Lease Option Agreement Property Template for Netherlands

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Key Requirements PROMPT example:

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."

Document background
The Lease Option Agreement Property is a crucial document in Dutch real estate transactions where parties wish to combine immediate property occupation with future purchase rights. This agreement type is particularly valuable in situations where potential buyers need time to arrange financing or want to "test" the property before committing to purchase. Subject to Dutch law, particularly the Civil Code (Burgerlijk Wetboek), the agreement must carefully balance tenant protections with property owner rights. The document typically includes detailed provisions about the lease term, rental payments, property maintenance, option exercise period, purchase price calculation, and conditions for both the lease and potential sale. It's commonly used in both residential and commercial contexts, requiring careful consideration of sector-specific regulations and requirements.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
Clauses
Relevant Industries

Real Estate

Commercial Property

Residential Property

Retail

Industrial

Hospitality

Office Space

Agriculture

Warehouse and Storage

Mixed-use Development

Relevant Teams

Legal

Real Estate

Property Management

Operations

Facilities

Finance

Risk Management

Business Development

Asset Management

Contract Administration

Relevant Roles

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

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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