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Commercial Lease To Purchase Agreement Template for Ireland

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Key Requirements PROMPT example:

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."

Document background
The Commercial Lease To Purchase Agreement is a specialized legal instrument used in Ireland when a business wants to lease a commercial property with the option to purchase it in the future. This arrangement provides flexibility for businesses who want to secure a property but aren't ready for immediate purchase, while giving property owners a committed tenant with a clear path to sale. The document must comply with Irish property law, including the Landlord and Tenant Act, Land and Conveyancing Law Reform Act, and relevant commercial property regulations. It typically includes detailed provisions for both the lease period (rent, maintenance, use restrictions) and the purchase option (price calculation, exercise period, completion process), making it suitable for various commercial property transactions where a try-before-you-buy approach is desired.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions





















































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Relevant Industries

Retail

Manufacturing

Hospitality

Office Space

Industrial

Logistics

Healthcare

Technology

Education

Professional Services

Warehousing

Food and Beverage

Entertainment

Automotive

Relevant Teams

Legal

Finance

Operations

Real Estate

Facilities Management

Risk and Compliance

Business Development

Property Management

Asset Management

Corporate Affairs

Relevant Roles

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

Industries










Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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