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Lease And Purchase Agreement
"I need a Lease and Purchase Agreement for a commercial warehouse property in Manchester, where my company will lease for 2 years starting March 2025, with an obligation to purchase at £2.5M at the end of the lease term, including provisions for early purchase if certain business targets are met."
1. Parties: Identification and details of all parties to the agreement
2. Background: Context and purpose of the agreement
3. Definitions: Key terms used throughout the agreement
4. Property Description: Detailed description of the property including address and registered title
5. Lease Terms: Duration, rent, payment terms and renewal options
6. Purchase Terms: Purchase price, payment structure and completion details
7. Conditions Precedent: Conditions that must be met before completion
8. Covenants: Obligations of both parties during the lease period
1. Break Clause: Early termination provisions - used when parties want flexibility to end the agreement early
2. Service Charge Provisions: Details of service charges and management fees - used for leasehold properties with shared facilities
3. Guarantor Provisions: Terms relating to any guarantors - used when additional security is required
1. Property Plan: Detailed plans showing the property boundaries and layout
2. Inventory: List of fixtures, fittings and contents included
3. Service Charge Schedule: Breakdown of service charges and calculation method
4. Condition Report: Current condition of the property
5. Energy Performance Certificate: Statutory energy efficiency information
Authors
Applicable Laws
Business Day
Commencement Date
Completion
Completion Date
Condition Precedents
Deposit
Encumbrances
Fixtures and Fittings
Initial Term
Land Registry
Lease Period
Lease Term
Permitted Use
Planning Permission
Premises
Property
Purchase Price
Rent
Rent Payment Date
Service Charge
Term
Title
VAT
Working Hours
Landlord's Fixtures
Purchase Option
Purchase Notice
Completion Requirements
Security Deposit
Insurance Requirements
Maintenance Obligations
Common Areas
Building
Utilities
Conduits
Planning Acts
Statutory Requirements
Environmental Laws
Lease Grant
Term and Renewal
Rent and Payment
Service Charges
Insurance
Repairs and Maintenance
Alterations
Permitted Use
Assignment and Subletting
Purchase Option
Purchase Price
Completion Requirements
Title Matters
Property Condition
Vacant Possession
Utilities and Outgoings
Break Rights
Default and Remedies
Force Majeure
Notices
Landlord's Covenants
Tenant's Covenants
Environmental Matters
Planning Requirements
Health and Safety
Indemnification
Security Deposit
Guarantees
VAT
Stamp Duty
Confidentiality
Dispute Resolution
Governing Law
Severability
Entire Agreement
Third Party Rights
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