lease purchase agreement contract sample

Lease Purchase Explained

Jump to section, what is a lease purchase.

A lease purchase is a formal contract between a renter and a seller that combines the elements of a right of first refusal and a rental contract into one. These agreements are common among the lease-to-own community since they offer the benefits of renting combined with the promise that the tenant will be the first one eligible to put in an offer when the property goes up for sale.

Lease purchase agreements define a certain lease period in which a potential buyer has the right to occupy a property. Lease periods are determined at the time the contract is signed and can serve to give either party time to get their affairs in order, or sometimes even allows the buyer to gain some equity in the property before purchasing it.

How a Lease Purchase Works

Lease purchase agreements are a great tool for buyers and sellers to use to facilitate the sale of a property before it goes on the market. Although the process might seem intimidating, the reality is that it’s easy to understand.

Lease purchase agreements serve to allow tenant-buyers and sellers time to prepare for the sale of a property. They can be utilized by buyers to secure a property while they work on their credit score, save money, or get other affairs in order. Buyers find them helpful to secure the sale of a property to an interested party who might not otherwise qualify due to their inability to qualify for a mortgage note.

Lease purchase agreements consist of two separate real estate contracts : a rental agreement and a contract for sale.

The rental agreement includes provisions such as:

• Monthly rent and due dates
• Who is responsible for the maintenance of the property
• Deposit requirements
• Pet regulations

The contract for sale, on the other hand, covers the following:

• Parties involved in the sale
• Property selling price
• Down payment requirements
• Payment methods

Lease purchase agreements also include cross-default provisions which serve to protect both parties to a contract. These provisions entail that if the rental agreement is violated, the contract for sale is, and vice-versa.

Check out this article to learn more about how lease purchase agreements work.

How to Structure a Lease Purchase

Whether you’re creating a lease purchase agreement or entering one, it’s important to know how to structure it. Organizing the document properly ensures the enforceability of the real estate purchase agreement and lease purchase agreement.

Here is a breakdown of how to structure a lease purchase agreement:

Step One: Determine Lease Agreement Length

One of the most important aspects of a lease agreement is how long it will last. Whether you need to allow time to lower a debt-to-income ratio or address negative items on a credit report, the amount of time allowed must be clearly defined. Lease agreements should never exceed one year.

Step Two: Consider a Security Deposit

Security deposits help to protect against any damage done to property while a tenant occupies it. Requiring a security deposit ensures that if the lease agreement falls through and repairs are needed beyond normal wear and tear, the costs are covered.

Step Three: Tax and Insurance Responsibility

The seller should maintain the responsibility to pay any insurance and taxes on the property for the duration of the lease purchase agreement. This way, sellers can ensure that all costs associated with the property are paid until the sale takes place. Costs can be recuperated for these items by including an extra cost in the monthly rent to cover them.

Step Four: Include Rent Credit Details

During the time a buyer-tenant resides in the home before purchasing it, sellers can apply a portion of the monthly rent toward equity in the home. It’s important to make sure the lease agreement explicitly states how much of the rent goes toward equity each month.

Step Five: Address Miscellaneous Terms

Any miscellaneous terms of the contract such as home improvement requirements, option price, and fair market value should be included in the lease purchase agreement. This solidifies the contract’s completeness and further protects both parties of the agreement.

Here is an article where you can learn more about how to structure a lease purchase agreement.

What’s the Difference Between a Lease Purchase and a Lease Option?

Even though lease purchases and lease options sound similar, they are not the same thing. Understanding the differences between these agreements will empower you to make the best decision for your future. After all, purchasing a home is one of the biggest commitments you will make in your lifetime.

Here is an overview of lease purchases and lease options and how they are different:

Lease Purchase

A lease purchase entails that at the end of the designated leasing period, the buyer-tenant intends to purchase the rental property. This means that once the first portion of the agreement, the rental agreement, concludes, the buyer-tenant and the seller immediately migrate to the second contract, the purchase agreement. The sale is a sure thing, as long as none of the terms of either agreement is violated.

Lease Option

A lease option is like a lease purchase since it also consists of two contracts. The first contract, the rental agreement, is identical to that of a lease purchase. However, the second is called an option agreement. Option agreements entail that the buyer-tenant has a choice to purchase the property once the rental agreement period concludes after paying an option fee. With a lease option agreement, the buyer-tenant is not obligated to purchase the property; this is the most significant difference between the two.

