Call option for a lease of whole—fixed price plus indexation incorporating the Standard Commercial Property Conditions (Third Edition)
Call option for a lease of whole—fixed price plus indexation incorporating the Standard Commercial Property Conditions (Third Edition)

The following Property guidance note provides comprehensive and up to date legal information covering:

  • Call option for a lease of whole—fixed price plus indexation incorporating the Standard Commercial Property Conditions (Third Edition)
  • Parties
  • Schedule 1 [Price
  • Schedule 2 [Property matters
  • Schedule 3Option Notice

This Agreement is made on [date].

Parties

  1. 1

    [insert name of Seller] [of [insert address][ and whose address for service in England and Wales is [insert address]] OR incorporated in England and Wales with company registration number [insert company registration number] whose registered address is at [insert registered office address]] (the Seller);

  1. 2

    [insert name of Buyer] [of [insert address][ and whose address for service in England and Wales is [insert address]] OR incorporated in England and Wales with company registration number [insert company registration number] whose registered address is at [insert registered office address]] (the Buyer).

  1. 1

    Definitions

  2. In this Agreement the following definitions apply:

    [Base Price

    1. £[insert figure];]

    Buyer’s Solicitors

    1. means [insert name of solicitors] reference [insert matter and fee earner reference details] or such other solicitors as the Buyer may notify to the Seller in writing;

    Completion

    1. the date on which a transfer of the Property to the Buyer is actually completed;

    Completion Date

    1. the date which is [10] Working Days after:

      [(a) ]the date on which the Buyer serves the Option Notice; [or]

      [(b) if the calculation of the Price is referred to an arbitrator for determination