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Lease To Purchase Contract
"I need a Lease to Purchase Contract for a commercial warehouse in Dubai Industrial City, with a 12-month lease period starting March 2025 and purchase option exercisable after 6 months, including specific provisions for industrial property use and foreign company ownership."
1. Parties: Identification of the lessor/seller and lessee/buyer, including full legal names, addresses, and relevant registration details
2. Background: Context of the agreement, including property overview and intention to lease with option to purchase
3. Definitions: Key terms used throughout the agreement, including specific UAE legal terminology
4. Lease Terms: Duration of lease, rental payments, maintenance responsibilities, and other lease conditions
5. Purchase Option Terms: Conditions for exercising the purchase option, including notice requirements and timeframe
6. Purchase Price and Payment: Total purchase price, credit for rental payments, payment structure, and escrow arrangements
7. Property Description: Detailed description of the property, including all fixtures and fittings
8. Title and Ownership: Confirmation of current ownership, title warranties, and transfer process
9. Conditions Precedent: Prerequisites for both lease commencement and purchase completion
10. Maintenance and Repairs: Responsibilities for property maintenance during lease period
11. Insurance: Required insurance coverage during lease period and transfer requirements
12. Default and Remedies: Consequences of default under both lease and purchase provisions
13. Termination: Circumstances and procedures for agreement termination
14. Governing Law and Jurisdiction: Specification of UAE law application and dispute resolution procedures
1. Foreign Ownership Provisions: Required if the buyer is a foreign national, addressing specific requirements under UAE foreign ownership laws
2. Mortgage Arrangements: Required if the purchase will involve mortgage financing
3. Property Management: Optional section for properties in managed communities or buildings
4. Broker Provisions: Required if real estate brokers are involved in the transaction
5. Tenant Improvements: Optional section addressing any permitted modifications to the property during lease period
6. Assignment Rights: Optional section if transfer of rights is to be permitted
7. Force Majeure: Optional section addressing unforeseen circumstances affecting contract performance
1. Schedule 1: Property Details: Detailed property specification, including floor plans, boundaries, and included fixtures
2. Schedule 2: Payment Schedule: Detailed breakdown of lease payments and purchase price installments
3. Schedule 3: Property Condition Report: Documentation of property condition at lease commencement
4. Schedule 4: Title Documents: Copies of current title deed and relevant property ownership documents
5. Schedule 5: Service Charges: Details of any applicable service charges or community fees
6. Appendix A: Required Maintenance Standards: Specified standards for property maintenance during lease period
7. Appendix B: Purchase Option Exercise Form: Template form for exercising the purchase option
8. Appendix C: Property Handover Protocol: Procedures for final property inspection and handover
Authors
Property
Lease Period
Commencement Date
Completion Date
Lessor
Lessee
Purchase Option
Option Period
Purchase Price
Rental Payment
Security Deposit
Option Fee
Completion Payment
Title Deed
RERA
Common Areas
Service Charges
Maintenance Charges
Force Majeure
Business Day
Notice Period
Property Registration
Escrow Account
Default Event
Permitted Use
Handover Date
Due Diligence
Occupation Certificate
Utilities
Building
Premises
Fixtures and Fittings
Option Notice
Transfer Date
Relevant Authority
Broker
Maintenance Obligations
Insurance Requirements
Governing Law
DLD (Dubai Land Department)
NOC (No Objection Certificate)
Payment Schedule
Registration Fee
Transfer Fee
Condition Precedent
Termination Date
Material Breach
Completion Documents
Lease Terms
Purchase Option
Payment Terms
Title and Ownership
Registration
Warranties and Representations
Maintenance and Repairs
Insurance
Utilities and Services
Property Use
Assignment and Subletting
Default and Remedies
Force Majeure
Termination
Notices
Dispute Resolution
Governing Law
Indemnification
Property Access
Environmental Compliance
Alterations and Improvements
Property Inspection
Handover
Broker Provisions
Confidentiality
Entire Agreement
Severability
Amendment
Waiver
Compliance with Laws
Foreign Ownership
Service Charges
Property Management
Title Transfer
Escrow Arrangements
Due Diligence
Condition Precedent
Real Estate
Property Development
Construction
Banking and Finance
Property Management
Real Estate Investment
Residential Property
Commercial Property
Industrial Property
Hospitality
Legal
Real Estate
Property Management
Finance
Compliance
Operations
Investment
Asset Management
Risk Management
Facilities Management
Real Estate Manager
Property Manager
Legal Counsel
Contract Manager
Real Estate Agent
Property Developer
Investment Manager
Finance Manager
Compliance Officer
Real Estate Investment Director
Asset Manager
Property Portfolio Manager
Chief Financial Officer
Chief Legal Officer
Real Estate Operations Manager
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