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Option To Lease Agreement
"I need an Option To Lease Agreement for a retail space in Singapore's Central Business District, with a 14-day option period and potential lease commencement in March 2025, including specific fit-out requirements and shared facility provisions."
1. Parties: Details of the option grantor (landlord) and grantee (potential tenant)
2. Background: Context of the option agreement and property details
3. Definitions: Key terms used tHRoughout the agreement
4. Option Grant: Terms of the option, including consideration amount and exercise period
5. Property Details: Specific description of the property including address and lot number
6. Option Exercise: Procedure and requirements for exercising the option
7. Terms of Lease: Key terms of the lease that will come into effect upon exercise
1. Due Diligence: Property inspection and verification rights (for commercial properties or high-value transactions)
2. Conditions Precedent: Prerequisites before option can be exercised (when specific conditions must be met before lease execution)
3. Agent Commission: Details of property agent fees (when property agents are involved)
1. Property Floor Plan: Detailed layout of the property
2. Draft Tenancy Agreement: Form of lease agreement to be executed upon option exercise
3. Inventory List: List of fixtures and fittings included in the lease (for furnished properties)
4. Title Search: Recent title search results showing ownership details
Authors
Option
Option Fee
Option Period
Exercise Date
Exercise Notice
Commencement Date
Premises
Property
Lease
Lease Term
Landlord
Tenant
Rental
Security Deposit
Permitted Use
Business Day
Completion
Consideration
Due Diligence Period
Encumbrances
Force Majeure
GST
Laws
Material Adverse Change
Parties
Stamp Duty
Term
Title Documents
Working Day
Option Fee
Exercise of Option
Property Description
Duration
Rental Terms
Security Deposit
Permitted Use
Condition of Premises
Due Diligence
Representations and Warranties
Costs and Expenses
Stamp Duty
Registration
Assignment
Termination
Force Majeure
Notices
Governing Law
Dispute Resolution
Confidentiality
Entire Agreement
Severability
Amendments
Third Party Rights
Time of Essence
Further Assurance
Counterparts
GST
Insurance
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