Property with Option to Purchase at End of Lease Term — Rent to Ow— - Real Estate Rental If you are interested in leasing commercial property in Houston, Texas with the option to purchase at the end of the lease term, you have come to the right place. This agreement provides a unique opportunity for individuals and businesses to rent a property with the potential to eventually own it. The Houston Texas Agreement to Lease Commercial Property with Option to Purchase at the End of Lease Term, commonly known as a "rent to own" arrangement, combines the benefits of leasing with the possibility of future ownership. Key Features: 1. Commercial Property: The agreement pertains to commercial properties, encompassing various types such as office spaces, retail stores, warehouses, or industrial facilities. Houston offers a diverse range of commercial real estate options, ensuring there is something to suit every business's specific needs. 2. Lease Term: The agreement sets out the duration of the lease, typically ranging from one to five years. This period provides ample time for the lessee to establish their business and assess whether they want to exercise the purchase option at the end of the lease term. 3. Rent Payments: The lessee pays a monthly rental amount to the lessor, ensuring access to the property during the lease term. The rental amount is often determined through negotiation based on factors such as market conditions, property location, size, and amenities. 4. Option to Purchase: One of the key advantages of this agreement is the inclusion of an option to purchase the property at the end of the lease term. This option grants the lessee the right, but not the obligation, to buy the property. It provides a unique opportunity for lessees to test their business in the location before committing to ownership. 5. Purchase Price: The agreement outlines the purchase price of the property, which is predetermined and agreed upon at the beginning of the lease term. This predetermined price protects the lessee from potential property value fluctuations during the lease term, providing stability and transparency. 6. Rent Credits: Another benefit of this agreement is the possibility of rent credits. Rent credits are a portion of the monthly rent that may be applied toward the purchase price if the lessee exercises the purchase option. These credits can serve as an incentive for the lessee to proceed with the purchase, effectively reducing the overall cost. Types of Houston Texas Agreement to Lease Commercial Property with Option to Purchase at End of Lease Term: 1. Office Space Agreement: This type of agreement caters specifically to businesses seeking office spaces, allowing them to lease and potentially own a convenient and suitable location for their operations. 2. Retail Store Agreement: For businesses in the retail sector, this type of agreement offers the opportunity to lease and eventually own a retail space in Houston, allowing them to establish a permanent storefront. 3. Warehouse Agreement: This agreement is tailored to businesses requiring storage or distribution facilities. It enables them to lease and potentially own a warehouse space in Houston, facilitating their operational needs. 4. Industrial Facility Agreement: This type of agreement serves businesses in need of specialized industrial spaces. It allows them to lease and potentially own an industrial facility in Houston, customized to their specific requirements. In conclusion, the Houston Texas Agreement to Lease Commercial Property with Option to Purchase at the End of Lease Term provides a unique opportunity for renters to become property owners. With the availability of various types of commercial properties, businesses can find the perfect location to establish and grow their operations. The inclusion of an option to purchase, along with predetermined purchase prices and potential rent credits, makes this agreement an attractive choice for those seeking a rent-to-own real estate rental experience in Houston, Texas.
Houston Texas Agreement to Lease Commercial Property with Option to Purchase at End of Lease Term — Rent to Ow— - Real Estate Rental If you are interested in leasing commercial property in Houston, Texas with the option to purchase at the end of the lease term, you have come to the right place. This agreement provides a unique opportunity for individuals and businesses to rent a property with the potential to eventually own it. The Houston Texas Agreement to Lease Commercial Property with Option to Purchase at the End of Lease Term, commonly known as a "rent to own" arrangement, combines the benefits of leasing with the possibility of future ownership. Key Features: 1. Commercial Property: The agreement pertains to commercial properties, encompassing various types such as office spaces, retail stores, warehouses, or industrial facilities. Houston offers a diverse range of commercial real estate options, ensuring there is something to suit every business's specific needs. 2. Lease Term: The agreement sets out the duration of the lease, typically ranging from one to five years. This period provides ample time for the lessee to establish their business and assess whether they want to exercise the purchase option at the end of the lease term. 3. Rent Payments: The lessee pays a monthly rental amount to the lessor, ensuring access to the property during the lease term. The rental amount is often determined through negotiation based on factors such as market conditions, property location, size, and amenities. 4. Option to Purchase: One of the key advantages of this agreement is the inclusion of an option to purchase the property at the end of the lease term. This option grants the lessee the right, but not the obligation, to buy the property. It provides a unique opportunity for lessees to test their business in the location before committing to ownership. 5. Purchase Price: The agreement outlines the purchase price of the property, which is predetermined and agreed upon at the beginning of the lease term. This predetermined price protects the lessee from potential property value fluctuations during the lease term, providing stability and transparency. 6. Rent Credits: Another benefit of this agreement is the possibility of rent credits. Rent credits are a portion of the monthly rent that may be applied toward the purchase price if the lessee exercises the purchase option. These credits can serve as an incentive for the lessee to proceed with the purchase, effectively reducing the overall cost. Types of Houston Texas Agreement to Lease Commercial Property with Option to Purchase at End of Lease Term: 1. Office Space Agreement: This type of agreement caters specifically to businesses seeking office spaces, allowing them to lease and potentially own a convenient and suitable location for their operations. 2. Retail Store Agreement: For businesses in the retail sector, this type of agreement offers the opportunity to lease and eventually own a retail space in Houston, allowing them to establish a permanent storefront. 3. Warehouse Agreement: This agreement is tailored to businesses requiring storage or distribution facilities. It enables them to lease and potentially own a warehouse space in Houston, facilitating their operational needs. 4. Industrial Facility Agreement: This type of agreement serves businesses in need of specialized industrial spaces. It allows them to lease and potentially own an industrial facility in Houston, customized to their specific requirements. In conclusion, the Houston Texas Agreement to Lease Commercial Property with Option to Purchase at the End of Lease Term provides a unique opportunity for renters to become property owners. With the availability of various types of commercial properties, businesses can find the perfect location to establish and grow their operations. The inclusion of an option to purchase, along with predetermined purchase prices and potential rent credits, makes this agreement an attractive choice for those seeking a rent-to-own real estate rental experience in Houston, Texas.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés.
For your convenience, the complete English version of this form is attached below the Spanish version.