Get more information about the differences between a lease purchase and a lease option by reading this article .

Lease Purchase Agreements

Lease purchase agreements are handy tools that non-qualified buyers can use to “lock in” property before it goes up for sale to the public. During the period of the rental agreement, buyer-tenants can take time to get personal affairs in order, reduce their debt-to-income ratio, and even obtain equity in the property in which they reside.

Lease purchase agreements are legally binding contracts that obligate buyer-tenants to purchase the property at the end of their rental agreement, which should last no more than one year.

Ultimately, choosing to go into a lease purchase agreement with a seller is a great way to secure your dream property even if you aren’t financially ready to qualify for a mortgage note on it. If you don’t want to wait before securing a new home for you and your family, this path to homeownership is one of the best legally sound ways to do it.

See an example of a lease purchase agreement by viewing this webpage .

Get Help with a Lease Purchase

If you need help with a lease purchase agreement, real estate lawyers can help. Whether you need to draft a new contract, modify an existing one, or want to talk to someone who knows the ins and outs of these contracts, you need a professional on your side.

Post a project on ContractsCounsel today to get in touch with experienced real estate lawyers who specialize in lease purchase agreements and are ready to give you the assistance you need today.

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Lease Purchase Agreement

Lease purchase agreement template.

There are several ways to become homeowners. For some people who want more flexibility with renting and purchasing properties or buying a new home, you may consider utilizing a lease purchase agreement. In many cases, leasing may be necessary for buying a house which otherwise would never happen. The agreement is popular because it allows people to test drive a home without making a big investment within a short amount of time. Of course, lease purchases have drawbacks, as in any home-buying contract.

What You Should Know About Lease Purchase Agreements

Lease purchase agreements work by using rent-to-own principles that are structured accordingly. Rent-to-own means the purchaser rents the property for later purchase and progresses to ownership. In most cases, rent-to-own buildings are more rentable than the fair market value. The additional portion is used for a downpayment on the property.

A lease purchase is composed of two distinct contracts – usually the kind of agreement that includes what has often been called cross-default clauses – where a breach of any of these agreements results in an automatic breach of the other agreements. Typically, as the tenant-buyer has agreed to purchase the property at the end of the lease as part of a lease purchase, the leasing will usually require the tenant-buyer to pay maintenance expenses which is generally the obligation of the landlords.

Try this free lease purchase contract from Fill and take the guesswork out of purchasing a property from your landlord. The template is straightforward and easy to use; just fill out the blanks with specific information about the property, lease terms, purchase price, and more. Make sure to review the terms and conditions with a real estate lawyer before finalizing any contract. Happy house hunting!

Typical Contents of a Lease Purchase Agreement

Lease purchase agreement are often advantageous for buyers and sellers because it allows for more flexible terms and options in the buying process. As with any contract, it is important to carefully review all terms before signing.

Some important things to consider including in your lease purchase agreement are:

• Term of option
• Exclusivity of option
• Notice required to exercise option to purchase
• Option consideration

Purchase price

When it comes to the purchase price in a lease purchase agreement, it is important to consider a few things. First, you’ll want to make sure that the price is fair and reasonable for both parties involved. Additionally, you’ll want to think about whether or not the price is fixed. Lastly, you’ll want to include any applicable taxes or other associated costs in the price as well.

Down payment

Rent-to-own lease agreement.

A rent-to-own agreement is a standard rent contract and has the option for tenants to buy the property. These arrangements are common among homeowners seeking to collect leased properties and sell them to the tenant for an agreed price. Financing can be provided by the property owner or through traditional lenders, depending on their mortgage qualifications.

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Agreement template bundle, 6 steps in creating lease purchase agreement documents, 10+ lease purchase agreement templates, 1. lease purchase agreement template, 2. property purchase agreement sample template, 3. real estate property purchase agreement, 4. option to lease agreement template, 5. home rent to own contract template, 6. vehicle lease agreement template, 7. rental agreement template, 8. sample lease with option to purchase, 9. equipment lease purchase agreement, 10. lease agreement sample with option, 11. sample lease purchase agreement.

