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1. Parties: Identification of the Owner/Lessor and the Tenant/Potential Purchaser, including full legal names, Qatar ID numbers, and contact details
2. Background: Context of the agreement, including property details and the intention to combine lease with future purchase option
3. Definitions: Key terms used throughout the agreement, including Purchase Option, Option Fee, Purchase Price, Rent Credits, etc.
4. Property Description: Detailed description of the property including location, size, and registration details as per Qatar property records
5. Lease Terms: Duration of lease, monthly rent amount, payment terms, and maintenance responsibilities
6. Purchase Option Terms: Details of the option to purchase, including option period, exercise process, and purchase price calculation
7. Rent Credits: Specification of how rental payments contribute to the eventual purchase price
8. Property Maintenance and Repairs: Responsibilities for maintenance, repairs, and improvements during the lease period
9. Insurance Requirements: Required insurance coverage for both parties during the lease and purchase option period
10. Default and Remedies: Consequences of default in rent payment or breach of agreement terms
11. Exercise of Purchase Option: Process and requirements for exercising the purchase option
12. Transfer of Title: Procedures for property transfer upon successful exercise of purchase option
13. Governing Law and Jurisdiction: Specification of Qatar law as governing law and Qatar courts' jurisdiction
1. Early Purchase Option: Terms for exercising the purchase option before the scheduled date, used when early purchase is permitted
2. Property Management: Details of property management arrangements, needed for properties in managed communities
3. Financing Arrangements: Terms related to third-party financing, included when bank financing is part of the arrangement
4. Subletting Provisions: Terms governing subletting rights, included if subletting is to be permitted
5. Property Modifications: Terms for allowing and managing property modifications, needed for properties requiring renovation
6. Option Transfer Rights: Terms for transferring the purchase option to third parties, included if transfer rights are granted
7. Force Majeure: Provisions for unforeseen circumstances affecting the agreement, included for longer-term agreements
1. Schedule 1 - Property Details: Detailed property specification, including floor plans and boundaries
2. Schedule 2 - Rent Payment Schedule: Monthly rent amounts and payment dates throughout the lease term
3. Schedule 3 - Purchase Price Calculation: Formula and details for calculating final purchase price, including rent credits
4. Schedule 4 - Property Condition Report: Initial condition assessment and photographic evidence of property state
5. Schedule 5 - Maintenance Responsibilities: Detailed breakdown of maintenance and repair responsibilities
6. Appendix A - Required Documentation: List of documents required for lease and eventual purchase
7. Appendix B - Property Title Documents: Copies of current property title and registration documents
8. Appendix C - Payment Records: Template for tracking rent payments and purchase price credits
Property
Commencement Date
Completion Date
Lease Term
Monthly Rent
Option Period
Option Fee
Purchase Option
Purchase Price
Rent Credits
Security Deposit
Lessor
Lessee
Common Areas
Maintenance Charges
Default Event
Force Majeure
Option Exercise Notice
Property Title
Registration Authority
Permitted Use
Building
Transfer Date
Utilities
Service Charges
Occupancy Certificate
Initial Condition Report
Property Manager
Financing Institution
Applicable Laws
Business Day
Completion Notice
Due Diligence Period
Maintenance Obligations
Payment Date
Purchase Deposit
Registration Fees
Transfer Costs
Warranties
Lease Term
Rent Payment
Security Deposit
Purchase Option
Option Exercise
Property Use
Maintenance and Repairs
Insurance
Utilities and Services
Default and Remedies
Assignment and Subletting
Property Access
Representations and Warranties
Force Majeure
Notices
Governing Law
Dispute Resolution
Title Transfer
Registration
Termination
Property Condition
Alterations and Improvements
Compliance with Laws
Risk and Liability
Payment Terms
Option Price Calculation
Rent Credit
Property Inspection
Environmental Compliance
Indemnification
Severability
Entire Agreement
Amendment
Confidentiality
Recording and Registration
Time Essence
Successors and Assigns
Survival
Costs and Expenses
Real Estate
Property Development
Banking and Finance
Legal Services
Property Management
Construction
Real Estate Investment
Housing Development
Islamic Finance
Legal
Real Estate
Property Management
Finance
Compliance
Operations
Investment
Asset Management
Risk Management
Contract Administration
Real Estate Manager
Property Development Director
Legal Counsel
Contract Manager
Property Manager
Financial Controller
Real Estate Agent
Compliance Officer
Investment Manager
Housing Development Manager
Asset Manager
Real Estate Operations Director
Leasing Manager
Corporate Lawyer
Finance Director
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