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Lease Agreement For Sale
"I need a Lease Agreement For Sale for a commercial warehouse property in Dublin, with a 2-year lease period starting March 1, 2025, monthly rent of €5,000, and a purchase option of €750,000 to be exercised by the end of the lease term."
1. Parties: Identification of the lessor/seller and lessee/buyer, including full legal names and addresses
2. Background: Context of the agreement, including property details and intent to lease with option to purchase
3. Definitions: Defined terms used throughout the agreement, including property description, commencement date, purchase price, and completion date
4. Lease Terms: Duration of lease, rent amount, payment terms, and maintenance obligations
5. Property Use and Obligations: Permitted use of property, maintenance responsibilities, and insurance requirements
6. Sale Agreement: Terms of the purchase option, including purchase price, deposit requirements, and completion timeline
7. Purchase Process: Steps for exercising the purchase option and completion procedures
8. Title and Registration: Provisions regarding title transfer, registration requirements, and warranties
9. Costs and Taxes: Allocation of legal costs, stamp duty, and other transaction-related expenses
10. Default and Remedies: Consequences of default under either lease or purchase terms and available remedies
11. Notices: Process for serving formal notices between parties
12. Governing Law: Confirmation of Irish law as governing law and jurisdiction
13. Execution: Signature blocks and execution requirements
1. Break Clause: Optional early termination provisions, included when parties want flexibility to end the lease before the purchase option
2. Rent Review: Include if the lease period is long enough to warrant rent adjustments before purchase
3. Environmental Provisions: Required for properties with potential environmental concerns or specific compliance requirements
4. Planning Permissions: Include when property requires specific planning permissions or has development potential
5. VAT Elections: Required when the transaction may be subject to VAT
6. Service Charge Provisions: Include for properties in multi-unit developments or with shared services
7. Guarantor Provisions: Include when additional security is required from a guarantor
8. Fit-out Works: Include when tenant will undertake improvements before purchase
1. Property Description: Detailed description of the property including maps, plans, and boundaries
2. Rent Schedule: Breakdown of rent payments, including due dates and payment methods
3. Condition Report: Detailed inventory and condition of the property at lease commencement
4. Service Charges: Breakdown of service charges and maintenance costs if applicable
5. Permitted Alterations: List of allowed modifications or improvements to the property
6. Title Documents: Copies of relevant title documents and any encumbrances
7. Planning Documentation: Copies of relevant planning permissions and certificates
8. Purchase Price Calculation: Detailed breakdown of the purchase price and any adjustments
Authors
Commercial Real Estate
Residential Real Estate
Retail
Industrial
Office Space
Hospitality
Manufacturing
Warehousing
Professional Services
Healthcare
Legal
Real Estate
Finance
Operations
Compliance
Risk Management
Property Management
Business Development
Facilities Management
Corporate Services
Real Estate Manager
Property Lawyer
Commercial Director
Facilities Manager
Chief Financial Officer
Property Development Manager
Legal Counsel
Asset Manager
Operations Director
Risk Manager
Property Portfolio Manager
Acquisition Manager
Compliance Officer
Business Development Manager
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