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1. Parties: Identification of the owner/seller and tenant/buyer, including full legal names, addresses, and registration numbers if applicable
2. Background: Context of the agreement, including property details and the parties' intention to enter into a rent-to-own arrangement
3. Definitions: Definitions of key terms used throughout the agreement, including 'Purchase Option', 'Rental Period', 'Purchase Price', etc.
4. Property Description: Detailed description of the property including address, cadastral details, and any included fixtures or fittings
5. Rental Terms: Terms of the rental phase including duration, monthly payment, and maintenance responsibilities
6. Purchase Option Terms: Conditions for exercising the purchase option, including price, deadline, and credit for rental payments
7. Payment Terms: Details of rental payments, deposit, purchase option fee, and how rental payments contribute to the purchase price
8. Maintenance and Repairs: Responsibilities for property maintenance during the rental period
9. Insurance Requirements: Required insurance coverage during both rental and purchase phases
10. Default and Termination: Consequences of default and conditions for termination of the agreement
11. Transfer of Ownership: Process and conditions for transferring property ownership upon exercise of purchase option
12. Governing Law: Confirmation of Belgian law application and jurisdiction
13. Signatures: Execution block for all parties and witnesses
1. Property Management: Required when a property management company is involved in maintaining the property
2. Mortgage Contingency: Include when the purchase option is contingent on the tenant/buyer obtaining mortgage financing
3. Co-occupants: Required when additional occupants will live in the property during the rental phase
4. Property Improvements: Include when allowing or restricting tenant improvements during the rental phase
5. Assignment and Subletting: Include when addressing whether the tenant can assign or sublet the property
6. Early Purchase Option: Include terms for early exercise of the purchase option if permitted
7. Right of First Refusal: Include if the tenant has rights if the owner receives other purchase offers
8. Homeowners Association: Required when the property is part of an HOA or similar organization
1. Schedule A - Property Details: Detailed property description, including floor plans and cadastral information
2. Schedule B - Payment Schedule: Detailed breakdown of payments, including how rental payments are credited toward purchase
3. Schedule C - Property Condition Report: Initial condition report with photographs and noted defects
4. Schedule D - Maintenance Schedule: List of maintenance responsibilities and schedules for both parties
5. Schedule E - Insurance Requirements: Detailed insurance requirements and minimum coverage amounts
6. Appendix 1 - Property Energy Certificate: Mandatory energy performance certificate for the property
7. Appendix 2 - Property Compliance Certificates: Relevant compliance certificates required under Belgian law
8. Appendix 3 - Purchase Option Calculation: Formula and examples for calculating final purchase price including rental credits
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