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Business Lease Purchase Agreement
"I need a Business Lease Purchase Agreement for a warehouse property in Manchester, with a 5-year lease term starting March 2025 and an option to purchase at year 3, including specific provisions for heavy machinery installation and 24/7 access rights."
1. Parties: Identification and details of the landlord and tenant
2. Background: Context of the agreement and property details
3. Definitions: Key terms used throughout the agreement
4. Demise: Description of the property being leased
5. Term and Rent: Duration of lease and payment terms
6. Purchase Option: Terms and conditions for exercising the purchase option
7. Tenant Covenants: Obligations of the tenant during the lease term
8. Landlord Covenants: Obligations of the landlord during the lease term
1. Break Clause: Early termination provisions, include if early termination is permitted
2. Service Charge: Include if property is part of larger building/estate with shared services
3. Insurance Provisions: Detailed insurance requirements if not covered in main covenants
1. Property Description: Detailed description and plans of the property
2. State of Repair: Schedule of condition at lease commencement
3. Rights Granted: Specific rights granted with the property
4. Rights Reserved: Rights retained by the landlord
5. Purchase Price Calculation: Formula or method for calculating final purchase price
Authors
Base Rent
Break Date
Building
Business Day
Commencement Date
Common Areas
Completion
Completion Date
Contractual Term
Default Interest Rate
Deposit
Exercise Notice
Exercise Period
Expiry Date
Insurance Rent
Interest Rate
Landlord's Fixtures
Lease Period
Legal Charges
Permitted Use
Planning Acts
Premises
Property
Purchase Option
Purchase Price
Quarter Days
Rent
Rent Payment Dates
Service Charge
Service Media
Services
Term
Title Matters
VAT
Working Hours
Grant of Lease
Term and Possession
Rent and Payment Terms
Service Charge
Insurance
Repair and Maintenance
Alterations
Use Restrictions
Assignment and Subletting
Purchase Option
Purchase Price Calculation
Exercise of Option
Completion Requirements
Tenant Covenants
Landlord Covenants
Break Rights
Default and Termination
Quiet Enjoyment
VAT and Taxation
Utilities and Services
Access Rights
Planning and Compliance
Environmental Matters
Security and Deposit
Notices
Costs
Force Majeure
Severability
Entire Agreement
Governing Law
Dispute Resolution
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