Sale And Leaseback Contract Template for South Africa

1. Purchase Option: Terms under which the lessee may repurchase the property, included when the parties agree to a potential buyback arrangement

2. Environmental Compliance: Specific provisions regarding environmental obligations and compliance, particularly relevant for industrial or commercial properties

3. Tax Provisions: Detailed tax arrangements and allocations, particularly relevant for commercial transactions with significant tax implications

4. Property Management: Additional provisions regarding property management responsibilities, typically included for commercial properties

5. Subletting and Assignment: Terms governing the lessee's right to sublet or assign, typically included in commercial arrangements

6. Alterations and Improvements: Detailed provisions regarding permitted alterations and treatment of improvements, particularly relevant for long-term commercial leases

7. Force Majeure: Provisions dealing with unforeseen circumstances that may affect the agreement, particularly relevant in long-term arrangements

1. Property Description: Detailed description of the property including diagrams, title deed information, and relevant certificates

2. Rental Schedule: Detailed breakdown of rental amounts, escalations, and payment dates

3. Condition Report: Detailed report on the condition of the property at the time of sale and lease commencement

4. Maintenance Schedule: Detailed allocation of maintenance responsibilities between lessor and lessee

5. Insurance Requirements: Detailed specifications of required insurance coverage

6. Permitted Use: Detailed description of permitted uses of the property

7. Fixtures and Fittings: Inventory of fixtures and fittings included in the sale and lease

8. Required Consents: Copies of all required regulatory or third-party consents