Lease purchase negotiations between a property-owner and a tenant/buyer involves many twists and turns. The property owner may want this, or the tenant/buyer may want that, are basically one of the things being talked about in these negotiations. However, this sort of negotiation is not merely done verbally. It must have a written record of the things that both parties legally agreed upon. One of those so called written records are lease purchase agreement documents. The main and most important content of these documents are the lease period of the property, and the period wherein the tenant/buyer can purchase it.

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Step 1: Determine the agreement’s title.

Step 2: provide all the needed information of both parties., step 3: comprehensively write the terms and conditions., step 4: state the laws being followed., step 5: cite several grounds of agreement termination., step 6: review everything..

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Lease Purchase Agreement

There are some people who invest in real estate for business purposes while others invest in properties for personal use. Whether you are planning on leasing a property through real estate, or your company is planning on leasing land, there is always going to be documentation for that to happen. Even if you are not leasing land but a different type of leasing, it still goes through the same steps. When you plan to lease say a vehicle, a piece of land, money from the bank, you will go through an agreement where both parties must sign as proof that you have agreed to the terms of the lease. Why is a lease purchase agreement necessary? To know more about it, check out the following 10+ examples right now.

10+ Lease Purchase Agreement Examples

1. lease purchase agreement template.

• Google Docs

2. Land Lease Purchase Agreement Template

3. Vehicle Lease Purchase Agreement Template

4. Bank Lease Purchase Agreement

Size: 125 KB

5. Governmental Lease Purchase Agreement

Size: 131 KB

6. Master Lease Purchase Agreement

Size: 242 KB

7. Formal Lease Purchase Agreement

Size: 151 KB

8. Amendment to Lease Purchase Agreement

9. Lease Purchase Agreement in PDF

10. Restated Lease Purchase Agreement

11. Equipment Lease Purchase Agreement

Size: 119 KB

What Is a Lease Purchase Agreement?

What is a lease purchase agreement? A lease purchase agreement is a document made by the owner of the property and to be discussed with the party who is planning on leasing to the point of owning . This kind of agreement usually works for a rent-to-own type of business. This agreement can be used for real estate, for vehicles, or anything that can be leased and purchased in the long run. In addition to that, this agreement, usually made by the owner or the landlord of the property for the renter or the tenant who wishes to rent the place for a specific amount of time, and planning on purchasing the place from the owner or the landlord. Lease purchase agreements are made when the landlord plans on leasing the place, and in the hopes of seeing a potential tenant who plans to buy the place after leasing it.

The purpose of writing down a lease purchase agreement is to settle out the terms and conditions of the agreement . Just like any kind of agreement, a lease purchase agreement has terms and conditions that both parties must abide by for it to work. These guidelines, terms and conditions as well as the rules are set out for the tenant to follow as well as the landlord to abide. The other purpose is to lessen any issues between both parties and what has been agreed on. Lastly, the purpose of writing down a lease purchase agreement is to be able to discuss the prices , the rules and the commitment between both parties.

How to Write a Lease Purchase Agreement?

If you are thinking of writing out a lease purchase agreement, you may want to consider checking out the following below. These tips will help you get started on where and how to write a lease purchase agreement. The tips would also be of help for you to see what should be added and what should be avoided.

1. State the Start of the Lease Date

When you begin writing, the first thing that your tenant would notice is the beginning of the lease date. The lease date is important for the tenant, as this gives them the idea that when the lease date is stated, they are now able to use the land they rented out from the landlord. It also states the importance of knowing when they must pay what they owe to the landlord or the lessor.

2. Terms and Conditions of the Agreement

What are the terms and conditions of the said agreement? Place all the terms and conditions of the agreement. Define them in a professional manner, and enough for your tenant to understand the gist and the bigger picture of the agreement. Avoid using jargon that would be misinterpreted by the tenant that would result in problems between both parties. The terms and conditions of the agreement must also be discussed to check if the tenant agrees to them or not.

3. Definition of Terms

Defining the terms used in the agreement for the tenant and the landlord to discuss and agree on. This is usually found in agreements to ensure that the tenant understands the following terms. This is not used as a way to assume the tenant does not understand, rather this is used as a way to make things clear.

