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Purchase Lease Option
"I need a Purchase Lease Option agreement for a commercial warehouse property in Amsterdam, with a 3-year initial lease term starting March 1, 2025, and an option to purchase at a pre-agreed price of €2.5M that can be exercised after the first 18 months of the lease."
1. Parties: Identification of the parties entering into the agreement, including full legal names, addresses, and registration details if companies
2. Background: Context of the agreement, including property details and general purpose of the arrangement
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Description: Detailed description of the property including address, cadastral details, and any included fixtures and fittings
5. Lease Terms: Core lease provisions including duration, rent amount, payment terms, and periodic reviews
6. Option to Purchase: Terms of the purchase option including duration, exercise price, and mechanism for exercising the option
7. Security Deposit: Details of required security deposit, terms of holding and return
8. Use of Property: Permitted use of the property and any restrictions
9. Maintenance and Repairs: Responsibilities for property maintenance and repairs
10. Insurance: Required insurance coverage for both parties
11. Assignment and Subletting: Restrictions on assignment and subletting of the property or option rights
12. Default and Remedies: Consequences of default by either party and available remedies
13. Termination: Circumstances under which the agreement can be terminated
14. Notices: Method and addresses for formal communications between parties
15. Governing Law: Confirmation of Dutch law as governing law and jurisdiction
16. Execution: Signature blocks and execution requirements
1. Property Management: Include when specific property management arrangements are required, detailing responsibilities and costs
2. Utilities and Services: Include when there are specific arrangements for utilities or service charges
3. Environmental Matters: Include when the property has specific environmental considerations or requirements
4. Planning and Zoning: Include when there are specific planning permissions or zoning requirements relevant to the property
5. Improvements: Include when the tenant is permitted or required to make improvements to the property
6. Third Party Rights: Include when there are existing third party rights affecting the property
7. Break Clauses: Include when early termination options are to be included
8. VAT Elections: Include when specific VAT arrangements apply to the property
9. Energy Performance: Include when specific energy performance requirements or certificates are relevant
1. Property Details: Detailed property description including plans, boundaries, and included fixtures and fittings
2. Rent Schedule: Detailed breakdown of rent payments, including any stepped increases
3. Condition Report: Initial condition report of the property with photographs
4. Service Charges: Breakdown of service charges and calculation method
5. Permitted Alterations: List of alterations that can be made without landlord consent
6. Option Exercise Notice: Template form for exercising the purchase option
7. Building Rules: Any applicable building rules or regulations
8. Insurance Requirements: Detailed insurance requirements for both parties
9. Environmental Reports: Any relevant environmental surveys or reports
Authors
Real Estate
Retail
Commercial Property
Industrial
Hospitality
Agriculture
Manufacturing
Logistics
Healthcare
Education
Legal
Real Estate
Finance
Operations
Facilities Management
Risk and Compliance
Property Management
Asset Management
Business Development
Investment
Real Estate Manager
Property Manager
Legal Counsel
Commercial Director
Chief Financial Officer
Facilities Manager
Asset Manager
Investment Manager
Operations Director
Risk Manager
Compliance Officer
Business Development Manager
Property Developer
Real Estate Agent
Corporate Lawyer
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