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Commercial Lease To Purchase Agreement
"I need a Commercial Lease to Purchase Agreement for a retail space in Dublin city center, with a 3-year initial lease term starting March 1, 2025, and an option to purchase the property at a pre-agreed price of €2.5 million after the first 18 months of the lease."
1. Parties: Identification of the Landlord/Seller and Tenant/Buyer, including full legal names, addresses, and company registration details if applicable
2. Background: Context of the agreement, including property overview and parties' intentions regarding lease and future purchase
3. Definitions: Detailed definitions of terms used throughout the agreement, including specific Irish legal terminology
4. Lease Terms: Duration of lease, rent amount, payment terms, and review periods
5. Property Use: Permitted use of the property, restrictions, and compliance with local regulations
6. Purchase Option Terms: Details of the purchase option, including price, exercise period, and conditions for exercising the option
7. Maintenance and Repairs: Responsibilities for property maintenance, repairs, and improvements during the lease period
8. Insurance and Liability: Insurance requirements, liability allocation, and indemnification provisions
9. Utilities and Services: Responsibility for utilities, services, and associated costs
10. Assignment and Subletting: Rights and restrictions regarding assignment of the agreement or subletting the property
11. Default and Remedies: Events of default, cure periods, and available remedies for both parties
12. Purchase Process: Detailed procedure for exercising the purchase option and completing the sale
13. Costs and Taxes: Allocation of costs, stamp duty, VAT, and other taxes
14. Notices: Requirements for formal communications between parties
15. Governing Law: Confirmation of Irish law governance and jurisdiction
16. Execution: Signature blocks and execution requirements
1. Environmental Matters: Required for properties with potential environmental concerns or specific environmental compliance requirements
2. Planning Permissions: Necessary when the property requires specific planning permissions or has development potential
3. Break Clauses: Optional provisions allowing early termination under specified circumstances
4. Rent-to-Purchase Credits: Structure for applying portion of rent payments toward purchase price, if agreed
5. Fit-Out Works: Required when tenant improvements or modifications are planned
6. Service Charge Provisions: Necessary for multi-tenant properties or properties with shared facilities
7. Guarantees: Required when additional security is needed from parent companies or personal guarantors
8. Change Control: Procedures for handling changes in corporate control of either party
1. Schedule 1 - Property Description: Detailed description of the property, including maps, plans, and boundaries
2. Schedule 2 - Rent and Payment Terms: Detailed breakdown of rent calculations, payment schedules, and review mechanisms
3. Schedule 3 - Purchase Price Calculation: Formula and terms for determining final purchase price, including any adjustments
4. Schedule 4 - Condition Report: Initial condition survey and inventory of the property
5. Schedule 5 - Permitted Alterations: List of allowed modifications and improvements
6. Schedule 6 - Service Charges: Breakdown of service charges and calculation methodology
7. Appendix A - Forms and Notices: Standard forms for option exercise, notices, and other formal communications
8. Appendix B - Landlord's Property Support Documents: Property title information, planning permissions, and other relevant documentation
Authors
Retail
Manufacturing
Hospitality
Office Space
Industrial
Logistics
Healthcare
Technology
Education
Professional Services
Warehousing
Food and Beverage
Entertainment
Automotive
Legal
Finance
Operations
Real Estate
Facilities Management
Risk and Compliance
Business Development
Property Management
Asset Management
Corporate Affairs
Chief Executive Officer
Chief Financial Officer
Commercial Property Manager
Real Estate Director
Facilities Manager
Legal Counsel
Property Lawyer
Business Development Manager
Operations Director
Finance Manager
Risk Manager
Compliance Officer
Property Investment Manager
Asset Manager
Commercial Director
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