4. Payments and Fees

Specify the payments and fees. Write them down as well as the purpose for the fees. This is to give your tenant a bird’s eye view of all the fees and payments before they plan on signing the agreement. This is also to show them that there are no hidden payments that were not stated in the agreement.

5. Signature of Lessor and Lessee

After everything has been settled, signatures of both the lessor or the landlord and the lessee or the tenant must both be present in the agreement. This shows that both parties have gone through the discussion of the terms and conditions of the agreement, have given their say and agreed to the guidelines present in the agreement form. It also means both have understood their responsibilities and will uphold what has been agreed on.

Why is a lease purchase agreement necessary when renting to own?

A lease purchase agreement is considered your contract when you are planning on leasing to own. This document is used as proof that you are planning on renting to purchasing in the future.

Why is the lease date important?

The lease date states when the lessee is allowed to start the leasing process. It is also used for most as a deadline to pay for the payments and fees while renting the place.

Can a lessee or a tenant ask for a copy of the agreement?

The tenant has every right to ask for a copy of the agreement. This is also the responsibility of the landlord to give a duplicate copy of the exact agreement the tenant has signed.

Will the contract be null and void if signatures are not present?

The agreement would be incomplete if the signatures of both parties are not present. This would either mean that both parties have not come through an agreement or they are still discussing terms. It is only complete if signatures are present. As this signifies both parties have agreed to the conditions in the agreement.

Should the purpose of the payments and fees be defined?

Yes. It is best to explain it both on paper and in the discussion of the reasons for the payment and fees. This way, your tenant would have an idea of how much each month of rent would cost.

Renting to own places is always going to be a challenge. Especially if you have no idea of what is in store in the agreement. The reason why it is always easier to ask for an agreement is to know the terms and conditions, the payments and any other information worth knowing. For landlords, writing out an agreement is easier to let the tenants know that this is what is to be expected.

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What Is a Lease Purchase Agreement and How To Structure It?

Andrew Paniello

Andrew is a freelance writer with nearly a decade of experience. His primary areas of interest include financial, real estate, and macroeconomic topics. In addition to working in the financial planning and real estate sectors, Andrew has also earned degrees in finance and political science from the University of Colorado.

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There are many possible paths to becoming a homeowner. In some cases, especially if you’re a first-time home buyer, you might consider a “rent to own” program, often referred to as a lease purchase agreement.

Depending on your current financial and personal situation, a lease purchase agreement might help you eventually buy a home that would otherwise be out of reach. These agreements are popular because they allow you to “test drive” your home without needing to make an immediate, long-term commitment.

Of course, as is the case with any long-term homeownership contract, lease purchase agreements will have drawbacks. Before signing a lease purchase agreement, it will be critical to ensure you understand exactly what you’re agreeing to.

What Is a Lease Purchase Agreement?

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What are you looking to do?

Sometimes referred to as a lease purchase contract, a lease purchase agreement is a specific type of rental contract that allows people who are renting a property from a landlord to eventually become the owner.

Lease purchase agreements offer an alternative path to homeownership, making it possible to someday become a homeowner without needing to make a full down payment right away. If there’s a property currently offered as a rental, a lease purchase agreement can be used to eventually trigger full homeownership.

How Do Lease Purchase Agreements Work?

With a lease purchase agreement, a renter agrees to pay a landlord an upfront fee and extra toward the monthly rent payment. The extra payment is set aside to act as a down payment toward the future purchase of the home. For a lease purchase agreement to work, both parties need to agree to a few basic terms.

The landlord must be willing to sell

The current owner of the property (the landlord) will need to be willing to sell the property once the leasing period has expired – if they’re not interested in selling, then initiating a lease purchase agreement will simply not be possible.

The renter intends to buy

The renter should have the intention to purchase the property at the end of the term. If the renter declines to exercise their lease purchase right, the landlord then has the right to either continue renting the property (to either the original renter or a new one) or sell the property to another buyer.

The landlord and renter agree to purchase terms in advance

The parties will also need to agree upon the terms before the purchase. This requires negotiating the length of the lease (often 1 – 2 years), as well as the eventual selling price of the home. When property markets are exceptionally volatile, negotiating a future selling price will often be more difficult.

