Sale Of Commercial Freehold Land With Leaseback Contract
Publisher one
Genie AIJurisdiction
England and WalesRelevant sectors
Type of legal document
🏚️ Commercial property saleBusiness activity
Sell freehold landThe sale of a commercial property is the transfer of the ownership of the property from one person or entity to another. The buyer pays the seller a sum of money, and in exchange, the seller transfers the ownership of the property to the buyer. The commercial property sale is governed by state and federal laws.
The template would outline the terms and conditions of the agreement and cover various aspects, including the purchase price, payment terms, and obligations of both the seller and the buyer. It would also include provisions regarding the leaseback terms, such as the lease duration, rent amount, maintenance responsibilities, and any specific conditions agreed upon by both parties.
Other crucial components of the template might include representations and warranties made by the seller in relation to the property's title, restrictions or encumbrances, planning permissions, and compliance with existing laws and regulations. The template would also outline the allocation of costs associated with the transaction, such as legal fees, stamp duty, and any other relevant expenses.
Furthermore, the template would cover the process of completion and transfer of ownership, including the required documentation and conditions precedent that need to be fulfilled before the transaction can be finalized. It would also address issues such as indemnification and dispute resolution mechanisms if any disputes arise in the future.
Overall, this legal template serves as a comprehensive framework for facilitating the sale of commercial freehold land while ensuring that both parties involved are protected and their rights and obligations are clearly defined under UK law.
How it works
Try using Genie's Free AI Legal Assistant
Generate quality, formatted contracts with AI
Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs
Let our Legal AI make edits for you
Ask Genie to edit your document in the same way you’d ask a paralegal. Genie makes track changes, and explains its thinking just like a junior lawyer would.
AI review
Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs
Book your personalised demo now
Similar legal templates
Witness Statement Supporting Application To Extend Administrator's Appointment
The witness statement may include information regarding the current state of affairs, the reason behind the need for an extension, the value and importance of the administrator's expertise in the specific case, as well as any positive impacts achieved during the initial appointment. The statement can also demonstrate the administrator's ongoing effectiveness in managing and resolving complex issues, maintaining stability, and safeguarding the interests of all relevant parties involved.
This template aims to present a persuasive case to the appropriate judicial or administrative authority, emphasizing the necessity and benefits of extending the administrator's appointment. By providing comprehensive details and concrete examples through the witness statement, it helps to build a compelling argument for the extension of the administrator's term, ultimately ensuring the continued success and smooth progression of the matter at hand.
Publisher
Genie AIJurisdiction
England and WalesVideo Editor Contract
This Video Editor contract template is designed for a commercial video editing organisation (or an individual video editor) to use when contracting out their skills and services in exchange for payment. This contract sets out the type of video editing and video-editing-related services to be completed by the video editor on behalf of the client, with consideration for expectations around quality and delivery timescales, as well as any mitigating circumstances. This contract allows for payment to be made by the client to the video editing firm or individual video editor on a weekly or monthly basis but can easily be edited to account for other payment schedules and could be altered to include bonuses conditional on performance. It can also be fully customised with the details of the two parties and the duration of the contract and can be printed, downloaded and edited freely as part of our mission to open source business legals. This is a template for contractors who fit outside of the UK's off-payroll working rules (IR35).
