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Lease And Sale Agreement
"I need a Lease and Sale Agreement for a commercial warehouse in Kwai Chung, Hong Kong, where my company will sell the property for HKD 45 million but continue leasing it back for 5 years starting March 2025, with an option to extend for another 3 years."
1. Parties: Identification of the seller/landlord and buyer/tenant, including full legal names, addresses, and registration numbers for companies
2. Background: Context of the transaction, including property history and purpose of the agreement
3. Definitions: Definitions of key terms used throughout the agreement
4. Sale Provisions: Terms and conditions of the property sale, including purchase price and payment terms
5. Property Details: Detailed description of the property, including address, lot number, and registered particulars
6. Lease Terms: Essential lease provisions including duration, rent amount, and payment schedule
7. Conditions Precedent: Conditions that must be satisfied before completion of the sale
8. Completion: Details of the completion process, timing, and requirements
9. Representations and Warranties: Statements of fact and promises by both parties regarding the property and transaction
10. Maintenance and Repairs: Responsibilities for property maintenance and repairs during the lease period
11. Insurance: Insurance requirements for both parties
12. Default and Remedies: Consequences of breach and available remedies
13. Termination: Circumstances and procedures for terminating the agreement
14. Notices: Methods and addresses for formal communications between parties
15. Governing Law: Confirmation of Hong Kong law as governing law and jurisdiction
16. Execution: Signature blocks and execution requirements
1. Security Deposit: Terms for security deposit if required - used when additional security is needed
2. Option to Purchase: Terms for tenant's option to purchase - used in rent-to-own arrangements
3. Management Fees: Details of management fees for properties in managed buildings
4. Alterations and Improvements: Terms for making changes to the property - used when renovations are anticipated
5. Assignment and Subletting: Terms for transferring rights - used when flexibility might be needed
6. Break Clause: Early termination provisions - used for longer lease terms
7. Environmental Matters: Environmental warranties and obligations - used for industrial properties
8. Planning and Zoning: Confirmation of proper land use - used for commercial properties
9. Mortgage Provisions: Terms relating to existing or new mortgages - used when property is mortgaged
1. Schedule 1 - Property Description: Detailed legal description of the property, including boundaries and floor plans
2. Schedule 2 - Inventory: List of fixtures, fittings, and furniture included in the sale and lease
3. Schedule 3 - Payment Schedule: Detailed breakdown of purchase price installments and rent payments
4. Schedule 4 - Condition Report: Detailed report on the condition of the property at the time of sale
5. Schedule 5 - Building Rules: Rules and regulations for properties in managed buildings
6. Appendix A - Property Title Documents: Copies of relevant title documents and land search
7. Appendix B - Certificates: Relevant certificates including occupation permit and structural safety certificates
8. Appendix C - Plans: Floor plans, location maps, and any approved renovation plans
Authors
Applicable Laws
Assignment
Building
Building Management
Business Day
Completion
Completion Date
Conditions Precedent
Consideration
Deed of Assignment
Deposit
Encumbrance
Events of Default
Fixtures and Fittings
Government Lease
Government Rent
Hong Kong
Land Registry
Landlord
Lease Commencement Date
Lease Period
Lease Term
Management Charges
Management Company
Occupation Permit
Parties
Permitted Use
Premium
Property
Purchase Price
Purchaser
Rates
Rent
Rent Commencement Date
Rental Period
Security Deposit
Seller
Service Charges
Stamp Duty
Substantial Breach
Tenant
Term
Title Documents
Transaction Documents
Undivided Shares
Utilities
Vacant Possession
Sale and Purchase
Property Transfer
Consideration and Payment
Conditions Precedent
Due Diligence
Representations and Warranties
Lease Grant
Rent and Payment
Security Deposit
Use of Property
Maintenance and Repair
Alterations and Improvements
Insurance
Assignment and Subletting
Property Management
Utilities and Services
Access Rights
Default and Remedies
Force Majeure
Termination
Handover
Indemnification
Taxes and Duties
Notices
Dispute Resolution
Governing Law
Severability
Entire Agreement
Registration
Confidentiality
Force Majeure
Costs and Expenses
Real Estate
Property Development
Commercial Property
Residential Property
Retail
Industrial
Hospitality
Office Space
Mixed-Use Development
Manufacturing
Warehousing
Professional Services
Legal
Real Estate
Operations
Finance
Compliance
Property Management
Facilities Management
Asset Management
Risk Management
Contract Administration
Property Manager
Real Estate Agent
Legal Counsel
Contract Manager
Facilities Manager
Real Estate Investment Manager
Property Development Director
Asset Manager
Operations Director
Chief Financial Officer
Commercial Director
Compliance Officer
Real Estate Analyst
Property Administrator
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