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1. Parties: Identification of the Owner/Seller and the Renter/Purchaser with full legal names and addresses
2. Background: Context of the agreement, including brief description of the property and purpose of the rental purchase arrangement
3. Definitions: Definitions of key terms used throughout the agreement including Property, Rental Period, Purchase Price, Rental Payments, etc.
4. Property Details: Detailed description of the property subject to the rental purchase agreement
5. Term of Agreement: Duration of the rental period and conditions for exercising the purchase option
6. Rental Payments: Amount, frequency, and method of rental payments, including how payments contribute to the purchase price
7. Purchase Option: Terms and conditions for exercising the purchase option, including purchase price and credit for rental payments
8. Maintenance and Repairs: Responsibilities for property maintenance, repairs, and improvements during the rental period
9. Insurance and Risk: Requirements for insurance coverage and allocation of risk during the rental period
10. Default and Termination: Events of default, consequences, and termination procedures
11. Assignment and Subletting: Restrictions on assignment and subletting of the property
12. Notices: Methods and addresses for formal communications between parties
13. Governing Law: Specification of Australian law as governing law and jurisdiction
14. General Provisions: Standard boilerplate clauses including entire agreement, amendments, and severability
1. Property Access: Include when there are specific requirements or restrictions regarding access to the property, such as for inspections or maintenance
2. Utilities and Outgoings: Include when there needs to be clear allocation of responsibility for utilities, council rates, and other ongoing costs
3. Improvements and Alterations: Include when the agreement needs to address the renter's right to make improvements or alterations to the property
4. Early Purchase Option: Include when offering the option to purchase before the end of the rental term
5. Guarantor Provisions: Include when a guarantor is required to secure the agreement
6. Strata Title Provisions: Include when the property is part of a strata scheme
7. GST Provisions: Include when either party is registered for GST and the transaction has GST implications
1. Schedule 1 - Property Description: Detailed description of the property including any fixtures, fittings, and inclusions
2. Schedule 2 - Payment Schedule: Detailed breakdown of rental payments, purchase price, and how rental payments are credited
3. Schedule 3 - Condition Report: Detailed report on the condition of the property at the commencement of the agreement
4. Schedule 4 - Special Conditions: Any special conditions or variations to the standard terms
5. Appendix A - Required Insurance Coverage: Details of required insurance coverage during the rental period
6. Appendix B - Maintenance Schedule: Schedule of required maintenance and servicing obligations
7. Appendix C - Purchase Option Notice: Form of notice to be used when exercising the purchase option
Business Day
Commencement Date
Completion
Condition Report
Default Event
Default Interest Rate
Deposit
Due Date
Effective Date
Encumbrance
Exercise Notice
Exercise Period
Fixtures and Fittings
GST
Guarantor
Included Items
Initial Term
Insurance Requirements
Law
Maintenance Schedule
Option Fee
Option Period
Option to Purchase
Outstanding Balance
Owner
Party/Parties
Payment Schedule
Permitted Use
Property
Purchase Price
Purchaser
Rental Payment
Rental Period
Rental Purchase Price
Required Insurances
Settlement Date
Special Conditions
Term
Title Documents
Total Purchase Amount
Transfer Date
Utilities
Property Description
Term and Duration
Rental Payments
Purchase Option
Title and Ownership
Condition and Inspection
Maintenance and Repairs
Insurance Requirements
Risk and Liability
Default and Remedies
Assignment and Subletting
Access Rights
Utilities and Outgoings
Property Use
Improvements and Alterations
Compliance with Laws
GST
Security and Deposit
Force Majeure
Termination
Dispute Resolution
Notices
Costs and Stamp Duty
Guarantees
Warranties
Indemnification
Confidentiality
Severability
Entire Agreement
Governing Law
Variation and Amendment
Further Assurance
Time of Essence
Waiver
Real Estate
Property Development
Financial Services
Asset Finance
Equipment Leasing
Retail
Commercial Property
Residential Property
Agricultural
Industrial
Legal
Finance
Property Management
Risk and Compliance
Operations
Commercial
Business Development
Asset Management
Credit Assessment
Contract Administration
Legal Counsel
Property Manager
Finance Manager
Real Estate Agent
Contract Administrator
Risk Manager
Compliance Officer
Business Development Manager
Asset Manager
Operations Manager
Commercial Director
Chief Financial Officer
Property Developer
Leasing Manager
Credit Manager
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