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Lease Agreement Sale Of Property
"I need a Lease Agreement Sale Of Property for our manufacturing facility in Zurich, where we're selling the property to an investment fund for 5 million CHF but want to continue operating there as tenants for 10 years starting March 2025, with an option to extend for two additional 5-year terms."
1. Parties: Identification and details of the seller/landlord and buyer/tenant, including full legal names, addresses, and registration details for legal entities
2. Background: Context of the transaction, including brief property history and purpose of the agreement
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Description: Detailed description of the property, including address, land registry details, and included fixtures and fittings
5. Purchase Price and Payment Terms: Sale price, payment schedule, deposit requirements, and payment methods
6. Lease Terms: Duration of lease, rent amount, payment schedule, and rent review provisions
7. Conditions Precedent: Conditions that must be met before the sale and lease become effective
8. Completion Requirements: Steps required for completion of the sale and commencement of the lease
9. Property Usage: Permitted use of the property and any restrictions
10. Maintenance and Repairs: Responsibilities for property maintenance and repairs during the lease period
11. Insurance: Insurance requirements for both parties
12. Termination: Circumstances and procedures for terminating the lease
13. Representations and Warranties: Statements and guarantees made by both parties
14. Governing Law and Jurisdiction: Confirmation of Swiss law application and jurisdiction
15. Notices: Process for formal communications between parties
16. Signatures: Execution blocks for all parties and witnesses
1. Foreign Ownership Provisions: Required when buyer is a foreign national, addressing Lex Koller requirements
2. Environmental Provisions: Required when property has specific environmental considerations or contamination history
3. Mortgage Provisions: Include when purchase involves mortgage financing
4. Subletting Rights: Include when tenant requires right to sublet
5. Property Management: Include when specific property management arrangements are needed
6. Development Rights: Include when property has development potential or restrictions
7. Break Clause: Optional provisions for early termination of the lease
8. VAT Elections: Required when transaction is subject to VAT
9. Service Charge Provisions: Include for properties with shared facilities or services
1. Property Plan: Detailed plans and drawings of the property
2. Inventory: List of included fixtures, fittings, and furnishings
3. Land Registry Extract: Official extract from the Swiss land registry
4. Condition Report: Detailed report on property condition at sale/lease commencement
5. Service Charges: Breakdown of service charges and allocation method
6. Building Regulations: Specific building rules and regulations
7. Insurance Certificates: Copies of required insurance policies
8. Environmental Reports: Any environmental surveys or assessments
9. Payment Schedule: Detailed schedule of payment dates and amounts
10. Permitted Alterations: Specifications of allowed modifications to the property
Authors
Real Estate
Property Development
Banking & Finance
Legal Services
Insurance
Construction
Property Management
Hospitality
Retail
Manufacturing
Professional Services
Agriculture
Legal
Real Estate
Finance
Operations
Facilities Management
Risk & Compliance
Treasury
Corporate Development
Asset Management
Property Management
Real Estate Director
Property Manager
Legal Counsel
Corporate Lawyer
Chief Financial Officer
Facilities Manager
Asset Manager
Investment Manager
Commercial Director
Operations Director
Risk Manager
Company Secretary
Treasury Manager
Real Estate Investment Officer
Property Development Manager
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