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Lease And Purchase Agreement
"I need a Lease and Purchase Agreement for a commercial property in Singapore's CBD area, with an initial 2-year lease starting March 2025 and an option to purchase at a pre-agreed price of $2.5M at the end of the lease term."
1. Parties: Identification and details of the lessor and lessee/purchaser
2. Background: Context of the transaction and property details
3. Definitions: Key terms used tHRoughout the agreement
4. Property Description: Detailed description of the property including address and specifications
5. Lease Terms: Duration, rent, payment terms, and lease conditions
6. Purchase Terms: Purchase price, payment schedule, and completion date
7. Representations and Warranties: Legal assurances from both parties
8. Governing Law: Specification of Singapore law as governing law
1. Option to Purchase: Terms for exercising purchase option during or after the lease period
2. Renovation Clause: Terms and conditions for property modifications and improvements
3. Property Management: Management and maintenance responsibilities in managed developments
1. Property Floor Plan: Detailed layout and measurements of the property
2. Inventory List: Comprehensive list of fixtures, fittings and furnishings included in the lease/sale
3. Payment Schedule: Detailed breakdown of payment terms, including lease payments and purchase installments
4. Property Title Documents: Copies of relevant title documents and certificates
5. Condition Report: Detailed documentation of property condition at handover
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