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Business Lease Purchase Agreement
"I need a Business Lease Purchase Agreement for a retail space in Makati City, Philippines, with a 2-year initial lease period starting March 1, 2025, and an option to purchase the property at a pre-agreed price of 25 million pesos at the end of the lease term."
1. Parties: Identification of the lessor/seller and lessee/buyer, including complete business details and authorized representatives
2. Background: Context of the agreement, including property description and purpose of the lease-purchase arrangement
3. Definitions: Definitions of key terms used throughout the agreement
4. Lease Term: Duration of the lease period before purchase option can be exercised
5. Rent and Purchase Price: Detailed breakdown of rental payments, purchase price, and how rental payments contribute to the purchase
6. Payment Terms: Schedule of payments, payment methods, and consequences of default
7. Purchase Option: Terms and conditions for exercising the purchase option, including notice requirements and deadline
8. Property Condition and Maintenance: Description of property condition, maintenance responsibilities, and permitted modifications
9. Use of Property: Permitted business uses and restrictions on property use
10. Insurance and Risk: Insurance requirements and allocation of risk between parties
11. Default and Remedies: Events of default and available remedies for both parties
12. Assignment and Subletting: Restrictions and conditions for assignment or subletting
13. Governing Law: Specification of Philippine law as governing law and jurisdiction
14. Execution: Signature blocks and notarization requirements
1. Broker Representation: Include when real estate brokers are involved in the transaction
2. Environmental Matters: Include for properties with potential environmental concerns or compliance requirements
3. Improvements and Fixtures: Include when significant improvements or fixtures are part of the agreement
4. Due Diligence: Include when buyer requires specific due diligence period or conditions
5. Property Management: Include when specific property management arrangements are needed during lease period
6. Tax Provisions: Include detailed tax arrangements when complex tax implications exist
7. Force Majeure: Include specific force majeure provisions beyond standard cases
8. Early Purchase Option: Include when early purchase is allowed with specific terms
1. Schedule A - Property Description: Detailed legal description of the property and included fixtures
2. Schedule B - Payment Schedule: Detailed breakdown of rental payments and purchase price calculations
3. Schedule C - Condition Report: Initial property condition assessment and photographs
4. Schedule D - Permitted Uses: Detailed list of permitted business activities and restrictions
5. Schedule E - Insurance Requirements: Specific insurance coverage requirements and minimum amounts
6. Appendix 1 - Property Plans: Floor plans, site plans, and relevant property drawings
7. Appendix 2 - Certificates: Relevant certificates including land title, permits, and licenses
8. Appendix 3 - Environmental Reports: Environmental assessments or compliance certificates if applicable
Authors
Business Day
Commencement Date
Common Areas
Completion Date
Condition Precedent
Default Interest Rate
Deposit
Due Diligence Period
Effective Date
Environmental Laws
Exercise Notice
Exercise Period
Fixtures and Fittings
Force Majeure Event
Improvements
Initial Term
Lease Period
Lease Payments
Lessee/Buyer
Lessor/Seller
Maintenance Charges
Option Fee
Option Period
Option to Purchase
Permitted Use
Premises
Property
Purchase Option
Purchase Price
Rent
Security Deposit
Service Charges
Substantial Damage
Term
Title Documents
Transfer Date
Utilities
VAT
Working Hours
Property Access and Use
Option to Purchase
Purchase Price
Maintenance and Repairs
Insurance
Utilities and Services
Assignment and Subletting
Default and Remedies
Force Majeure
Property Condition
Alterations and Improvements
Compliance with Laws
Environmental Compliance
Representations and Warranties
Indemnification
Security Deposit
Taxes and Assessments
Notice Requirements
Dispute Resolution
Governing Law
Termination
Property Inspection
Title and Ownership
Risk and Liability
Permitted Use
Operating Expenses
Registration and Stamp Duty
Severability
Entire Agreement
Amendment and Modification
Confidentiality
Authority and Capacity
Waiver
Time of Essence
Real Estate
Retail
Manufacturing
Hospitality
Healthcare
Professional Services
Logistics and Warehousing
Technology
Food and Beverage
Education
Financial Services
Legal
Finance
Operations
Real Estate
Facilities Management
Risk and Compliance
Procurement
Business Development
Corporate Affairs
Administration
Chief Executive Officer
Chief Financial Officer
Real Estate Manager
Property Manager
Legal Counsel
Corporate Lawyer
Business Development Manager
Operations Director
Facility Manager
Commercial Director
Risk Manager
Finance Director
Procurement Manager
Business Owner
Managing Director
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