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Lease Option Agreement Property For Sale
"I need a Lease Option Agreement Property For Sale for a commercial warehouse in Karachi, with a 2-year lease term starting March 2025 and an option to purchase at a pre-agreed price of PKR 45 million, including specific provisions for industrial use and equipment installation."
1. Parties: Identification of the Property Owner/Lessor and the Tenant/Option Holder with complete legal names and addresses
2. Background: Context of the agreement, brief property description, and parties' intentions regarding lease and future purchase option
3. Definitions: Definitions of key terms used throughout the agreement including Property, Option Period, Purchase Price, Lease Term, etc.
4. Property Details: Comprehensive description of the property including address, land area, building specifications, and registration details
5. Lease Terms: Specific terms of the lease including rent amount, payment schedule, duration, and maintenance responsibilities
6. Option Terms: Details of the purchase option including option fee, exercise period, and purchase price determination
7. Exercise of Option: Process and requirements for exercising the purchase option, including notice requirements and payment terms
8. Tenant Obligations: Responsibilities of the tenant during the lease period including maintenance, utilities, and property use restrictions
9. Landlord Obligations: Responsibilities of the landlord including property maintenance, insurance, and statutory compliance
10. Default and Remedies: Consequences of default by either party and available remedies
11. Termination: Circumstances and procedures for termination of the agreement
12. Governing Law: Specification of Pakistani law as governing law and relevant jurisdiction
13. Notices: Process for sending and receiving official notices between parties
14. Execution: Signature blocks and attestation requirements as per Pakistani law
1. Islamic Finance Compliance: Required when the transaction needs to explicitly comply with Islamic finance principles
2. Property Management: Include when specific property management arrangements are needed for complex properties
3. Subletting Provisions: Include when subletting is to be permitted under specific conditions
4. Renovation Rights: Include when tenant is permitted to make specific modifications to the property
5. Option Transfer Rights: Include when the option rights may be transferred to third parties
6. Multiple Unit Provisions: Required when the property consists of multiple units or shared facilities
7. Development Rights: Include when property has development potential that needs to be addressed
8. Force Majeure: Include when specific provisions for unforeseen circumstances are required
1. Schedule 1 - Property Description: Detailed property description including plans, boundaries, and included fixtures and fittings
2. Schedule 2 - Rent Schedule: Detailed breakdown of rent payments, increases, and payment dates
3. Schedule 3 - Option Price Calculation: Formula or method for calculating the final purchase price, including any adjustments
4. Schedule 4 - Property Condition Report: Detailed report on property condition at lease commencement
5. Schedule 5 - Maintenance Schedule: Breakdown of maintenance responsibilities between parties
6. Schedule 6 - Permitted Uses: Detailed list of permitted uses of the property
7. Appendix A - Required Notices: Templates for various notices required under the agreement
8. Appendix B - Registration Requirements: List of documents required for registration of lease and eventual sale
Authors
Property
Lease Term
Option Period
Option Fee
Purchase Price
Completion Date
Lease Commencement Date
Option Exercise Date
Monthly Rent
Security Deposit
Permitted Use
Common Areas
Fixtures and Fittings
Option Notice
Completion Notice
Force Majeure Event
Business Day
Relevant Authority
Applicable Law
Islamic Finance Requirements
Registration Requirements
Stamp Duty
Transfer Deed
Sale Deed
Property Documents
Encumbrances
Maintenance Charges
Utility Charges
Property Tax
Insurance Requirements
Default Event
Remedies
Notice Period
Lease Renewal
Option Exercise Price
Improvements
Lessor's Representatives
Lessee's Representatives
Valuation Date
Due Diligence Period
Completion Requirements
Transfer Costs
Material Breach
Permitted Occupants
Maintenance Standards
Lease Terms
Option Grant
Purchase Rights
Rent Payment
Security Deposit
Option Fee
Property Maintenance
Insurance
Utilities
Property Use
Assignment and Subletting
Default and Remedies
Force Majeure
Termination
Property Access
Alterations and Improvements
Compliance with Laws
Islamic Finance Compliance
Registration and Stamp Duty
Representations and Warranties
Indemnification
Dispute Resolution
Notices
Governing Law
Severability
Entire Agreement
Amendment
Transfer of Rights
Property Inspection
Due Diligence
Title and Ownership
Environmental Compliance
Health and Safety
Permitted Occupants
Property Tax
Risk and Insurance
Confidentiality
Time of Essence
Option Exercise
Purchase Completion
Real Estate
Property Development
Construction
Legal Services
Financial Services
Islamic Banking
Property Management
Commercial Property
Residential Property
Retail
Industrial
Hospitality
Legal
Real Estate
Property Management
Facilities Management
Compliance
Finance
Asset Management
Investment
Risk Management
Operations
Business Development
Islamic Banking
Real Estate Manager
Property Development Director
Legal Counsel
Contract Manager
Property Manager
Facilities Manager
Investment Director
Asset Manager
Compliance Officer
Real Estate Agent
Islamic Finance Advisor
Property Acquisition Manager
Chief Legal Officer
Real Estate Portfolio Manager
Lease Administrator
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