Master Lease Purchase Agreement (Sample Only)
ADVERTISEMENT
1
2
3
4
5
6
7
8
9
10
11
12
13
14MASTER LEASE PURCHASE AGREEMENT
(Sample Only)
THIS MASTER LEASE PURCHASE AGREEMENT (“Master Lease”) is entered into as
of this ____ day of ____________, 20___, by and between XYZ Investments, LLC, an Ohio
limited liability company, whose address is ___________________________ (the “Owner”) and
George W. Bush, an umarried individual, whose address is 1002 Bridge Pointe Drive,
Coldsprings, KY 41076 (the “Purchaser”) provides as follows:
ARTICLE 1.
PURCHASE AND SALE
Owner agrees to sell and convey and Purchaser agrees to purchase and pay for, upon the
terms, conditions and covenants contained herein, certain real property, and all improvements
located thereon, as more specifically described as follows (the “Property” or the “Premises”);
SEE EXHIBIT “A” ATTACHED HERETO
AND MADE A PART HEREOF
Being the property conveyed by deed recorded in Official Record Book 9902, Page 308
of the Hamilton County, Ohio Recorder’s Office
The Property shall include the land, all appurtenant rights, privileges and easements and
all fixtures.
ARTICLE 2.
PURCHASE PRICE AND PAYMENT
Section 2.1
Purchaser shall pay Owner for the purchase price of the Property the sum
of Five Hundred Five Thousand and 00/100 Dollars ($505,000.00) (“Purchase Price”) payable as
follows:
(a)
Purchaser shall pay Owner Fifteen Thousand and 00/100 Dollars
($15,000.00) of the Purchase Price in cash upon the execution of this Master Lease.
(b)
The remaining balance of the Purchase Price of Four Hundred Ninety
Thousand and 00/100 Dollars ($490,000.00) will bear interest from the date hereof on the
unpaid balance at the rate of Four and Nine-Tenths Percent (4.9%) per annum. Interest
on the unpaid balance shall be payable in monthly installments of Two Thousand and
83/100 Dollars ($2,000.83) each on October 1, 20__, November 1, 20)), December 1,
20__ and January 1, 20__; provided, however that interest for a partial month, as
applicable, shall be prorated accordingly. Subject to the remaining terms of this Master
Lease, all amounts remaining unpaid, including principal and interest, shall become due
and payable in full on January 20, 20__.
Notwithstanding the preceding, if the
contingency described in Section 2.5 is not satisfied in full on or before January 20, 20__,
this Master Lease shall be deemed null and void, except that any unpaid interest
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Business