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1. Parties: Identification of the landlord/seller and tenant/buyer, including full legal names, addresses, and registration details if corporate entities
2. Background: Context of the agreement, including property description and intent of parties to enter lease-to-own arrangement
3. Definitions: Key terms used throughout the agreement, including Property, Commencement Date, Option Period, Purchase Price, etc.
4. Lease Terms: Duration of lease, rent amount, payment schedule, and annual increases
5. Property Use and Maintenance: Permitted use of property, maintenance responsibilities, and property management obligations
6. Purchase Option Terms: Details of the option to purchase, including option price, exercise period, and credit of rent towards purchase
7. Exercise of Purchase Option: Process and requirements for exercising the purchase option, including notice requirements and closing procedures
8. Insurance and Liability: Required insurance coverage, liability allocation, and indemnification provisions
9. Default and Remedies: Events of default under both lease and purchase provisions, cure periods, and available remedies
10. Assignment and Subletting: Rights and restrictions regarding assignment of lease or purchase option
11. Representations and Warranties: Statements of fact and promises by both parties regarding the property and their capacity to enter the agreement
12. Taxes and Expenses: Allocation of property taxes, utilities, maintenance costs, and other expenses
13. Notices: Methods and addresses for formal communications between parties
14. General Provisions: Standard contract clauses including governing law, entire agreement, amendments, and severability
1. Environmental Matters: Required when property has potential environmental concerns or specific environmental compliance requirements
2. Property Management: Include when specific property management services are part of the arrangement
3. Tenant Improvements: Required when tenant is permitted to make substantial improvements to the property
4. Common Areas: Necessary for multi-tenant properties or shared facilities
5. Operating Costs: Detailed section needed for triple net leases or specific operating cost arrangements
6. Security Deposit: Include when additional security beyond rent is required
7. Financing Provisions: Required when either party needs to secure financing for the eventual purchase
8. Property Development Rights: Include when tenant has rights to develop or significantly modify the property
1. Schedule A - Property Description: Legal description of the property, including boundaries, easements, and registered encumbrances
2. Schedule B - Rent Schedule: Detailed breakdown of rent payments, increases, and portion applied to purchase price
3. Schedule C - Purchase Price Calculation: Formula for determining final purchase price, including rent credits and adjustments
4. Schedule D - Permitted Uses: Detailed list of permitted and prohibited uses of the property
5. Schedule E - Condition Report: Initial condition of the property with photographs and descriptions
6. Schedule F - Insurance Requirements: Detailed insurance specifications required for both parties
7. Schedule G - Environmental Reports: Environmental assessment reports and related documentation
8. Schedule H - Operating Costs: Detailed breakdown of operating costs and allocation between parties
9. Appendix 1 - Form of Option Exercise Notice: Template notice for exercising purchase option
10. Appendix 2 - Required Maintenance Schedule: Detailed maintenance requirements and schedules
Commercial Real Estate
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Manufacturing
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Professional Services
Warehouse and Distribution
Technology
Industrial
Food and Beverage
Entertainment
Education
Legal
Finance
Real Estate
Operations
Facilities Management
Risk Management
Compliance
Treasury
Corporate Development
Property Management
Chief Executive Officer
Chief Financial Officer
Real Estate Director
Property Manager
Corporate Counsel
Legal Counsel
Business Development Manager
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Operations Director
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