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Lease Option Agreement Property
"I need a Lease Option Agreement Property for a commercial warehouse in Amsterdam, with a 2-year lease term starting March 1, 2025, and an option to purchase at a pre-agreed price of €2.5M within the lease period."
1. Parties: Identification of the property owner/landlord and the tenant/option holder
2. Background: Context of the agreement, including property details and purpose of the arrangement
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Description: Detailed description of the property subject to the lease and option
5. Lease Terms: Core lease provisions including rent, duration, and payment terms
6. Option Terms: Details of the option to purchase, including option price and exercise period
7. Maintenance and Repairs: Responsibilities for property maintenance and repairs during the lease period
8. Insurance and Liability: Insurance requirements and allocation of risks
9. Exercise of Option: Process and requirements for exercising the purchase option
10. Purchase Price and Payment: Agreed purchase price and payment terms if option is exercised
11. Default and Remedies: Consequences of breach and available remedies
12. Termination: Circumstances and procedures for termination of the agreement
13. Notices: Communication requirements and contact details
14. Governing Law: Confirmation of Dutch law governance and jurisdiction
15. Execution: Signature blocks and execution requirements
1. Property Use Restrictions: Specific restrictions on property use, required for properties in regulated zones or with special permits
2. Environmental Provisions: Environmental requirements and responsibilities, necessary for properties with potential environmental concerns
3. Subletting Provisions: Terms regarding subletting rights, included when subletting might be permitted
4. Renovations and Improvements: Terms for allowing and handling property modifications, included when significant changes are anticipated
5. Property Management: Management arrangements for multi-unit properties or those requiring special maintenance
6. Right of First Refusal: Additional rights beyond the option, included when agreed between parties
7. Mortgage Contingency: Provisions relating to existing or future mortgages, required when property is mortgaged
1. Property Details Schedule: Detailed property description, including cadastral details and floor plans
2. Inventory Schedule: List of fixtures, fittings, and furniture included in the lease/sale
3. Rent Payment Schedule: Detailed breakdown of rent payments and increases
4. Maintenance Schedule: Detailed maintenance responsibilities and schedules
5. Option Calculation Schedule: Detailed calculation of option price and any adjustments
6. Property Condition Report: Initial condition assessment of the property
7. Required Permits and Certificates: Copies of necessary permits, certificates, and regulatory approvals
Authors
Property
Lease Term
Option Period
Commencement Date
Expiration Date
Option Exercise Date
Base Rent
Security Deposit
Option Fee
Purchase Price
Permitted Use
Common Areas
Improvements
Landlord
Tenant
Option Holder
Business Day
Force Majeure
Notarial Deed
Maintenance
Operating Expenses
Property Registration
Kadaster
Structural Elements
Utilities
Service Charges
Insurance Requirements
Environmental Laws
Occupancy Requirements
Transfer Date
Completion Date
Due Diligence Period
Notice
Default
Remedies
Fixtures and Fittings
Building Systems
Alterations
Applicable Law
Competent Authority
Registration Requirements
Payment Date
Index
Option Exercise Notice
Termination Date
Lease Year
Initial Condition
Deposit Holder
Lease Grant
Term and Duration
Rent Payment
Security Deposit
Option Grant
Option Exercise
Purchase Price
Property Use
Maintenance and Repairs
Utilities and Services
Insurance
Assignment and Subletting
Alterations and Improvements
Access Rights
Default and Remedies
Force Majeure
Environmental Compliance
Property Registration
Title Transfer
Due Diligence
Representations and Warranties
Indemnification
Termination
Notices
Governing Law
Dispute Resolution
Severability
Entire Agreement
Amendment
Waiver
Costs and Expenses
Tax Provisions
Compliance with Laws
Property Inspection
Risk Allocation
Survival
Further Assurance
Real Estate
Commercial Property
Residential Property
Retail
Industrial
Hospitality
Office Space
Agriculture
Warehouse and Storage
Mixed-use Development
Legal
Real Estate
Property Management
Operations
Facilities
Finance
Risk Management
Business Development
Asset Management
Contract Administration
Real Estate Manager
Property Manager
Legal Counsel
Contract Manager
Facilities Manager
Asset Manager
Investment Manager
Real Estate Developer
Leasing Manager
Property Administrator
Commercial Director
Operations Manager
Real Estate Agent
Business Development Manager
Risk Manager
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