If the renter does decide to purchase the property at the end of the lease term, they will then have the exclusive right to do so – this means other parties, regardless of what they’re offering, will not be able to outbid them for the property.

Renter must be able to secure financing

For the current renter (future buyer) to take ownership of the home, they will need to secure financing once the lease has expired. With most lease purchase agreements, failure to secure a mortgage will nullify the terms of the initial contract.

How Can You Structure a Lease Purchase Agreement?

While most lease purchase agreements follow the same general structure, it’s important to carefully review any lease purchase agreement you’re considering and ensure you know exactly what you’re getting into. Some common questions to consider are:

What is the length of the lease period?

This will describe the amount of time you can live in your home before deciding whether or not to exercise your right to buy. The typical lease period is 1 – 2 years.

How much of each month’s rent will contribute to the future down payment?

If you plan to buy the home at the end of the lease period, you’ll need to set aside enough money to cover at least a portion of the down payment. Even mortgage programs like Federal Housing Administration (FHA) loans require a down payment of 3.5%. So be sure to set aside enough money from each monthly payment to cover the down payment before the end of your leasing period.

What upfront fee will the renter be paying?

The renter usually pays a nonrefundable fee to the landlord as a condition of agreeing to a lease purchase agreement. This fee can be negotiated, but it often falls between 1% – 5% of the home’s purchase price. This is similar to a security deposit or the earnest money you pay when you make an offer on a home. However, you may not get it back if the sale falls through.

Who is responsible for taxes, insurance and other financial aspects?

Assuming the property is still in the landlord’s name, they’re usually responsible for covering the costs of property taxes and homeowners insurance. They’re also responsible for making the necessary payments into escrow or to their insurer and local tax authority to cover these costs. If the landlord wants the renter to cover these costs or take responsibility for these payments, they will need to agree in advance.

Also, if there are home repair and maintenance costs during the lease period, the renter and landlord will need to decide in advance how these costs should be covered.

What will the future sale price of the home be?

In most cases, this value will be determined by the current fair market value (FMV) plus an additional premium to account for future appreciation. Lease purchase agreements with a relatively longer term (such as 3 years instead of 1 year) will typically include a higher premium to account for additional appreciation and uncertainty.

Ultimately, the lease purchase agreement should clearly answer any questions you might have. If you’re unable to know what you’ll be paying, what your rights and responsibilities are or any other detail, then the purchase agreement might need to be amended.

Generally, it’s a good idea to work with an experienced real estate attorney who can help you identify red flags and answer questions.

What Is a Lease Purchase Agreement vs. a Lease Option Agreement?

A lease purchase agreement and a lease option agreement describe similar concepts, but there are a few important differences between these types of contracts. A lease purchase agreement creates a legal commitment for both parties to initiate a transaction once the term has expired. While it is possible to get out of a lease purchase agreement, doing so can be costly. A lease option agreement, on the other hand, represents a softer commitment.

What Are the Pros and Cons of Lease Purchase Agreements?

As you’d probably expect, a lease purchase agreement presents benefits and drawbacks for both buyers and sellers. Be sure to consider the pros and cons before deciding to enter into an agreement.

PROS of Lease Purchase Agreements 👍

One of the most obvious benefits of a lease purchase agreement is that it gives buyers more time in the home before fully committing to becoming a homeowner.

By agreeing to a sale price in advance, the renter may get a good deal on a home if prices are set to increase in the near future. If prices drop, the landlord may make a larger profit from the sale.

By having a few years to prepare for the homeownership process, prospective buyers can improve their credit score, save up for a down payment and build savings that can later be used for other aspects of homeownership.

Before the lease ends, the buyer can potentially build future equity they can access once the home is in their possession.

Landlords and renters can benefit from sharing maintenance expenses, especially if the home is a fixer-upper. By using a lease purchase agreement, both the landlord and renter can also save on listing fees and other home buying costs.

CONS of Lease Purchase Agreements 👎

If the tenant chooses not to exercise their option (or is unable to secure a mortgage), all money that has been going toward their down payment is forfeited. If they’ve been living at the property for an extensive period of time, this can potentially cost them several thousand dollars.

Additionally, it’s important to note the option fee is nonrefundable. In the end, if someone has a lease purchase agreement they don’t end up using, they’ll likely be financially worse off than if they had simply rented all along.

