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Rental With Option To Buy Agreement
"I need a Rental With Option To Buy Agreement for a commercial warehouse in Zurich, with a 2-year rental period starting March 1, 2025, and an option to purchase that can be exercised after 18 months, with 50% of paid rent to be credited towards the final purchase price."
1. Parties: Identification of the landlord/seller and tenant/potential buyer, including full legal names, addresses, and any registration numbers for legal entities
2. Background: Context of the agreement, including property details and the parties' intention to enter into a rental agreement with a purchase option
3. Definitions: Definitions of key terms used throughout the agreement, including Property, Option Period, Purchase Price, and other relevant terms
4. Rental Terms: Core rental provisions including rent amount, payment terms, duration, and rental obligations
5. Property Use and Maintenance: Specifications for permitted use of the property and maintenance responsibilities of both parties
6. Option to Purchase: Detailed terms of the purchase option, including option price, exercise period, and mechanism for exercising the option
7. Purchase Price and Payment: Specification of the final purchase price, payment terms, and any rent credits applied to the purchase
8. Exercise of Option: Procedure for exercising the option, including notice requirements and completion timeframe
9. Representations and Warranties: Standard representations and warranties from both parties regarding their capacity and the property's condition
10. Default and Remedies: Consequences of default under either the rental or option aspects of the agreement
11. Insurance and Risk: Requirements for property insurance and allocation of risk during the rental period
12. Termination: Circumstances and procedures for terminating the agreement, both for the rental and option aspects
13. Notices: Requirements for formal communications between the parties
14. Governing Law and Jurisdiction: Specification of Swiss law as governing law and jurisdiction for disputes
1. Mortgage Contingency: Terms regarding the tenant/buyer's ability to secure financing, used when the purchase option is contingent on mortgage approval
2. Property Improvements: Terms governing any improvements the tenant may make to the property and how these affect the purchase price, used when improvements are anticipated
3. Assignment and Subletting: Terms regarding the tenant's ability to assign or sublet, used when these rights are being granted or specifically restricted
4. Foreign Ownership Compliance: Additional provisions required when the tenant/potential buyer is not a Swiss resident
5. Rent Credit Structure: Detailed terms of how rental payments are credited toward the purchase price, used when rent-to-own features are included
6. Property Management: Terms regarding property management during the rental period, used for larger properties or when specific management arrangements are needed
1. Schedule 1: Property Description: Detailed description of the property including address, land register details, and included fixtures and fittings
2. Schedule 2: Rental Payment Schedule: Detailed breakdown of rental payments, including due dates and payment methods
3. Schedule 3: Property Condition Report: Detailed inventory and condition report of the property at the commencement of the rental
4. Schedule 4: Purchase Price Calculation: Breakdown of the purchase price, including any adjustments and rent credits
5. Appendix A: Property Plans: Official plans and drawings of the property
6. Appendix B: Building Regulations: Relevant building regulations and restrictions affecting the property
7. Appendix C: Insurance Requirements: Detailed insurance requirements for both rental and purchase phases
Authors
Real Estate
Property Development
Banking and Financial Services
Legal Services
Insurance
Property Management
Construction
Residential Housing
Commercial Property
Retail
Hospitality
Industrial
Legal
Real Estate
Property Management
Operations
Facilities Management
Risk and Compliance
Finance
Asset Management
Business Development
Investment
Contract Administration
Real Estate Manager
Property Manager
Legal Counsel
Contract Manager
Asset Manager
Facilities Manager
Real Estate Agent
Property Developer
Commercial Director
Operations Manager
Risk Manager
Compliance Officer
Finance Manager
Investment Manager
Portfolio Manager
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