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Lease Agreement For Sale
"I need a Lease Agreement For Sale for a commercial warehouse in Riyadh, with a 24-month lease period starting March 1, 2025, and purchase option exercisable after 18 months, including special provisions for tenant improvements and industrial use permissions."
1. Parties: Identification of the Lessor/Seller and Lessee/Buyer with full legal names and details
2. Background: Context of the agreement, including property overview and intention to transfer ownership
3. Definitions: Key terms used throughout the agreement including Property, Lease Period, Purchase Price, etc.
4. Lease Terms: Duration of lease, rental payments, and maintenance responsibilities during lease period
5. Purchase Option: Terms and conditions for exercising the purchase option, including price and deadline
6. Payment Structure: Breakdown of payments, including rent credits toward purchase, deposit requirements
7. Property Transfer Mechanism: Process and conditions for transferring property ownership upon exercise of purchase option
8. Maintenance and Repairs: Responsibilities for property maintenance during lease period and transition
9. Insurance and Risk: Insurance requirements and allocation of risk during lease period
10. Default and Remedies: Consequences of default by either party and available remedies
11. Representations and Warranties: Statements of fact and promises by both parties regarding property and capacity
12. Termination: Circumstances under which the agreement may be terminated and consequences
13. Governing Law: Specification of Saudi law and Sharia principles as governing law
14. Dispute Resolution: Process for resolving disputes, including jurisdiction and venue
1. Property Management: Required for multi-unit properties or when professional management is involved
2. Refinancing Provisions: Include when buyer may need to arrange financing to complete purchase
3. Early Purchase Option: Include when allowing purchase before end of standard lease term
4. Property Development: Required when property is under construction or development
5. Multiple Occupancy: Include when property may have multiple occupants or subtenants
6. Special Use Provisions: Include for commercial properties or specific use requirements
7. Environmental Matters: Required for industrial properties or properties with environmental concerns
1. Schedule 1 - Property Description: Detailed description of property including location, boundaries, and specifications
2. Schedule 2 - Payment Schedule: Detailed breakdown of all payments including rent, purchase price, and credit calculations
3. Schedule 3 - Property Condition Report: Initial condition assessment and documentation of property
4. Schedule 4 - Permitted Use: Specific terms regarding allowed use of property during lease period
5. Schedule 5 - Required Insurance: Detailed insurance requirements and specifications
6. Appendix A - Required Documentation: List of documents required for property transfer
7. Appendix B - Property Title Documents: Copies of relevant title documents and certificates
8. Appendix C - Maintenance Schedule: Detailed maintenance requirements and schedules
Authors
Property
Effective Date
Commencement Date
Completion Date
Lease Period
Purchase Option Period
Lessor
Lessee
Purchase Price
Rental Payment
Security Deposit
Purchase Option
Option Exercise Notice
Transfer Date
Permitted Use
Common Areas
Maintenance
Major Repairs
Force Majeure
Business Day
Applicable Law
Sharia Principles
Title Deed
Property Registration
Default Event
Remedies
Insurance Requirements
Improvements
Fixtures and Fittings
Occupants
Transfer Documents
Purchase Credit
Monthly Installments
Registration Fees
Maintenance Charges
Service Charges
Property Manager
Possession Date
Utility Services
Governing Authority
Rental Credit
Option Deposit
Transfer Procedures
Completion Requirements
Warranties
Term
Termination Date
Default Notice
Property Title
Definitions
Property Description
Lease Terms
Purchase Option
Payment Terms
Rent to Purchase Credit
Property Transfer
Title and Ownership
Maintenance and Repairs
Insurance
Property Use
Alterations and Improvements
Assignment and Subletting
Default and Remedies
Force Majeure
Representations and Warranties
Indemnification
Property Access
Utilities and Services
Notices
Registration Requirements
Compliance with Laws
Dispute Resolution
Governing Law
Termination
Handover
Property Condition
Environmental Matters
Security Deposit
Option Exercise
Transfer Costs
Risk of Loss
Islamic Finance Compliance
Property Management
Inspection Rights
Renewal Options
Early Purchase Rights
Default Interest
Recording and Registration
Severability
Entire Agreement
Amendment
Survival
Time of Essence
Further Assurances
Real Estate
Residential Property
Commercial Property
Industrial Property
Retail
Office Space
Manufacturing
Warehouse and Logistics
Healthcare Facilities
Educational Facilities
Hospitality
Mixed-Use Development
Legal
Real Estate
Property Management
Compliance
Finance
Operations
Facilities Management
Asset Management
Risk Management
Commercial Operations
Investment
Administration
Real Estate Manager
Property Manager
Legal Counsel
Contracts Manager
Real Estate Agent
Property Developer
Facility Manager
Asset Manager
Investment Manager
Compliance Officer
Finance Manager
Property Administrator
Real Estate Investment Officer
Leasing Manager
Commercial Director
Operations Manager
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