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Lease To Own Land Agreement
"I need a Lease to Own Land Agreement for a 50-acre agricultural property in County Cork, Ireland, with a 3-year lease period starting March 2025 and an option to purchase at the end of the lease period, including specific provisions for farming use and environmental protection."
1. Parties: Identification of the Owner/Lessor and the Tenant/Prospective Purchaser with full legal names and addresses
2. Background: Context of the agreement, including property details and parties' intentions regarding the lease-to-purchase arrangement
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Description: Detailed description of the land, including boundaries, folio number, and any included/excluded elements
5. Lease Terms: Duration of lease, rent payments, maintenance responsibilities, and other standard lease conditions
6. Purchase Option Terms: Details of the option to purchase, including purchase price, option period, and how lease payments contribute to the purchase
7. Payment Structure: Breakdown of payments, including rent, option fees, and purchase price calculations
8. Title and Ownership: Confirmations regarding current ownership and conditions for transfer of title
9. Maintenance and Repairs: Responsibilities for property maintenance during the lease period
10. Insurance and Risk: Requirements for property insurance and allocation of risk
11. Default and Remedies: Consequences of default by either party and available remedies
12. Exercise of Purchase Option: Process and requirements for exercising the purchase option
13. Completion of Purchase: Procedures and requirements for completing the property purchase
14. Governing Law: Confirmation of Irish law as governing law and jurisdiction
15. Execution: Signature blocks and execution requirements
1. Planning Permissions: Required when the property requires specific planning permissions or has existing planning conditions
2. Agricultural Provisions: Required for agricultural land, including any relevant farming or land use restrictions
3. Environmental Provisions: Used when there are specific environmental considerations or requirements
4. Third Party Rights: Required when there are existing rights of way, easements, or other third-party interests
5. Development Rights: Include when there are specific development restrictions or opportunities
6. Early Purchase Option: Optional provisions for early exercise of the purchase option
7. Assignment and Subletting: Required when transfer of rights needs to be addressed
8. Break Clauses: Optional termination provisions before the end of the lease period
9. Mineral Rights: Required when mineral rights are relevant to the property
1. Schedule 1 - Property Details: Detailed property description, including maps, plans, and boundaries
2. Schedule 2 - Payment Schedule: Detailed breakdown of all payments, including rent, option payments, and purchase price calculations
3. Schedule 3 - Condition Report: Initial condition report of the property and any existing defects
4. Schedule 4 - Permitted Uses: Detailed list of permitted uses for the property during the lease period
5. Schedule 5 - Title Documents: Copies of relevant title documents and land registry entries
6. Appendix A - Property Plans: Maps, photographs, and plans of the property
7. Appendix B - Planning Documents: Copies of relevant planning permissions and certificates
8. Appendix C - Insurance Requirements: Detailed insurance requirements and specifications
Authors
Real Estate
Agriculture
Commercial Property
Residential Property
Land Development
Farming
Construction
Property Investment
Rural Development
Legal
Real Estate
Property Management
Finance
Compliance
Operations
Business Development
Investment
Land Administration
Risk Management
Property Manager
Real Estate Agent
Legal Counsel
Land Surveyor
Financial Director
Property Developer
Farm Manager
Estate Agent
Compliance Officer
Real Estate Investment Manager
Property Portfolio Manager
Land Development Manager
Agricultural Business Manager
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