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Rent To Buy Agreement
1. Parties: Identification of the property owner/seller and tenant/buyer, including full legal names, addresses, and registration numbers if applicable
2. Background: Context of the agreement, including property details and the parties' intention to enter into a rent-to-buy arrangement
3. Definitions: Key terms used throughout the agreement, including 'Rental Period', 'Purchase Option', 'Purchase Price', 'Rent Credits', etc.
4. Property Description: Detailed description of the property, including address, land registry details, and included fixtures/fittings
5. Rental Terms: Terms of the rental phase, including rent amount, payment dates, and duration
6. Rent Credits: Specification of how rental payments contribute to the purchase price, including calculation method and conditions
7. Purchase Option: Terms for exercising the purchase option, including notice requirements and conditions precedent
8. Purchase Price: Agreed purchase price, including any adjustments and how rent credits are applied
9. Maintenance and Repairs: Responsibilities for property maintenance during the rental period and implications for the purchase
10. Insurance and Risk: Insurance requirements and allocation of risk during both rental and purchase phases
11. Default and Termination: Consequences of default during rental period and impact on purchase option
12. Completion of Purchase: Process and requirements for completing the property purchase
13. Notices: Methods and addresses for formal communications between parties
14. Governing Law: Confirmation of Danish law as governing law and jurisdiction
1. Mortgage Arrangements: Details of any pre-arranged mortgage financing or requirements, used when seller is assisting with financing
2. Property Management: Additional terms for property management during rental period, used for larger properties or those with shared facilities
3. Improvements and Alterations: Terms for tenant improvements and how they affect purchase price, used when renovations are anticipated
4. Assignment and Subletting: Terms regarding transfer of rights, used when flexibility might be needed
5. Environmental Matters: Specific environmental obligations or concerns, used for properties with known environmental issues
6. Property Association Terms: Terms relating to property associations or communities, used for properties within managed communities
1. Schedule 1 - Property Details: Detailed property specification, including floor plans and land registry information
2. Schedule 2 - Rent Payment Schedule: Detailed breakdown of rental payments and how they accumulate as purchase credits
3. Schedule 3 - Property Condition Report: Initial condition report with photographs and noted defects
4. Schedule 4 - Permitted Alterations: List of alterations the tenant is permitted to make during the rental period
5. Schedule 5 - Purchase Price Calculation: Detailed methodology for calculating final purchase price, including rent credits
6. Appendix A - Property Certificates: Energy performance certificate and other required property certificates
7. Appendix B - Insurance Requirements: Detailed insurance requirements for both rental and purchase phases
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