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Lease Agreement With Option To Purchase (Real Estate)
"I need a Lease Agreement With Option To Purchase (Real Estate) for a commercial warehouse in Vienna, with a 3-year lease term starting March 1, 2025, and an option to purchase that can be exercised after 18 months of tenancy, with the purchase price to be calculated based on market value plus 5%."
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 property description and parties' intention to enter into both lease and potential purchase arrangements
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 security deposit
6. Use of Property: Permitted uses, maintenance obligations, and restrictions on property modifications
7. Insurance and Utilities: Requirements for insurance coverage and responsibility for utility costs
8. Option to Purchase: Terms of the purchase option, including option period, exercise process, and purchase price calculation
9. Exercise of Option: Procedure for exercising the purchase option, including notice requirements and timelines
10. Purchase Completion: Process and requirements for completing the purchase if option is exercised
11. Termination: Conditions and procedures for terminating the lease and/or purchase option
12. Notices: Requirements for formal communications between parties
13. Governing Law: Specification of Austrian law as governing law and jurisdiction
1. Property Management: Include when property is part of a managed complex or building with specific management arrangements
2. Subletting Provisions: Include when subletting might be permitted under specific conditions
3. Renovation Rights: Include when tenant is permitted to make specific modifications to the property
4. Property Access: Include when there are special access arrangements or shared facilities
5. Option Extension: Include when the purchase option period may be extended under certain conditions
6. Financing Conditions: Include when purchase option exercise is subject to financing arrangements
7. Environmental Provisions: Include when property has specific environmental considerations or requirements
1. Property Plan: Detailed floor plans and property boundaries
2. Inventory List: List of fixtures, fittings, and furniture included in the lease/sale
3. Condition Report: Detailed report on property condition at lease commencement
4. Land Register Extract: Current extract from the land register (Grundbuchauszug)
5. Maintenance Schedule: Schedule of maintenance responsibilities and intervals
6. Purchase Price Calculation: Formula or method for determining final purchase price
7. Option Exercise Form: Standard form for exercising the purchase option
8. Energy Performance Certificate: Required energy efficiency documentation (Energieausweis)
Authors
Real Estate
Property Development
Residential Housing
Commercial Property
Retail
Hospitality
Industrial
Agriculture
Professional Services
Banking and Finance
Legal
Real Estate
Property Management
Operations
Finance
Compliance
Risk Management
Asset Management
Facilities Management
Contract Administration
Real Estate Manager
Property Manager
Legal Counsel
Contract Manager
Real Estate Agent
Facility Manager
Asset Manager
Property Developer
Compliance Officer
Risk Manager
Investment Manager
Operations Director
Chief Financial Officer
Real Estate Portfolio Manager
Acquisition Manager
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