A lease purchase agreement can help renters with lower credit make the transition to homeownership. But if they aren’t able to qualify for a mortgage loan, they may be left having paid more for a rental than they should have.

A Test Drive For Your Home!

A lease purchase agreement is a lot like leasing a car – it allows you to test out a major investment before making a full commitment. However, in most cases, you should only use a lease purchase agreement if you’re seriously considering becoming a homeowner. Otherwise, you’ll end up overpaying for rent.

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The Short Version

• A lease purchase agreement is a specific type of rental contract that lets people who are renting a property from a landlord eventually become the owner
• Depending on your current financial and personal situation, a lease purchase agreement might help you eventually buy a home that would otherwise be out of reach
• If someone has a lease purchase agreement they don’t end up using, they will likely be financially worse off than if they had simply rented all along

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FREE 10+ Sample Lease Purchase Agreement Templates in PDF | MS Word | Google Docs | Pages

A lease purchase sample agreement is required when you are going to rent your property for a longer period. It consists of the traditional rental agreement which is read and signed by both the parties with a right of refusal from any of them. This Sample Agreement involves several contents like the option fee, monthly payment, rent credit, duration of the agreement and the rules with its terms and value of the property mentioned in the agreement.

Lease Purchase Agreements

Sample commercial truck lease agreement - 6+ documents in ..., home purchase agreement sample - 6+ examples in pdf, sample vehicle lease agreement - 9+ examples in word, pdf, lease purchase agreement template.

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Size: A4, US

Sample Commercial Lease Purchase Agreement

Size: 63 KB

This type of agreements include the lease options for real estates. They mention the terms and conditions regarding the use of one’s commercial property for a mentioned period.

Vehicle Lease Purchase Agreement Form Example

Size: 149 KB

This type of Sample Vehicle Purchase Agreements is used in case of lease process of automobiles. The Purchase Agreements asks for some personal details of the person and a rental charge to be paid.

Real Estate Lease Purchase Agreement in Word

Size: 13 KB

In this process, one can rent a property to a person who agrees with the terms. One may buy the property in the rental process until the lease option expires.

Usage/ benefits of Sample Lease Purchase Agreements

The Lease Purchase Agreements  or contracts offer as an open source of income to anyone who has some property to rent or lease. The process to be followed must be a flexible one so that both the buyer or seller do not face any complexity. These contracts are popular with the people who have lower savings for down payment or who have an urgent need to settle down because this agreement also offers loans. If the individual who is going to take the lease of a particular property, proposes to purchase the property, the former is bound to offer a loan of a certain amount.

Equipment Lease Purchase Agreement Form

Size: 90 KB

In this agreement, one can take any machinery or any equipment for rent, for a certain period. Any damage caused to the equipment must be met by the later.

Residential Lease Purchase Agreement Download

Size: 37 KB

In this Residential Purchase Agreements , the property taken for lease can be proposed to be purchased by the later within the lease period. The former should cooperate with any loan proposed.

Purchase Sale Lease Agreement

Size: 123 KB

Target audience for the Lease Purchase Agreement Samples

The Sample Purchase Agreements  are quite popular among the people who are not getting appropriate parties to rent or lease their properties either due to moral or due to some financial issues. The process also targets those  people who are looking for properties but has a lower amount only to make the down payment.

In that case, the owner of the property can accept the down payment and offer them a loan within a certain period. For those persons, who are new to the city and wants to settle down fast, this agreement proves beneficial for a certain period.

Free Lease Purchase Option Agreement

Size: 80 KB

Master Lease Purchase Agreement Sample

Size: 54 KB

Lease Purchase Agreement For Equipment in PDF

Size: 78 KB

Of all the agreements we discussed, the Commercial Purchase Agreements  are the most popular among the people. They include real estate which is very common in use in today’s world mainly for business purposes. Due to this agreement, people hardly face any complexities and maintains easy measures.

