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Sell Lease Agreement

Sell Lease Agreement Template for India

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Key Requirements PROMPT example:

Sell Lease Agreement

"I need a Sale Lease Agreement for our manufacturing facility in Mumbai, where we're selling the property to a real estate investment firm but want to continue operations with a 15-year lease term starting March 2025, with an option to extend for two additional 5-year periods."

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Document background
A Sale Lease Agreement is commonly used in Indian business transactions where an entity wishes to liquidate its real estate assets while retaining operational control through a long-term lease arrangement. This type of agreement is particularly valuable for companies looking to free up capital invested in real estate while continuing to use the property for their business operations. The document must comply with Indian legal requirements, including the Transfer of Property Act, 1882, Registration Act, 1908, and state-specific property laws. It provides comprehensive coverage of both the sale transaction and the lease terms, including purchase price, payment schedule, lease duration, rent amounts, maintenance obligations, and other key terms. This arrangement is often used in corporate restructuring, financial planning, or as part of sale-leaseback financing strategies.
Suggested Sections

1. Parties: Identification of the Seller/Lessor and Buyer/Lessee with complete details including names, addresses, and registration information if companies

2. Background: Context of the transaction, including property ownership history and intention to sell and lease back

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

4. Sale Agreement: Terms and conditions of the sale, including purchase price, payment terms, and completion date

5. Property Details: Comprehensive description of the property being sold and leased back

6. Lease Terms: Duration of lease, rent amount, payment schedule, and periodic rent reviews

7. Maintenance and Repairs: Responsibilities of parties regarding property maintenance and repairs

8. Insurance and Liability: Insurance requirements and allocation of risks between parties

9. Default and Remedies: Consequences of default by either party and available remedies

10. Representations and Warranties: Statements and guarantees made by both parties regarding the property and transaction

11. Governing Law and Jurisdiction: Applicable law and courts having jurisdiction over disputes

12. Notices: Method and addresses for serving notices between parties

13. Execution: Signature blocks and execution formalities

Optional Sections

1. Security Deposit: Terms of security deposit if required for the lease portion

2. Utilities and Outgoings: Responsibility for utility payments and other operating expenses

3. Subletting and Assignment: Rights and restrictions regarding subletting or assigning the lease

4. Environmental Compliance: Environmental obligations and compliance requirements, particularly relevant for industrial properties

5. Break Clause: Conditions under which either party can terminate the lease early

6. Right of First Refusal: Lessee's right to purchase the property if lessor decides to sell

7. Fit-out and Alterations: Terms regarding modifications to the property by the lessee

8. Force Majeure: Provisions for unforeseen circumstances affecting contract performance

Suggested Schedules

1. Property Description Schedule: Detailed description of the property including boundaries, measurements, and facilities

2. Title Documents: List of title documents and ownership proof

3. Payment Schedule: Detailed breakdown of purchase price payments and rent payment schedule

4. Completion Requirements: Checklist of documents and actions required for completion

5. Maintenance Schedule: Detailed breakdown of maintenance responsibilities

6. Existing Encumbrances: List of any existing charges, mortgages, or encumbrances on the property

7. Inventory List: List of fixtures, fittings, and equipment included in the sale and lease

8. Approved Uses: Detailed list of permitted uses of the property under the lease

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions








































Clauses



































Relevant Industries

Real Estate

Commercial Property

Industrial Manufacturing

Retail

Healthcare

Hospitality

Education

Banking and Financial Services

Logistics and Warehousing

Information Technology

Relevant Teams

Legal

Finance

Real Estate

Operations

Facilities Management

Risk and Compliance

Corporate Development

Treasury

Business Development

Property Management

Relevant Roles

Chief Financial Officer

Real Estate Manager

Property Manager

Legal Counsel

Corporate Lawyer

Finance Director

Asset Manager

Facilities Manager

Business Development Manager

Operations Director

Commercial Director

Property Consultant

Risk Manager

Compliance Officer

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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