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1. Parties: Identification of all parties to the agreement, including full legal names, addresses, and ACN/ABN if applicable
2. Background: Context of the agreement, including property details and the intention to enter into a rent-to-own arrangement
3. Definitions: Definitions of key terms used throughout the agreement
4. Rental Terms: Details of the rental period, including rent amount, payment schedule, and duration
5. Purchase Option Terms: Specifications of the purchase option, including purchase price, option fee, and how rental payments contribute to the purchase
6. Property Management: Responsibilities for maintenance, repairs, insurance, and property condition during the rental period
7. Exercise of Purchase Option: Process and requirements for exercising the purchase option, including notice periods and documentation
8. Financial Terms: Detailed financial arrangements, including payment structures, credit terms, and purchase price calculations
9. Default and Remedies: Consequences of default by either party and available remedies
10. Property Transfer: Process and requirements for the final property transfer upon exercise of the purchase option
11. Representations and Warranties: Statements of fact and promises made by both parties
12. General Provisions: Standard contract clauses including governing law, notices, and amendment procedures
1. Property Improvements: Terms regarding permitted improvements to the property and how they affect the purchase price - include when improvements are likely to be made during the rental period
2. Third-Party Finance: Provisions relating to external financing arrangements - include when external financing is part of the purchase strategy
3. Property Management Company: Terms relating to the engagement of a property management company - include when a third-party manager will be involved
4. Special Conditions: Any unique terms specific to the particular arrangement - include when there are circumstances not covered by standard clauses
5. Early Purchase Option: Terms for executing the purchase before the planned end of the rental period - include when early purchase might be desired
6. Assignment and Subletting: Terms regarding the transfer of rights or subletting - include when these rights might be needed
7. Guarantor Provisions: Terms relating to guarantors of either party - include when financial guarantees are required
1. Property Details: Detailed description of the property including title details, boundaries, and inclusions/exclusions
2. Payment Schedule: Detailed breakdown of all payments including rent, option fees, and purchase price calculations
3. Condition Report: Detailed report on the condition of the property at the commencement of the agreement
4. Required Insurance: Specifications of required insurance coverage for both parties
5. Maintenance Schedule: Detailed breakdown of maintenance responsibilities and schedules
6. Purchase Option Notice: Pro-forma notice for exercising the purchase option
7. Financial Terms Calculation: Detailed calculations showing how rental payments contribute to the purchase price
8. Compliance Checklist: Checklist of regulatory requirements and necessary approvals for the transaction
Business Day
Commencement Date
Completion Date
Contract Price
Default Event
Deposit
Encumbrance
Exercise Notice
Exercise Period
Final Purchase Price
GST
Improvements
Initial Condition Report
Land
Lease Period
Lease Term
Option Fee
Option Period
Option to Purchase
Outgoings
Permitted Use
Property
Purchase Option
Rent
Rental Payment
Required Insurance
Settlement
Settlement Date
Special Conditions
Stamp Duty
Tenant's Contributions
Term
Title
Transfer Documents
Utilities
Valuation
Vendor's Warranties
Purchase Option
Property Description
Financial Terms
Payment Obligations
Insurance Requirements
Maintenance and Repairs
Default and Termination
Property Transfer
Title and Ownership
Representations and Warranties
Assignment and Subletting
Property Access
Improvements and Alterations
Compliance with Laws
Dispute Resolution
Force Majeure
Notices
Confidentiality
Governing Law
Severability
Entire Agreement
Amendment
Indemnification
Property Inspection
Settlement Procedures
Risk and Liability
Cost Allocation
Time Essentials
Further Assurance
Real Estate
Residential Property
Commercial Property
Financial Services
Legal Services
Property Management
Banking
Insurance
Property Development
Real Estate Investment
Legal
Real Estate
Property Management
Finance
Compliance
Risk Management
Sales
Operations
Document Control
Asset Management
Real Estate Agent
Property Manager
Legal Counsel
Conveyancer
Financial Advisor
Mortgage Broker
Property Valuer
Compliance Officer
Contract Administrator
Real Estate Development Manager
Property Investment Advisor
Settlement Agent
Title Officer
Risk Manager
Real Estate Transaction Coordinator
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