This office lease provision states that at the end of the fifth (5th) year of the lease, the tenant shall have an option to purchase the building in which the premises is located at fair market value.
Virgin Islands Provision Setting Out a Purchase Option
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Multi-State
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US-OL2404
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How to fill out Provision Setting Out A Purchase Option?
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FAQ
Buying Process, Fees & Taxes Can foreigners buy property in the BVI? Yes, foreigners can buy property in the BVI and the Government of the BVI welcomes investment from overseas buyers. However, foreign nationals are required to apply for a Non-Belonger Land Holding Licence (NBLHL) for which there is a small fee.
What is the process to transfer shares in a BVI company? Shares in a BVI company are transferred by a written instrument of transfer, which must be signed by the transferor and contain the name and address of the transferee. The executed instrument of transfer should be sent to the company for registration.
In 1493, Christopher Columbus visited these islands. He had been searching for a route to India and consequently he called the people he encountered Indians. Columbus named the beautiful islands 'The Virgins' in reference to the legendary beauty of St. Ursula and her 11,000 virgins.
The Virgin Islands, commonly referred to as the British Virgin Islands (BVI), is a British overseas territory located in the Caribbean to the east of Puerto Rico.
The British Virgin Islands are a British Overseas Territory located in the northeastern Caribbean. They consist of some 50 islands, cays, rocky formations, and islets, with a total surface area of 59.3 mi.
The territory operates as a parliamentary democracy. Ultimate executive authority in the British Virgin Islands is vested in the King, and is exercised on his behalf by the Governor of the British Virgin Islands. The governor is appointed by the King on the advice of the British Government.
If you are a British national, you may well be wondering if British citizens have the right to move to the British Virgin Islands. While you can certainly move, you will not immediately become a citizen of the British Virgin Islands. Like other foreigners, you will be required to request long-term permission to stay.
The primary language spoken in the BVIs is English; the English-based Virgin Islands Creole, and Spanish, with English as the national and official language.
