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Lease And Sale Agreement
"I need a Lease and Sale Agreement for a commercial property in Singapore's Central Business District, with a 2-year lease period starting March 2025 and an option to purchase at the end of the lease period, including provisions for early purchase if certain financial conditions are met."
1. Parties: Identification and details of the lessor and lessee/purchaser
2. Background: Context of the transaction and property details
3. Definitions: Key terms used throughout the agreement
4. Property Description: Detailed description of the property being leased/sold
5. Consideration: Purchase price/rental and payment terms
6. Completion: Terms and conditions for completion of sale
7. Warranties and Representations: Statements of fact and promises by both parties
8. Governing Law: Specification of Singapore law as governing law
1. Condition of Property: Details of property condition, used when selling as-is or when specific condition issues need to be documented
2. Tenant Obligations: Specific obligations of tenant during lease period, included when the agreement includes lease provisions
3. Renovation Terms: Terms for property modifications, included when renovations are permitted
4. Option to Purchase: Terms for future purchase option, used in lease with purchase option arrangements
1. Property Floor Plan: Detailed floor plan of the property
2. Inventory List: List of fixtures and fittings included in sale/lease
3. Title Documents: Copies of relevant title documents
4. Payment Schedule: Detailed breakdown of payment terms and timeline
5. Property Certificates: Relevant certificates including fire safety, TOP
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