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Business Lease Agreement Template for Philippines

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Key Requirements PROMPT example:

Business Lease Agreement

"I need a Business Lease Agreement for a retail space in a Manila shopping mall, where my company will operate a high-end restaurant starting March 2025, with specific requirements for kitchen ventilation and exclusive food court rights."

Document background
The Business Lease Agreement is a vital legal instrument used in the Philippine commercial real estate sector when a property owner (lessor) agrees to rent out premises to a business tenant (lessee) for commercial purposes. This document is essential for protecting both parties' interests while ensuring compliance with Philippine law, including the Civil Code, Rent Control Act, and local government regulations. It typically includes detailed provisions about the premises, lease term, rental payments, maintenance obligations, permitted use, and various other commercial terms. The agreement is particularly important in urban areas and business districts where commercial leasing activities are prevalent and require careful regulation of rights and responsibilities. It serves as the primary reference document for managing the ongoing commercial tenancy relationship and resolving any disputes that may arise.
Suggested Sections

1. Parties: Identifies and provides full details of the Lessor and Lessee, including registration numbers for businesses

2. Background: Provides context about the property and the purpose of the lease

3. Definitions: Defines key terms used throughout the agreement

4. Demised Premises: Detailed description of the leased property and its boundaries

5. Lease Term: Specifies the duration of the lease, commencement date, and any option periods

6. Rent and Other Charges: Details the rent amount, payment schedule, security deposit, and other financial obligations

7. Use of Premises: Specifies permitted business activities and any restrictions on use

8. Maintenance and Repairs: Outlines responsibilities for maintenance, repairs, and improvements

9. Utilities and Services: Specifies responsibility for utility connections and payments

10. Insurance and Liability: Details required insurance coverage and liability obligations

11. Assignment and Subletting: Conditions under which the premises may be assigned or sublet

12. Lessor's Covenants: Obligations and promises made by the property owner

13. Lessee's Covenants: Obligations and promises made by the tenant

14. Default and Remedies: Consequences of breach and available remedies

15. Termination: Conditions and procedures for ending the lease

16. Governing Law: Confirms Philippine law governance and jurisdiction

17. Execution: Signature blocks and execution requirements

Optional Sections

1. Fit-out Works: Used when the tenant will be conducting initial renovations or improvements

2. Operating Hours: Include when the business must conform to specific operating hours (common in malls)

3. Signage Rights: Include when there are specific provisions about business signage and advertising

4. Common Areas: Required when the premises is part of a larger building or complex

5. Environmental Compliance: Include for businesses with significant environmental impact

6. Parking Rights: Include when specific parking arrangements are part of the lease

7. Force Majeure: Optional but recommended clause dealing with extraordinary events

8. Option to Purchase: Include if the tenant is given a right to purchase the property

9. Exclusivity Clause: Include when tenant is granted exclusive rights to conduct certain business types

Suggested Schedules

1. Schedule 1 - Floor Plan: Detailed plan showing the exact area being leased

2. Schedule 2 - Inventory of Fixtures: List of fixtures and fittings included in the lease

3. Schedule 3 - Rent Schedule: Detailed breakdown of rent payments and escalation rates

4. Schedule 4 - Building Rules and Regulations: Specific rules governing the use of the building or complex

5. Schedule 5 - Fit-out Guidelines: Technical specifications for any permitted renovations

6. Schedule 6 - Service Charges: Breakdown of additional service charges and maintenance fees

7. Schedule 7 - Handover Condition: Documentation of property condition at commencement of lease

8. Appendix A - Required Permits: List of permits and licenses required for business operation

9. Appendix B - Insurance Requirements: Detailed insurance specifications and coverage requirements

Authors

Alex Denne

Head of Growth (Open Source Law) @ 黑料视频 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions



































Clauses




































Relevant Industries

Retail

Commercial Real Estate

Office Space

Industrial

Food and Beverage

Manufacturing

Warehousing

Professional Services

Healthcare

Education

Technology

Banking and Finance

Entertainment

Relevant Teams

Legal

Real Estate

Operations

Finance

Facilities Management

Risk and Compliance

Property Management

Business Development

Administration

Corporate Affairs

Relevant Roles

Property Manager

Real Estate Manager

Business Development Manager

Facilities Manager

Legal Counsel

Commercial Director

Operations Manager

Chief Financial Officer

Real Estate Director

Asset Manager

Leasing Manager

Compliance Officer

Risk Manager

Property Administrator

Corporate Secretary

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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