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Rent To Buy Agreement
I need a Rent to Buy Agreement for a commercial property in Copenhagen, where the tenant will rent for 18 months starting March 2025, with 75% of the rent counting towards the final purchase price and an option to purchase at any time during the rental period.
1. Parties: Identification of the property owner/seller and tenant/buyer, including full legal names, addresses, and registration numbers if applicable
2. Background: Context of the agreement, including property details and the parties' intention to enter into a rent-to-buy arrangement
3. Definitions: Key terms used throughout the agreement, including 'Rental Period', 'Purchase Option', 'Purchase Price', 'Rent Credits', etc.
4. Property Description: Detailed description of the property, including address, land registry details, and included fixtures/fittings
5. Rental Terms: Terms of the rental phase, including rent amount, payment dates, and duration
6. Rent Credits: Specification of how rental payments contribute to the purchase price, including calculation method and conditions
7. Purchase Option: Terms for exercising the purchase option, including notice requirements and conditions precedent
8. Purchase Price: Agreed purchase price, including any adjustments and how rent credits are applied
9. Maintenance and Repairs: Responsibilities for property maintenance during the rental period and implications for the purchase
10. Insurance and Risk: Insurance requirements and allocation of risk during both rental and purchase phases
11. Default and Termination: Consequences of default during rental period and impact on purchase option
12. Completion of Purchase: Process and requirements for completing the property purchase
13. Notices: Methods and addresses for formal communications between parties
14. Governing Law: Confirmation of Danish law as governing law and jurisdiction
1. Mortgage Arrangements: Details of any pre-arranged mortgage financing or requirements, used when seller is assisting with financing
2. Property Management: Additional terms for property management during rental period, used for larger properties or those with shared facilities
3. Improvements and Alterations: Terms for tenant improvements and how they affect purchase price, used when renovations are anticipated
4. Assignment and Subletting: Terms regarding transfer of rights, used when flexibility might be needed
5. Environmental Matters: Specific environmental obligations or concerns, used for properties with known environmental issues
6. Property Association Terms: Terms relating to property associations or communities, used for properties within managed communities
1. Schedule 1 - Property Details: Detailed property specification, including floor plans and land registry information
2. Schedule 2 - Rent Payment Schedule: Detailed breakdown of rental payments and how they accumulate as purchase credits
3. Schedule 3 - Property Condition Report: Initial condition report with photographs and noted defects
4. Schedule 4 - Permitted Alterations: List of alterations the tenant is permitted to make during the rental period
5. Schedule 5 - Purchase Price Calculation: Detailed methodology for calculating final purchase price, including rent credits
6. Appendix A - Property Certificates: Energy performance certificate and other required property certificates
7. Appendix B - Insurance Requirements: Detailed insurance requirements for both rental and purchase phases
Authors
Property
Completion Date
Commencement Date
Rental Period
Option Period
Purchase Option
Purchase Price
Initial Deposit
Monthly Rent
Rent Credit
Accumulated Rent Credits
Final Purchase Sum
Property Register (Tingbog)
Land Registry Number (Matrikelnummer)
Permitted Use
Working Day
Completion Notice
Option Notice
Service Charges
Utilities
Common Areas
Fixtures and Fittings
Maintenance Obligations
Major Repairs
Minor Repairs
Insurance Requirements
Environmental Matters
Property Condition Report
Default Event
Force Majeure
Permitted Alterations
Transfer Deed (Skøde)
Mortgage (Realkreditlån)
Registration Fees (Tinglysningsafgift)
Property Tax (Ejendomsskat)
Buyer's Survey
Completion Requirements
Property Description
Term and Duration
Rental Payments
Rent Credits
Purchase Option
Purchase Price
Deposit and Pre-payments
Property Use
Maintenance and Repairs
Alterations and Improvements
Insurance
Assignment and Subletting
Default and Remedies
Force Majeure
Property Access
Utilities and Services
Environmental Compliance
Risk and Liability
Property Inspection
Title and Registration
Mortgages and Charges
Representations and Warranties
Taxation
Completion Requirements
Transfer of Ownership
Termination
Dispute Resolution
Notices
Governing Law
Entire Agreement
Severability
Costs and Expenses
Real Estate
Property Development
Residential Property
Commercial Property
Property Management
Financial Services
Legal Services
Construction
Housing Associations
Legal
Real Estate
Property Management
Finance
Compliance
Operations
Risk Management
Commercial
Facilities
Business Development
Asset Management
Property Manager
Real Estate Agent
Legal Counsel
Property Developer
Housing Association Manager
Financial Advisor
Mortgage Broker
Property Investment Manager
Facilities Manager
Contract Manager
Real Estate Portfolio Manager
Property Acquisition Manager
Tenant Relations Manager
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