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Lease And Purchase Agreement
"I need a Lease and Purchase Agreement for a commercial property in Singapore's CBD area, with an initial 2-year lease starting March 2025 and an option to purchase at a pre-agreed price of $2.5M at the end of the lease term."
1. Parties: Identification and details of the lessor and lessee/purchaser
2. Background: Context of the transaction and property details
3. Definitions: Key terms used tHRoughout the agreement
4. Property Description: Detailed description of the property including address and specifications
5. Lease Terms: Duration, rent, payment terms, and lease conditions
6. Purchase Terms: Purchase price, payment schedule, and completion date
7. Representations and Warranties: Legal assurances from both parties
8. Governing Law: Specification of Singapore law as governing law
1. Option to Purchase: Terms for exercising purchase option during or after the lease period
2. Renovation Clause: Terms and conditions for property modifications and improvements
3. Property Management: Management and maintenance responsibilities in managed developments
1. Property Floor Plan: Detailed layout and measurements of the property
2. Inventory List: Comprehensive list of fixtures, fittings and furnishings included in the lease/sale
3. Payment Schedule: Detailed breakdown of payment terms, including lease payments and purchase installments
4. Property Title Documents: Copies of relevant title documents and certificates
5. Condition Report: Detailed documentation of property condition at handover
Authors
Property
Lease Term
Commencement Date
Completion Date
Purchase Price
Lease Payment
Deposit
Option Period
Permitted Use
Common Areas
Fixtures and Fittings
Business Day
GST
Lessor
Lessee
Purchaser
Vendor
Title Documents
Encumbrances
Force Majeure
Completion
Vacant Possession
Purchase Option
Option Fee
Exercise Notice
Security Deposit
Stamp Duty
Maintenance Charges
Property Tax
Renovation Works
Working Days
Utilities
Building Management
Strata Title
Valuation
Defects
Interest Rate
Default
Representations and Warranties
Lease Terms
Purchase Option
Rent and Payment
Security Deposit
Purchase Price
Completion
Title and Ownership
Representations and Warranties
Condition of Property
Permitted Use
Maintenance and Repairs
Insurance
Property Tax
Utilities
Alterations and Improvements
Assignment and Subletting
Default and Remedies
Force Majeure
Notices
Quiet Enjoyment
Access Rights
Termination
Option Exercise
Stamp Duty
GST
Costs and Expenses
Governing Law
Dispute Resolution
Entire Agreement
Severability
Indemnification
Confidentiality
Environmental Compliance
Health and Safety
Building Rules
Registration
Variation
Waiver
Time of Essence
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