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Commercial Lease To Purchase Agreement
"I need a Commercial Lease to Purchase Agreement for a retail space in Makati City, Philippines, where my company will operate a high-end restaurant with the option to purchase after 2 years, starting March 2025, with monthly rental payments of 150,000 PHP to be credited towards the final purchase price."
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1. Parties: Identification of the Lessor/Seller and Lessee/Buyer with complete legal names and addresses
2. Background: Context of the agreement, including property overview and parties' intentions regarding lease-to-purchase arrangement
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Description: Detailed description of the commercial property including exact location, boundaries, and improvements
5. Lease Terms: Specific terms of the lease including duration, rental amount, payment schedule, and maintenance responsibilities
6. Purchase Option Terms: Details of the purchase option including purchase price, option period, and how rental payments apply to purchase price
7. Payment Terms: Comprehensive payment structure for both lease and purchase components, including deposit requirements
8. Use of Property: Permitted commercial uses, restrictions, and compliance requirements
9. Maintenance and Repairs: Responsibilities for property maintenance, repairs, and improvements during the lease period
10. Insurance and Taxes: Requirements for property insurance and responsibility for property taxes
11. Exercise of Purchase Option: Process and requirements for exercising the purchase option
12. Default and Remedies: Events of default and available remedies for both parties
13. Assignment and Subletting: Terms governing assignment of rights and subletting restrictions
14. Governing Law: Specification of Philippine law as governing law and jurisdiction
15. Termination: Conditions and procedures for agreement termination
16. Signatures: Execution block for all parties and witnesses
1. Broker Representation: Include when real estate brokers are involved in the transaction
2. Environmental Matters: Include for properties with potential environmental concerns or specific environmental compliance requirements
3. Tenant Improvements: Include when specific improvements by the tenant are permitted or required
4. Common Areas: Include for properties in commercial complexes with shared facilities
5. Right of First Refusal: Include if the lessee has additional rights to purchase if lessor receives other offers
6. Force Majeure: Include specific provisions for unforeseen circumstances affecting property use or payments
7. Guarantees: Include when personal or corporate guarantees are required
8. Utilities and Services: Include detailed provisions for properties with complex utility arrangements
1. Schedule A - Property Details: Detailed technical description of the property including lot plans and technical specifications
2. Schedule B - Payment Schedule: Detailed breakdown of lease payments, purchase option payments, and credit allocations
3. Schedule C - Permitted Uses: Specific list of permitted commercial activities and use restrictions
4. Schedule D - Initial Property Condition: Detailed inventory and condition report of the property at lease commencement
5. Schedule E - Required Insurance: Specific insurance requirements and coverage amounts
6. Schedule F - Maintenance Schedule: Detailed maintenance responsibilities and schedules for both parties
7. Appendix 1 - Property Title Documents: Copies of relevant property ownership documents
8. Appendix 2 - Local Authority Permits: Copies of relevant business permits and zoning clearances
Authors
Lessor
Lessee
Premises
Property
Commencement Date
Term
Base Rent
Security Deposit
Common Areas
Purchase Option
Option Period
Purchase Price
Option Fee
Rent Credit
Permitted Use
Business Day
Force Majeure
Improvements
Operating Expenses
Utilities
Default
Maintenance
Applicable Laws
Environmental Laws
Hazardous Materials
Insurance Requirements
Substantial Damage
Transfer
Notice
Assignment
Sublease
Occupancy Certificate
Local Authority
Due Diligence Period
Closing Date
Title Documents
Encumbrances
Common Charges
Property Manager
Broker
Guarantor
Gross Floor Area
Net Leasable Area
Building Rules
Zoning Requirements
Option Exercise Notice
Payment Date
Interest Rate
Taxes
Grant of Lease
Purchase Option
Rental Payments
Security Deposit
Property Use
Maintenance and Repairs
Utilities and Services
Insurance
Property Taxes
Assignment and Subletting
Alterations and Improvements
Environmental Compliance
Health and Safety
Force Majeure
Default and Remedies
Termination
Option Exercise
Title Transfer
Representations and Warranties
Indemnification
Access Rights
Common Areas
Compliance with Laws
Notices
Governing Law
Dispute Resolution
Confidentiality
Broker Provisions
Registration and Stamp Duty
Entire Agreement
Severability
Amendment
Waiver
Third Party Rights
Time of Essence
Counterparts
Survival
Retail
Office Space
Industrial
Warehousing
Manufacturing
Food and Beverage
Healthcare
Technology
Professional Services
Education
Hospitality
Entertainment
Logistics
Commercial Real Estate
Legal
Finance
Real Estate
Operations
Facilities Management
Risk Management
Procurement
Business Development
Commercial Operations
Property Management
Chief Executive Officer
Chief Financial Officer
Real Estate Manager
Property Manager
Commercial Lawyer
Business Development Manager
Facilities Manager
Operations Director
Legal Counsel
Finance Director
Commercial Director
Procurement Manager
Risk Manager
Real Estate Director
Branch Manager
Store Operations Manager
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