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Sale Lease Back Agreement
"Need a Sale Lease Back Agreement for our manufacturing facility in Singapore, where we want to sell the property to ABC Investment Fund for SGD 25 million and lease it back for an initial period of 10 years starting March 2025, with an option to extend for two additional 5-year terms."
1. Parties: Identification of seller and buyer/lessee, including registration details and addresses
2. Background: Context of the transaction, property details, and purpose of the arrangement
3. Definitions: Key terms used throughout the agreement
4. Sale Terms: Purchase price, payment terms, completion date, and property transfer conditions
5. Leaseback Terms: Lease duration, rental amounts, payment schedule, and usage rights
6. Representations and Warranties: Statements of fact and assurances from both parties
7. Maintenance and Repairs: Responsibilities for property upkeep and repairs
8. Insurance: Required insurance coverage and responsibilities
9. Default and Remedies: Consequences of breach and available remedies
10. Governing Law: Applicable Singapore law and jurisdiction
1. Option to Purchase: Terms for buyer to repurchase property - include when parties agree to include buyback provisions
2. Property Management: Specific management arrangements - include for commercial properties or complex arrangements
3. Tax Provisions: Special tax arrangements or allocations - include when specific tax treatments are agreed
4. Environmental Matters: Environmental compliance and responsibilities - include for industrial or contaminated properties
1. Property Description Schedule: Detailed description of property including boundaries and floor plans
2. Rental Payment Schedule: Detailed breakdown of rental payments and dates
3. Condition Report: Current condition of property at time of sale
4. Permitted Uses Schedule: Specified allowed uses of the property
5. Insurance Requirements Schedule: Detailed insurance specifications
6. Title Documents: Copies of relevant title documents and searches
7. Maintenance Schedule: Detailed maintenance responsibilities and schedules
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