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Lease Agreement With Option To Purchase (Real Estate) Template for Austria

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Key Requirements PROMPT example:

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%."

Document background
The Lease Agreement With Option To Purchase (Real Estate) is a specialized legal instrument used in Austrian real estate transactions where parties wish to combine a rental arrangement with a future purchase possibility. This document type is particularly valuable when potential buyers want to occupy and evaluate a property before committing to purchase, or when they need time to arrange financing. It provides protection for both landlord/seller and tenant/buyer interests under Austrian law, incorporating requirements from the ABGB, MRG, and real estate transfer regulations. The agreement typically spans both the initial lease period and the option term, detailing rent payments, maintenance responsibilities, purchase price determination, and option exercise procedures. It's commonly used in both residential and commercial contexts, requiring careful consideration of property registration requirements, tax implications, and consumer protection regulations where applicable.
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 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

Optional Sections

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

Suggested Schedules

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

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







































Clauses


































Relevant Industries

Real Estate

Property Development

Residential Housing

Commercial Property

Retail

Hospitality

Industrial

Agriculture

Professional Services

Banking and Finance

Relevant Teams

Legal

Real Estate

Property Management

Operations

Finance

Compliance

Risk Management

Asset Management

Facilities Management

Contract Administration

Relevant Roles

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

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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