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The Option To Lease Agreement is a crucial document in Danish real estate transactions, providing flexibility and security for both property owners and potential tenants. It is commonly used when a party requires time to finalize business plans, secure financing, or obtain necessary permits before committing to a full lease agreement. The document, governed by Danish law, typically includes detailed information about the property, option fee, exercise period, and conditions precedent to exercise. It serves as a preliminary step to a full lease agreement, offering the option holder exclusive rights while protecting the property owner's interests through clearly defined terms and conditions. This agreement type is particularly valuable in commercial real estate transactions where due diligence and complex decision-making processes are required.

1. Parties: Identification of the Option Grantor (property owner) and Option Holder, including full legal names, addresses, and registration numbers for companies

2. Background: Context of the agreement, including property details and parties' intentions

3. Definitions: Definitions of key terms used throughout the agreement

4. Grant of Option: Clear statement of the option being granted and its fundamental terms

5. Option Period: Duration of the option, including start and end dates

6. Option Fee: Amount, payment terms, and whether refundable or non-refundable

7. Exercise of Option: Process and requirements for exercising the option, including notice requirements

8. Lease Terms: Key terms of the lease that will come into effect upon exercise of the option

9. Property Condition: State of the property and any conditions related to its use or maintenance during the option period

10. Representations and Warranties: Statements of fact and promises by both parties

11. Assignment and Transfer: Rights and restrictions regarding transfer of the option rights

12. Termination: Circumstances under which the agreement may be terminated

13. Notices: How formal communications between parties should be made

14. Governing Law and Jurisdiction: Confirmation of Danish law application and jurisdiction

15. Entire Agreement: Statement that the document represents the complete agreement between parties

16. Execution: Signature blocks and execution requirements