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Sale Leaseback Agreement
"I need a Sale Leaseback Agreement for our manufacturing facility in Mumbai, where we want to sell the property for INR 50 crore but continue operating with a 15-year lease term starting March 2025, with an option to repurchase after 7 years."
1. Parties: Identification of the Seller/Lessee and Buyer/Lessor with complete details
2. Background: Context of the transaction, including property details and purpose of the sale-leaseback arrangement
3. Definitions: Definitions of key terms used throughout the agreement
4. Sale Terms: Terms and conditions of the property sale, including purchase price and payment terms
5. Lease Terms: Essential lease provisions including duration, rent, and payment schedule
6. Property Handover: Process for initial sale closing and property handover
7. Rent and Other Payments: Detailed rent structure, security deposit, and other financial obligations
8. Maintenance and Repairs: Responsibilities for property maintenance, repairs, and improvements
9. Insurance and Taxes: Obligations regarding property insurance and payment of taxes
10. Use of Property: Permitted use of property and any restrictions
11. Assignment and Subletting: Rights and restrictions regarding assignment and subletting
12. Default and Remedies: Events of default and available remedies for both parties
13. Termination: Conditions and process for agreement termination
14. Representations and Warranties: Standard representations and warranties from both parties
15. Governing Law and Jurisdiction: Applicable law and jurisdiction for dispute resolution
16. Notices: Process and addresses for serving notices
17. Miscellaneous: Standard boilerplate provisions including severability, entire agreement, etc.
1. Purchase Option: Terms for lessee to repurchase the property, included if agreed between parties
2. Financing Provisions: Included if the transaction involves third-party financing
3. Environmental Matters: Required for properties with potential environmental concerns or compliance requirements
4. Asset Management: Included for properties requiring specific management arrangements
5. Construction/Modification Rights: Needed if lessee requires rights to modify or construct on the property
6. Special Purpose Vehicle Provisions: Required if either party is an SPV or if SPV creation is part of the transaction
7. Tax Indemnification: Detailed tax responsibilities and indemnifications, if complex tax implications exist
8. Force Majeure: Specific force majeure provisions beyond standard clauses, if required for the property type
1. Property Description: Detailed description of the property including boundaries, measurements, and title details
2. Rent Schedule: Detailed breakdown of rent payments, escalations, and payment dates
3. Condition Report: Documentation of property condition at the time of sale and lease commencement
4. Maintenance Schedule: Detailed breakdown of maintenance responsibilities between parties
5. Permitted Alterations: List of allowed modifications or improvements to the property
6. Service Charges: Breakdown of service charges and other operational costs
7. Insurance Requirements: Detailed insurance requirements and minimum coverage levels
8. Form of Notices: Template formats for various notices under the agreement
Authors
Property
Commencement Date
Completion Date
Purchase Price
Lease Term
Initial Term
Renewal Term
Rent
Security Deposit
Base Rent
Additional Rent
Permitted Use
Completion
Seller/Lessee
Buyer/Lessor
Effective Date
Encumbrance
Event of Default
Force Majeure
Improvements
Insurance Requirements
Lease Year
Maintenance
Operating Expenses
Payment Date
Possession Date
Property Documents
Purchase Completion
Rent Commencement Date
Representatives
Sale Deed
Stamp Duty
Structural Repairs
Taxes
Term
Title Documents
Transfer
Utilities
Valuation
Business Day
Applicable Laws
Competent Authority
Material Adverse Effect
Permitted Assigns
Related Party
Schedule
Service Charges
Working Hours
Common Areas
Fixtures and Fittings
Outgoings
Lease Grant
Property Description
Purchase Price
Payment Terms
Rent
Security Deposit
Property Handover
Registration
Title and Ownership
Representations and Warranties
Due Diligence
Permitted Use
Maintenance and Repairs
Alterations and Improvements
Insurance
Property Taxes
Utilities
Assignment and Subletting
Default
Remedies
Termination
Force Majeure
Indemnification
Confidentiality
Environmental Compliance
Regulatory Compliance
Notices
Dispute Resolution
Governing Law
Jurisdiction
Amendments
Entire Agreement
Severability
Waiver
Costs and Expenses
Further Assurance
Successors and Assigns
Third Party Rights
Counterparts
Time of Essence
Stamp Duty
Property Management
Access Rights
Option to Purchase
Renewal Options
Real Estate
Banking and Financial Services
Manufacturing
Retail
Hospitality
Healthcare
Education
Logistics and Warehousing
Office Space and Commercial Properties
Industrial
Technology and Data Centers
Legal
Finance
Real Estate
Operations
Facilities Management
Risk Management
Treasury
Corporate Development
Business Development
Property Management
Asset Management
Chief Financial Officer
Real Estate Manager
Property Manager
Legal Counsel
Corporate Lawyer
Finance Director
Asset Manager
Facilities Manager
Business Development Manager
Investment Manager
Treasury Manager
Risk Manager
Company Secretary
Operations Director
Real Estate Director
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