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Option To Buy Contract
"I need an Option to Buy Contract for a commercial warehouse property in Amsterdam, with an option period running until June 30, 2025, including specific conditions about maintaining the current tenant arrangements during the option period."
1. Parties: Identification and details of the Option Grantor and Option Holder
2. Background: Context of the agreement and relationship between parties
3. Definitions: Definitions of key terms used throughout the agreement
4. Grant of Option: Clear statement of the option being granted and its basic terms
5. Option Period: Duration of the option and any extension possibilities
6. Option Price: Amount payable for the option right itself
7. Purchase Price: Agreed price for the asset if the option is exercised
8. Exercise of Option: Process and requirements for exercising the option
9. Property Description: Detailed description of the property or asset subject to the option
10. Representations and Warranties: Statements of fact by both parties about the property and their capacity
11. Conditions Precedent: Conditions that must be met before the option can be exercised
12. Notices: Communication requirements and contact details
13. Governing Law and Jurisdiction: Confirmation of Dutch law application and jurisdiction
14. Signature Page: Execution blocks for all parties
1. Due Diligence: Terms for conducting property investigations, used when the option holder requires inspection rights
2. Financing Conditions: Include when the option exercise is subject to obtaining financing
3. Transfer Restrictions: Required when there are limitations on transferring the option rights
4. Property Maintenance: Include when specific maintenance obligations during the option period need to be defined
5. Break Clause: Include when early termination rights are needed
6. Tax Provisions: Include when specific tax arrangements or implications need to be addressed
7. Third Party Rights: Include when other parties have interests that need to be acknowledged
8. Insurance Requirements: Include when specific insurance obligations during the option period are needed
1. Property Details: Detailed description of the property including cadastral details and plans
2. Property Title: Copy of current title deed and any relevant registrations
3. Purchase Price Calculation: If the purchase price involves calculations or adjustments
4. Form of Exercise Notice: Template notice for exercising the option
5. Encumbrances: List of any existing mortgages, easements or other encumbrances
6. Due Diligence Documents: List of documents provided or to be provided for due diligence
7. Permitted Use: Details of permitted use and any restrictions
Authors
Option
Option Period
Option Price
Purchase Price
Property
Completion Date
Option Exercise Date
Option Exercise Notice
Business Day
Commencement Date
Completion
Due Diligence
Due Diligence Period
Encumbrances
Exercise Period
Grantor
Holder
Kadaster
Long Lease
Material Adverse Change
Notarial Deed
Parties
Permitted Use
Property Register
Purchase Agreement
Registration
Related Persons
Signing Date
Survey
Term
Title Deed
Transfer Date
Transfer Deed
Working Day
Option Exercise
Duration
Purchase Price
Payment Terms
Property Description
Title
Representations and Warranties
Due Diligence
Conditions Precedent
Completion
Transfer Requirements
Registration
Assignment
Termination
Force Majeure
Confidentiality
Notices
Costs
Amendments
Severability
Entire Agreement
Waiver
Further Assurance
Third Party Rights
Dispute Resolution
Governing Law
Jurisdiction
Insurance
Property Maintenance
Compliance with Laws
Tax
Indemnification
Default
Remedies
Real Estate
Commercial Property
Residential Property
Agriculture
Industrial
Retail
Hospitality
Office Space
Manufacturing
Logistics
Land Development
Construction
Legal
Real Estate
Property Management
Business Development
Acquisitions
Investment
Asset Management
Corporate Development
Contracts Administration
Risk Management
Real Estate Lawyer
Property Developer
Real Estate Agent
Commercial Director
Legal Counsel
Property Manager
Investment Manager
Asset Manager
Business Development Manager
Acquisitions Manager
Contract Manager
Real Estate Investment Director
Development Director
Corporate Lawyer
Notary
Property Surveyor
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