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Metallurgicheskii Zavod Electrostal AO (Russia)

In 1993 "Elektrostal" was transformed into an open joint stock company. The factory occupies a leading position among the manufacturers of high quality steel. The plant is a producer of high-temperature nickel alloys in a wide variety. It has a unique set of metallurgical equipment: open induction and arc furnaces, furnace steel processing unit, vacuum induction, vacuum- arc furnaces and others. The factory has implemented and certified quality management system ISO 9000, received international certificates for all products. Elektrostal today is a major supplier in Russia starting blanks for the production of blades, discs and rolls for gas turbine engines. Among them are companies in the aerospace industry, defense plants, and energy complex, automotive, mechanical engineering and instrument-making plants.

Headquarters Ulitsa Zheleznodorozhnaya, 1 Elektrostal; Moscow Oblast; Postal Code: 144002

Contact Details: Purchase the Metallurgicheskii Zavod Electrostal AO report to view the information.

Website: http://elsteel.ru

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Legal Templates

Home Personal & Family Postnuptial Agreement Oregon

Oregon Postnuptial Agreement Template

Published April 9, 2024 Written by Yassin Qanbar | Reviewed by Susan Chai, Esq.

An Oregon postnuptial agreement is a contract signed after marriage that allows married couples to decide on asset distribution in case of divorce or death.

This agreement helps mitigate uncertainties in divorce asset distribution. It differs from prenups , which are pre-marriage, and from “marital settlement agreements,” which are for couples intending to divorce, each governed by distinct rules.

Legal Considerations

Oregon does not have a specific statute that requires the enforcement of a postnuptial agreement.

• Signing Requirements: Both spouses’ signatures are required ( In re Marriage of Grossman (2005) ).
• Dividing Property: Equitable division ( § 107.105(f) ).

Understanding Postnuptial Agreements in Oregon

In re marriage of grossman (2005)   – intent to divorce.

Postnuptial agreements are made without the expectation of an immediate divorce, unlike marital settlement agreements.

In re Marriage of Haggerty (2014)   – Enforceability

Courts must review and are expected to uphold the terms of a properly executed marital settlement agreement if they are deemed fair and reasonable.

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Russia establishes special site to fabricate fuel for China’s CFR-600

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A special production site to fabricate fuel for China’s CFR-600 fast reactor under construction has been established at Russia’s Mashinostroitelny Zavod (MSZ - Machine-Building Plant) in Elektrostal (Moscow region), part of Rosatom’s TVEL Fuel Company. 

As part of the project, MSZ had upgraded existing facilities fo the production of fuel for fast reactors, TVEL said on 3 March. Unique equipment has been created and installed, and dummy CFR-600 fuel assemblies have already been manufactured for testing.

The new production site was set up to service an export contract between TVEL and the Chinese company CNLY (part of China National Nuclear Corporation - CNNC) for the supply of uranium fuel for CFR-600 reactors. Construction of the first CFR-600 unit started in Xiapu County, in China's Fujian province in late 2017 followed by the second unit in December 2020. The contract is for the start-up fuel load, as well as refuelling for the first seven years. The start of deliveries is scheduled for 2023.

“The Russian nuclear industry has a unique 40 years of experience in operating fast reactors, as well as in the production of fuel for such facilities,” said TVEL President Natalya Nikipelova. “The Fuel Division of Rosatom is fulfilling its obligations within the framework of Russian-Chinese cooperation in the development of fast reactor technologies. These are unique projects when foreign design fuel is produced in Russia. Since 2010, the first Chinese fast neutron reactor CEFR has been operating on fuel manufactured at the Machine-Building Plant, and for the supply of CFR-600 fuel, a team of specialists from MSZ and TVEL has successfully completed a complex high-tech project to modernise production,” she explained.

A special feature of the new section is its versatility: this equipment will be used to produce fuel intended for both the Chinese CFR-600 and CEFR reactors and the Russian BN-600 reactor of the Beloyarsk NPP. In the near future, the production of standard products for the BN-600 will begin.

The contract for the supply of fuel for the CFR-600 was signed in December 2018 as part of a governmental agreement between Russia and China on cooperation in the construction and operation of a demonstration fast neutron reactor in China. This is part of a wider comprehensive programme of cooperation in the nuclear energy sector over the coming decades. This includes serial construction of the latest Russian NPP power units with generation 3+ VVER-1200 reactors at two sites in China (Tianwan and Xudabao NPPs). A package of intergovernmental documents and framework contracts for these projects was signed in 2018 during a meeting between Russian President Vladimir Putin and Chinese President Xi Jinping.

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