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Lease Agreement With Option To Purchase
1. Parties: Identification of the lessor/potential seller and lessee/potential buyer, including full legal names, addresses, and registration numbers if applicable
2. Background: Context of the agreement, including brief description of the property and the parties' intention to enter into a lease with purchase option
3. Definitions: Definitions of key terms used throughout the agreement, including 'Property', 'Lease Period', 'Option Period', 'Purchase Price', etc.
4. Property Description: Detailed description of the leased property, including address, land registry details, and included fixtures and fittings
5. Lease Terms: Core lease provisions including duration, rent amount, payment terms, and deposit requirements
6. Purchase Option Terms: Detailed terms of the purchase option, including option period, purchase price or calculation method, and exercise procedure
7. Maintenance and Repairs: Responsibilities for property maintenance, repairs, and improvements during the lease period
8. Insurance and Liability: Requirements for property insurance and allocation of liability between parties
9. Utilities and Operating Costs: Responsibility for utility payments and other operating costs during the lease period
10. Option Exercise Procedure: Detailed process for exercising the purchase option, including notice requirements and completion timeframe
11. Default and Remedies: Consequences of default under either the lease or option provisions and available remedies
12. Termination: Conditions and procedures for termination of the lease and/or purchase option
13. Notices: Requirements for formal communications between parties
14. Governing Law and Jurisdiction: Confirmation of Danish law application and jurisdiction for disputes
15. Signatures: Execution blocks for all parties and witnesses if required
1. Rent Credit Towards Purchase: Used when a portion of rent payments will be credited towards the purchase price if option is exercised
2. Property Improvements: Used when the lessee is permitted to make improvements to the property, including terms for compensation or credit towards purchase price
3. Subletting Provisions: Used when subletting might be permitted during the lease period
4. Early Purchase Option: Used when the option can be exercised before the end of the lease term under specific conditions
5. Mortgage Contingency: Used when the purchase option exercise is contingent on the lessee obtaining suitable financing
6. Property Management: Used for larger properties requiring specific management arrangements during the lease period
7. Environmental Provisions: Used when there are specific environmental concerns or requirements for the property
1. Property Details Schedule: Detailed technical description of the property, including floor plans, land registry details, and included fixtures
2. Condition Report: Detailed report on the condition of the property at lease commencement
3. Rent Payment Schedule: Detailed breakdown of rent payments, including any scheduled increases
4. Purchase Price Calculation: Formula or method for calculating the final purchase price, including any rent credits
5. Maintenance Schedule: Detailed breakdown of maintenance responsibilities between lessor and lessee
6. Insurance Requirements: Specific insurance requirements and minimum coverage levels
7. Permitted Improvements Schedule: List of improvements that the lessee is permitted to make to the property
8. Property Rules and Regulations: Specific rules governing the use of the property during the lease period
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