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Rent To Buy Contract
"I need a Rent To Buy Contract for a commercial property in Singapore's CBD area, with a 24-month rental period starting March 2025 and purchase option exercisable after 18 months, including provisions for renovations during the rental period."
1. Parties: Identification of buyer/tenant and seller/landlord with full legal names and addresses
2. Background: Context of the agreement and brief description of the rent-to-buy arrangement
3. Definitions: Key terms used throughout the agreement including Property, Purchase Price, Rental Period, Option Period
4. Rental Terms: Monthly rental amount, payment dates, duration of rental period
5. Purchase Option: Terms of purchase option, final purchase price, credit of rental payments
6. Payment Terms: Payment schedule, deposit requirements, treatment of rental payments
7. Transfer of Title: Conditions for transfer of ownership
8. Default and Remedies: Consequences of default by either party
1. Insurance: Property insurance requirements and allocation of responsibilities between parties
2. Maintenance and Repairs: Responsibilities for property maintenance and repair obligations during the rental period
3. Early Termination: Conditions and procedures for early contract termination by either party
4. Assignment Rights: Rights and restrictions regarding assignment of the contract to third parties
1. Schedule 1 - Property Description: Detailed description of the property including address and specifications
2. Schedule 2 - Payment Schedule: Detailed breakdown of payments including rental amounts and purchase option payments
3. Schedule 3 - Condition Report: Current condition of the property at commencement of the agreement
4. Schedule 4 - Option to Purchase Form: Standard form for exercising purchase option
5. Schedule 5 - Maintenance Schedule: List of maintenance responsibilities and schedules
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