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1. Parties: Identification of the landlord and tenant, including full legal names and addresses
2. Background: Context of the original lease agreement and reasons for buyout
3. Definitions: Key terms used throughout the agreement including 'Lease', 'Premises', 'Buyout Amount', 'Completion Date'
4. Buyout Terms: Details of the buyout amount, payment terms, and completion date
5. Release and Discharge: Mutual release of obligations under the original lease
6. Tax Matters: Treatment of GST/HST and other tax implications
7. Representations and Warranties: Statements of fact by both parties regarding their authority and the lease status
8. Confidentiality: Obligations to keep the buyout terms confidential
9. Governing Law: Specification of applicable Canadian jurisdiction
10. Execution: Signature blocks and execution requirements
1. Asset Transfer: Used when the buyout includes transfer of equipment or fixtures
2. Third-Party Consents: Required when guarantors or other third parties need to approve the buyout
3. Employee Matters: Included when the premises involve transferred employees or services
4. Environmental Matters: Required for properties with potential environmental concerns
5. Insurance: Included when specific insurance arrangements need to be addressed
6. Intellectual Property: Required when the lease involves licensed IP or branding elements
7. Security Deposit: Needed when addressing the return or application of existing security deposits
1. Schedule A - Original Lease: Copy or summary of the original lease agreement and any amendments
2. Schedule B - Buyout Calculation: Detailed calculation of the buyout amount including any adjustments
3. Schedule C - Payment Schedule: If the buyout is to be paid in installments, details of payment dates and amounts
4. Schedule D - Premises Condition Report: Current condition of the premises if relevant to the buyout terms
5. Schedule E - Asset Inventory: List of any assets or equipment included in the buyout
6. Schedule F - Outstanding Obligations: List of any surviving obligations or liabilities post-buyout
Real Estate
Retail
Commercial Office
Industrial
Manufacturing
Healthcare
Hospitality
Education
Technology
Professional Services
Warehouse and Distribution
Financial Services
Legal
Real Estate
Finance
Operations
Facilities Management
Risk and Compliance
Property Management
Asset Management
Treasury
Corporate Services
Real Estate Manager
Property Manager
Legal Counsel
Corporate Lawyer
Chief Financial Officer
Finance Director
Facilities Manager
Operations Director
Real Estate Director
Lease Administrator
Asset Manager
Portfolio Manager
Commercial Property Manager
Risk Manager
Compliance Officer
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