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Commercial Property Lease Agreement
"I need a Commercial Property Lease Agreement for a retail space in a shopping mall in Manila, Philippines, starting March 1, 2025, with specific provisions for 24/7 operations and food service requirements."
1. Parties: Identification of the Lessor and Lessee, including complete legal names, addresses, and tax identification numbers
2. Background: Context of the lease agreement, brief description of the property, and purpose of the lease
3. Definitions: Definitions of key terms used throughout the agreement
4. Demised Premises: Detailed description of the leased property, including exact location, floor area, and included facilities
5. Lease Term: Duration of the lease, commencement date, and expiration date
6. Rent and Payment Terms: Rental amount, payment schedule, mode of payment, and escalation provisions
7. Security Deposit and Advance Rent: Amount, payment terms, and conditions for return of security deposit and advance rent
8. Utilities and Operating Expenses: Responsibility for utilities, maintenance fees, and other operating costs
9. Use of Premises: Permitted use of the property and restrictions on activities
10. Maintenance and Repairs: Responsibilities of both parties regarding property maintenance and repairs
11. Insurance: Required insurance coverage and responsibilities of each party
12. Assignment and Subletting: Conditions and restrictions on assignment or subletting of the premises
13. Default and Remedies: Events of default and available remedies for both parties
14. Termination: Grounds for termination and procedures
15. Governing Law: Specification of Philippine law as governing law and jurisdiction
16. Execution: Signature blocks and notarial requirements
1. Fit-out Period: Terms and conditions for initial renovation period, used when premises are delivered in bare condition
2. Option to Renew: Terms for lease renewal, included when parties agree to possible extension
3. Common Areas: Rights and obligations regarding shared facilities, included for properties in commercial complexes
4. Signage Rights: Terms for installation and maintenance of business signs, relevant for retail spaces
5. Parking: Allocation and terms of parking spaces, if applicable
6. Force Majeure: Provisions for unforeseen circumstances, particularly relevant post-COVID
7. Environmental Compliance: Special environmental obligations, required for certain types of commercial activities
8. Guarantor Provisions: Terms relating to guarantors, used when additional security is required
1. Schedule 1 - Property Floor Plan: Detailed floor plan showing exact boundaries of leased premises
2. Schedule 2 - Inventory of Fixtures: List of fixtures and fittings included in the lease
3. Schedule 3 - House Rules: Building rules and regulations
4. Schedule 4 - Fit-out Guidelines: Technical specifications and requirements for renovations
5. Schedule 5 - Utility Rates: Current rates for utilities and method of computation
6. Schedule 6 - Maintenance Schedule: Schedule of regular maintenance activities and responsibilities
7. Appendix A - Required Permits: List of permits required for property use and business operation
8. Appendix B - Insurance Requirements: Detailed insurance requirements and coverage specifications
Authors
Real Estate
Retail
Food and Beverage
Professional Services
Healthcare
Financial Services
Technology
Manufacturing
Education
Hospitality
Entertainment
Logistics
Construction
Telecommunications
Legal
Real Estate
Facilities Management
Operations
Finance
Procurement
Risk Management
Compliance
Property Management
Asset Management
Business Development
Administration
Property Manager
Real Estate Manager
Facilities Manager
Legal Counsel
Corporate Lawyer
Business Owner
CEO
CFO
Operations Manager
Real Estate Agent
Leasing Manager
Asset Manager
Commercial Director
Procurement Manager
Risk Manager
Compliance Officer
Branch Manager
Store Manager
Finance Director
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