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1. Parties: Identification of the lessor/seller and lessee/buyer with full legal names and addresses
2. Background: Context of the agreement and brief description of the property and transaction structure
3. Definitions: Key terms used throughout the agreement including Purchase Price, Rental Payments, Option Price, etc.
4. Property Description: Detailed description of the property including address, land register details, and specifications
5. Rental Terms: Monthly rental payment amount, due dates, payment methods, and rental period
6. Purchase Option Terms: Conditions for exercising the purchase option, including timing and notice requirements
7. Purchase Price and Credit: Total purchase price, credit of rental payments towards purchase, and final payment calculations
8. Maintenance and Repairs: Responsibilities for property maintenance, repairs, and improvements during the rental period
9. Insurance and Risk: Required insurance coverage and allocation of risk during the rental period
10. Default and Termination: Consequences of payment default, conditions for termination, and effects on purchase option
11. Transfer of Ownership: Process and conditions for transferring property ownership upon exercise of purchase option
12. Taxes and Costs: Allocation of property taxes, transfer taxes, and transaction costs
13. Notices: Communication requirements and contact details for formal notices
14. Governing Law: Specification of German law application and jurisdiction
1. Property Management: Required when the property is part of a larger complex with shared management responsibilities
2. Subletting Provisions: Include when subletting might be permitted under specific conditions
3. Renovation Rights: Include when specific renovation or modification rights are granted to the lessee
4. Early Purchase Option: Include when offering the option to purchase before the standard option period
5. Homeowners Association: Required when the property is subject to WEG (Wohnungseigentumsgesetz) regulations
6. Mortgage Arrangements: Include when existing mortgages need to be addressed or new financing is part of the purchase option
7. Death or Incapacity Provisions: Include when specific succession or disability provisions are needed
8. Commercial Use Provisions: Required when the property may be used for commercial purposes
1. Property Details Schedule: Detailed property specifications, including floor plans, boundaries, and included fixtures
2. Payment Schedule: Detailed breakdown of monthly payments, purchase price calculations, and credit applications
3. Condition Report: Initial property condition documentation with photographs and descriptions
4. Maintenance Schedule: Detailed listing of maintenance responsibilities and schedules
5. Insurance Requirements: Specific insurance requirements and minimum coverage details
6. Property Rules: Building rules, usage restrictions, and regulations if part of a larger complex
7. Handover Protocol: Template for property handover documentation at the start of rental and upon purchase
8. Land Register Extract: Current extract from the land register (Grundbuchauszug)
Property
Commencement Date
Completion Date
Lease Term
Option Period
Purchase Option
Purchase Price
Initial Payment
Monthly Rental Payment
Purchase Option Price
Rental Credit
Deposit
Permitted Use
Property Manager
Common Areas
Maintenance Charges
Insurance Requirements
Operating Expenses
Purchase Notice
Transfer Date
Due Diligence Period
Land Register (Grundbuch)
Notarial Deed (Notarielle Urkunde)
Real Estate Transfer Tax (Grunderwerbsteuer)
Building Rules (Hausordnung)
Ancillary Costs (Nebenkosten)
Handover Protocol (Übergabeprotokoll)
Defects (Mängel)
Force Majeure
Business Day
Interest Rate
Security Interest
Title Documents
Utilities
Improvements
Fixtures and Fittings
Required Insurances
Default Event
Termination Notice
Guarantor
Encumbrances
Registration Costs
Purchase Option Exercise Notice
Property Taxes
Early Purchase Option
Property Description
Term and Duration
Rental Payments
Purchase Option
Purchase Price
Payment Terms
Rental Credit
Property Use
Maintenance and Repairs
Insurance
Property Taxes
Utilities and Operating Expenses
Assignment and Subletting
Default and Remedies
Termination
Property Transfer
Title and Ownership
Representations and Warranties
Due Diligence
Risk Transfer
Force Majeure
Notices
Amendment and Modification
Severability
Entire Agreement
Governing Law
Dispute Resolution
Registration and Notarization
Costs and Expenses
Indemnification
Succession and Assignment
Compliance with Laws
Access and Inspection
Property Management
Environmental Matters
Permitted Alterations
Security Deposit
Early Purchase Rights
Option Exercise Procedure
Real Estate
Property Development
Residential Housing
Commercial Property
Property Management
Financial Services
Legal Services
Insurance
Construction
Property Investment
Legal
Real Estate
Property Management
Finance
Risk & Compliance
Operations
Asset Management
Investment
Facilities
Contract Administration
Business Development
Real Estate Manager
Property Manager
Legal Counsel
Contract Manager
Asset Manager
Financial Controller
Risk Manager
Compliance Officer
Real Estate Agent
Investment Manager
Property Developer
Facilities Manager
Housing Director
Real Estate Portfolio Manager
Transaction Manager
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