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Lease Agreement With Option To Purchase Template for Austria

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Key Requirements PROMPT example:

Lease Agreement With Option To Purchase

"I need a Lease Agreement with Option to Purchase for a commercial warehouse in Vienna, with a monthly rent of 鈧5,000, starting March 1, 2025, and a 3-year option to purchase at 鈧1.2 million, with 50% of paid rent to be credited toward the purchase price."

Document background
The Lease Agreement With Option To Purchase is a sophisticated legal instrument used in Austrian real estate transactions where parties wish to combine a traditional lease arrangement with a future purchase opportunity. This document is particularly useful when a potential buyer wants to occupy and evaluate a property before committing to purchase, or when they need time to arrange financing. The agreement must comply with Austrian property law, including the ABGB and Mietrechtsgesetz, while addressing both the immediate leasehold relationship and the conditional future sale. It typically includes detailed provisions about property maintenance, rent payments, option exercise periods, purchase price calculations, and any rent credits that may apply toward the purchase price. This type of agreement is commonly used in both residential and commercial contexts, providing flexibility for both parties while establishing clear legal frameworks for both the lease period and potential property transfer.
Suggested Sections

1. Parties: Identification of the landlord/potential seller and tenant/potential buyer with full legal names and addresses

2. Background: Context of the agreement, including brief property description and parties' intentions regarding lease and potential purchase

3. Definitions: Key terms used throughout the agreement, including Property, Lease Period, Option Period, Purchase Price, etc.

4. Property Description: Detailed description of the leased property, including address, land register details, and included fixtures/fittings

5. Lease Terms: Core lease provisions including duration, rent amount, payment terms, and utility responsibilities

6. Security Deposit: Amount, payment terms, and conditions for return of the security deposit

7. Maintenance and Repairs: Responsibilities of each party regarding property maintenance and repairs

8. Insurance Requirements: Required insurance coverage for both parties during the lease period

9. Option to Purchase: Terms of the purchase option, including option period, exercise process, and purchase price determination

10. Exercise of Option: Procedure for exercising the purchase option, including notice requirements and timeline

11. Purchase Price and Payment: Specified purchase price or calculation method, including treatment of rent payments

12. Termination: Conditions and procedures for terminating the lease, including impact on purchase option

13. Governing Law: Specification of Austrian law as governing law and jurisdiction details

Optional Sections

1. Property Management: Include when a property management company is involved in maintaining the property

2. Rent Credit: Include when a portion of rent payments will be credited toward the purchase price

3. Third-Party Rights: Include when there are existing mortgages or other encumbrances on the property

4. Environmental Provisions: Include for properties with potential environmental concerns or specific requirements

5. Property Improvements: Include when tenant is permitted to make improvements and how these affect purchase price

6. Assignment and Subletting: Include when these rights are specifically granted or prohibited

7. Option Extension: Include when the option period can be extended under specific conditions

Suggested Schedules

1. Schedule 1 - Property Details: Detailed property description, including floor plans and land register extract

2. Schedule 2 - Inventory: List of fixtures, fittings, and furniture included in the lease and potential purchase

3. Schedule 3 - Rent Payment Schedule: Detailed breakdown of rent payments, including any scheduled increases

4. Schedule 4 - Purchase Price Calculation: Formula or method for calculating final purchase price, including any rent credits

5. Schedule 5 - Property Condition Report: Initial condition assessment of the property at lease commencement

6. Schedule 6 - Maintenance Responsibilities: Detailed breakdown of maintenance and repair responsibilities

7. Appendix A - Required Insurance: Specific insurance requirements for both parties

8. Appendix B - Option Exercise Form: Template form for exercising the purchase option

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 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

Real Estate

Commercial Property

Residential Property

Retail

Industrial

Office Space

Hospitality

Manufacturing

Warehousing

Professional Services

Relevant Teams

Legal

Real Estate

Facilities Management

Finance

Operations

Risk Management

Property Management

Asset Management

Contract Administration

Business Development

Relevant Roles

Real Estate Manager

Property Manager

Legal Counsel

Real Estate Attorney

Facilities Manager

Asset Manager

Property Developer

Leasing Manager

Real Estate Broker

Contract Administrator

Risk Manager

Corporate Real Estate Director

Chief Financial Officer

Operations Manager

Business Development Manager

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, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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