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Rent To Own Agreement Form
1. Parties: Identification of the Owner/Seller and Tenant/Buyer with full legal names and addresses
2. Background: Context of the agreement including property details and parties' intentions
3. Definitions: Key terms used throughout the agreement including Property, Purchase Option, Rent Credit, etc.
4. Property Description: Detailed description of the property including address, land register details, and included fixtures
5. Rental Terms: Monthly rent amount, payment terms, security deposit, and rent credit towards purchase
6. Purchase Option Terms: Final purchase price, option period, conditions for exercising the option, and credit application
7. Maintenance and Repairs: Responsibilities for property maintenance, repairs, and improvements during the rental period
8. Insurance and Property Taxes: Requirements for insurance coverage and responsibility for property taxes
9. Default and Termination: Conditions constituting default, consequences, and termination procedures
10. Exercise of Purchase Option: Process and requirements for exercising the purchase option
11. Assignment and Subletting: Restrictions on assignment of rights and subletting the property
12. Notices: Requirements for formal communications between parties
13. Governing Law: Specification of Danish law application and jurisdiction
14. Signatures: Execution blocks for all parties and witnesses
1. Property Use Restrictions: Specific restrictions on property use, relevant for commercial properties or properties in special zones
2. Environmental Provisions: Environmental obligations and warranties, important for properties with potential environmental concerns
3. Property Management: Terms for property management services if included in the agreement
4. Renovation Allowance: Terms for any permitted or required renovations during the rental period
5. Early Purchase Option: Terms for exercising the purchase option before the standard option period
6. Special Financing Arrangements: Any special financing terms or assistance provided by the seller
7. Property Association Rules: Relevant for properties subject to homeowners association or similar community rules
1. Schedule A - Property Details: Detailed property description, including floor plans and land register information
2. Schedule B - Rent Payment Schedule: Detailed breakdown of rental payments and rent credits
3. Schedule C - Purchase Price Calculation: Formula for final purchase price including rent credits and adjustments
4. Schedule D - Property Condition Report: Initial condition report with photographs and noted defects
5. Schedule E - Maintenance Schedule: Detailed maintenance responsibilities and scheduling
6. Schedule F - Permitted Modifications: List of modifications tenant is permitted to make to the property
7. Appendix 1 - Property Insurance Requirements: Detailed insurance requirements and coverage specifications
8. Appendix 2 - Energy Performance Certificate: Current energy performance certificate for the property
Authors
Property
Effective Date
Commencement Date
Option Period
Purchase Option
Purchase Price
Rent
Rent Credit
Security Deposit
Monthly Payment
Option Exercise Notice
Closing Date
Property Title
Permitted Use
Term
Common Areas
Fixtures and Fittings
Maintenance
Major Repairs
Minor Repairs
Insurance Requirements
Force Majeure
Default
Business Day
Lease Period
Option Exercise Price
Utilities
Property Taxes
Improvements
Alterations
Occupants
Transfer Documents
Due Diligence Period
Environmental Laws
Property Registration
Land Register
Mortgage
Encumbrances
Notice Period
Term and Renewal
Rent Payment
Purchase Option
Option Exercise
Property Use
Maintenance and Repairs
Insurance
Property Taxes
Utilities
Security Deposit
Default and Remedies
Assignment and Subletting
Access Rights
Alterations
Environmental Compliance
Property Condition
Title and Ownership
Risk Transfer
Force Majeure
Dispute Resolution
Notices
Termination
Representations and Warranties
Indemnification
Governing Law
Entire Agreement
Severability
Amendment
Registration Rights
Financing Provisions
Property Inspection
Closing Conditions
Transfer Process
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