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Lease To Purchase Contract
"I need a Lease to Purchase Contract under Austrian law for a commercial warehouse property in Vienna, with a 2-year initial lease period starting March 1, 2025, including terms for permitted renovations and an option to purchase at a pre-agreed price of 鈧2.5M."
1. Parties: Identification of the lessor/potential seller and lessee/potential buyer with full legal names and addresses
2. Background: Context of the agreement, including property description and parties' intentions regarding lease-to-purchase arrangement
3. Definitions: Key terms used throughout the agreement, including Property, Lease Period, Purchase Option Period, Purchase Price, etc.
4. Lease Terms: Core lease provisions including duration, rent amount, payment terms, and maintenance responsibilities
5. Property Use and Maintenance: Rights and obligations regarding property use, repairs, alterations, and maintenance during the lease period
6. Purchase Option Terms: Detailed terms of the purchase option, including option price, exercise period, and mechanism for exercising the option
7. Purchase Price and Payment: Total purchase price, credit for rental payments (if any), and payment terms upon exercise of purchase option
8. Property Transfer Provisions: Process and requirements for transferring property ownership upon exercise of purchase option
9. Insurance and Risk: Insurance requirements during lease period and transition of risk provisions
10. Default and Termination: Events of default, remedies, and termination procedures for both lease and purchase components
11. Representations and Warranties: Statements of fact and promises by both parties regarding the property and their capacity to enter the agreement
12. General Provisions: Standard contract clauses including governing law, notices, amendments, and dispute resolution
1. Property Management: Required when the property is part of a larger complex or requires specific management arrangements
2. Environmental Provisions: Needed for properties with potential environmental concerns or specific environmental requirements
3. Financing Provisions: Include when either party requires specific financing arrangements or conditions
4. Third-Party Rights: Required when there are existing tenants or other third-party rights affecting the property
5. Construction or Renovation: Include when property is under construction or significant renovations are planned
6. Commercial Use Provisions: Required for properties intended for business use, including specific commercial terms and conditions
7. Tax Provisions: Detailed section needed when complex tax implications exist or specific tax arrangements are agreed
1. Property Description: Detailed description of the property including land register details, boundaries, and included fixtures
2. Payment Schedule: Detailed breakdown of lease payments and purchase price calculations
3. Condition Report: Documentation of property condition at lease commencement
4. Maintenance Schedule: Detailed allocation of maintenance and repair responsibilities
5. Property Rules: Any applicable house rules or property use guidelines
6. Required Insurance: Specific insurance requirements and coverage details
7. Form of Purchase Option Notice: Template for exercising the purchase option
8. Land Register Extract: Current extract from the land register showing ownership and encumbrances
Authors
Real Estate
Property Development
Commercial Property
Residential Property
Retail
Industrial
Agriculture
Hospitality
Office Space
Manufacturing
Warehouse and Distribution
Legal
Real Estate
Property Management
Finance
Operations
Risk and Compliance
Business Development
Asset Management
Facilities Management
Contract Administration
Real Estate Manager
Property Developer
Legal Counsel
Contract Manager
Property Manager
Asset Manager
Facilities Manager
Real Estate Agent
Commercial Director
Finance Director
Business Development Manager
Investment Manager
Operations Manager
Risk Manager
Compliance Officer
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