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Lease Sale Agreement
"I need a Lease Sale Agreement for a commercial warehouse in Jakarta Industrial Park, with a 2-year lease period starting March 2025 and purchase option exercisable after 18 months, including specific provisions for heavy machinery installation and 24/7 operations."
1. Parties: Identification and details of the lessor/seller and lessee/buyer, including their legal status and authority to enter into the agreement
2. Background: Context of the transaction, including brief description of the property and the parties' intention to enter into a lease sale arrangement
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Description: Detailed description of the property including location, boundaries, certificates, and relevant permits
5. Lease Terms: Duration of lease, rental payments, payment schedule, and conditions for lease period
6. Purchase Option: Terms and conditions for exercising the purchase option, including purchase price and mechanism for conversion from lease to sale
7. Payment Terms: Details of all payments including lease payments, purchase price, deposits, and payment methods
8. Rights and Obligations: Detailed responsibilities of both parties during the lease period and upon exercise of purchase option
9. Property Maintenance and Repairs: Responsibilities for maintenance, repairs, and improvements during the lease period
10. Insurance and Risk: Requirements for property insurance and allocation of risks
11. Default and Remedies: Events of default and corresponding remedies available to either party
12. Governing Law and Dispute Resolution: Applicable law and methods for resolving disputes
13. Notices: Process and requirements for formal communications between parties
14. Execution: Signature blocks and execution requirements
1. Foreign Investment Provisions: Required when either party is a foreign entity, addressing compliance with Indonesian foreign investment laws
2. Property Management: Included when the property is part of a managed complex or requires specific management arrangements
3. Utilities and Services: Detailed when the property includes specific utility arrangements or service provisions
4. Sublease Rights: Included when sublease rights are to be granted to the lessee
5. Environmental Compliance: Required for properties with specific environmental considerations or requirements
6. Force Majeure: Detailed provisions for unforeseen circumstances, particularly relevant in areas prone to natural disasters
7. Tax Provisions: Detailed tax arrangements when complex tax implications exist
8. Building Modifications: Required when the lessee is permitted to make modifications to the property
1. Property Details Schedule: Detailed technical description of the property, including floor plans, boundaries, and certificates
2. Payment Schedule: Detailed breakdown of all payments including lease payments, purchase price installments, and payment dates
3. Condition Report: Detailed report on the condition of the property at the commencement of the lease
4. Permitted Use: Specific details of how the property may be used during the lease period
5. Required Insurance: Detailed insurance requirements including types of coverage and minimum amounts
6. Building Rules and Regulations: Applicable building rules and regulations if the property is part of a larger complex
7. Form of Transfer Deed: Template for the final transfer deed to be used when purchase option is exercised
8. Required Permits and Licenses: List of all required governmental permits and licenses
Authors
Real Estate
Commercial Property
Residential Property
Retail
Industrial
Hospitality
Manufacturing
Warehousing
Office Space
Agriculture
Mining
Education
Legal
Real Estate
Finance
Operations
Facilities Management
Risk Management
Compliance
Property Management
Asset Management
Business Development
Investment
Real Estate Manager
Property Manager
Legal Counsel
Contract Administrator
Facilities Manager
Chief Financial Officer
Asset Manager
Business Development Manager
Operations Director
Risk Manager
Compliance Officer
Investment Manager
Real Estate Agent
Property Developer
Leasing Manager
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