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1. Parties: Identification of the Lessor/Option Grantor and Lessee/Option Holder with complete details
2. Background: Context of the agreement, property description, and purpose of the arrangement
3. Definitions: Key terms used throughout the agreement including Property, Option Period, Purchase Price, etc.
4. Lease Terms: Core lease provisions including rent, duration, maintenance responsibilities, and utility payments
5. Option Grant: Terms of the option to purchase, including the option fee and how it's exercised
6. Option Period: Duration of the option and any extension provisions
7. Purchase Price: Agreed purchase price for the property if option is exercised and any adjustment mechanisms
8. Exercise of Option: Process and requirements for exercising the option to purchase
9. Property Condition: Current condition of property and any repair/maintenance obligations
10. Insurance and Risk: Insurance requirements and allocation of risk during lease period
11. Default and Remedies: Consequences of default under either lease or option terms
12. Notices: Communication requirements and contact details
13. Governing Law: Confirmation of Pakistani law governance and jurisdiction
14. Execution: Signature blocks and attestation requirements
1. Islamic Compliance Declaration: Statement confirming compliance with Islamic principles, recommended for transactions involving Muslim parties
2. Property Improvements: Terms regarding any improvements lessee may make and their impact on purchase price, include if improvements are anticipated
3. Assignment and Subletting: Terms regarding transfer of rights, include if either party might need to transfer rights
4. Option Premium Credit: Terms for applying lease payments toward purchase price, include if agreed
5. Due Diligence: Terms for property inspection and title review, include for higher-value properties
6. Broker Representation: Details of any broker involvement and commission arrangements, include if brokers are involved
7. Force Majeure: Provisions for unforeseen circumstances affecting performance, recommended for longer-term agreements
1. Property Description: Detailed legal description of the property including boundaries and registration details
2. Rent Schedule: Detailed breakdown of rent payments including due dates and escalation terms
3. Inventory List: List of any furnishings or equipment included in the lease/sale
4. Condition Report: Detailed report of property condition at lease commencement
5. Payment Terms: Detailed breakdown of option fee, purchase price, and any credit mechanisms
6. Required Repairs: List of any repairs or improvements required by either party
7. Property Documents: List of title documents, permits, and certificates related to the property
Property
Lease Term
Commencement Date
Option Period
Option Fee
Purchase Price
Exercise Notice
Completion Date
Rent
Security Deposit
Permitted Use
Option Exercise Date
Common Areas
Force Majeure
Business Day
Applicable Laws
Encumbrances
Improvement
Initial Condition
Lease Year
Maintenance Charges
Material Breach
Occupancy Date
Option Exercise Price
Parties
Payment Date
Property Documents
Registration Authority
Relevant Authority
Stamp Duty
Tenancy Period
Title Documents
Transfer Deed
Utilities
Valuation Report
Working Hours
Zoning Laws
Default Event
Due Diligence Period
Option Grant
Rent Payment
Security Deposit
Option Fee
Purchase Price
Property Use
Maintenance and Repairs
Insurance
Property Access
Utilities and Services
Assignment and Subletting
Default and Remedies
Force Majeure
Title and Ownership
Property Condition
Registration and Stamp Duty
Improvements
Termination
Option Exercise
Due Diligence
Representations and Warranties
Notices
Governing Law
Dispute Resolution
Islamic Law Compliance
Broker Commission
Property Inspection
Risk Allocation
Indemnification
Severability
Entire Agreement
Amendment
Time of Essence
Further Assurance
Costs and Expenses
Real Estate
Legal Services
Property Development
Banking and Finance
Construction
Retail
Hospitality
Commercial Property
Residential Property
Professional Services
Legal
Real Estate
Property Management
Compliance
Risk Management
Facilities Management
Business Development
Operations
Finance
Asset Management
Real Estate Lawyer
Property Manager
Real Estate Agent
Legal Counsel
Compliance Officer
Real Estate Developer
Property Investment Manager
Leasing Manager
Asset Manager
Contract Administrator
Business Development Manager
Facilities Manager
Real Estate Broker
Property Consultant
Risk Manager
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