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Commercial Real Estate Purchase Agreement
"I need a Commercial Real Estate Purchase Agreement for a multi-tenant office building in Amsterdam, with specific provisions for BREEAM certification compliance and solar panel installation requirements, targeting completion by March 2025."
1. Parties: Identification and details of the seller and purchaser, including registration numbers for legal entities
2. Background: Context of the transaction and brief description of the property
3. Definitions: Definitions of key terms used throughout the agreement
4. Object of Purchase: Detailed description of the property, including address, land registry details, and included fixtures and fittings
5. Purchase Price: Agreed purchase price, payment terms, and deposit arrangements
6. Transfer of Ownership: Conditions and process for legal transfer, including notary details and timing
7. State of the Property: Current condition, agreed acceptance state, and any known defects
8. Use and Enjoyment: Current use, tenancies, and any restrictions on use
9. Environmental Provisions: Soil quality, contamination, and environmental permits
10. Guarantees and Warranties: Seller's warranties and purchaser's acknowledgments
11. Due Diligence: Purchaser's investigations and access rights before completion
12. Conditions Precedent: Conditions that must be satisfied before completion
13. Completion: Process and requirements for completion of the purchase
14. Risk and Insurance: Transfer of risk and insurance obligations
15. Default and Termination: Consequences of breach and termination rights
16. Notices: How formal communications between parties should be made
17. Governing Law and Jurisdiction: Confirmation of Dutch law application and jurisdiction
18. General Provisions: Miscellaneous legal provisions including entire agreement, amendments, and severability
1. Financing Condition: Include when purchaser requires financing to complete the purchase
2. VAT Treatment: Include when the transaction is subject to VAT rather than transfer tax
3. Asbestos Provisions: Include for older properties where asbestos may be present
4. Monument Status: Include if the property is a listed building or monument
5. Existing Tenancies: Include detailed provisions when property is sold subject to existing leases
6. Construction Warranties: Include for newer properties with remaining construction warranties
7. Parking Rights: Include when separate parking rights or permits are involved
8. Energy Performance: Include specific provisions about energy labels and improvements if relevant
9. Planning Permission: Include when completion is conditional on obtaining specific planning permissions
1. Property Description: Detailed property description including maps and plans
2. Land Registry Excerpts: Official property registration documents
3. Title Documents: Copies of relevant title documents and easements
4. Environmental Reports: Soil investigation and environmental survey results
5. Technical Specifications: Building specifications and technical surveys
6. Existing Leases: Copies of current lease agreements if applicable
7. Inventory: List of included fixtures, fittings and equipment
8. Planning Documents: Zoning information and relevant permits
9. Energy Performance Certificate: Current energy performance certificate
10. Building Inspection Report: Results of building inspection and condition survey
11. Insurance Details: Current insurance policies and claims history
12. Service Contracts: Details of transferring service contracts
Authors
Real Estate
Commercial Property Development
Retail
Hospitality
Industrial
Logistics
Office Space
Healthcare
Education
Banking and Finance
Manufacturing
Warehousing
Technology
Professional Services
Legal
Real Estate
Finance
Compliance
Risk Management
Operations
Facilities Management
Business Development
Investment
Asset Management
Property Management
Corporate Development
Real Estate Director
Property Manager
Commercial Director
Chief Financial Officer
Legal Counsel
Corporate Lawyer
Facilities Manager
Asset Manager
Investment Manager
Development Director
Risk Manager
Compliance Officer
Real Estate Agent
Property Consultant
Business Development Manager
Operations Director
Project Manager
Portfolio Manager
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