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Company Lease Agreement Template for Philippines

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Key Requirements PROMPT example:

Company Lease Agreement

"I need a Company Lease Agreement for a retail space in Makati City, Philippines, starting March 1, 2025, with an initial 5-year term and option to renew for another 3 years, including provisions for percentage rent based on gross sales."

Document background
The Company Lease Agreement is a fundamental document used when a business entity seeks to lease commercial property in the Philippines. This agreement is essential for establishing a legally binding relationship between a commercial landlord and a corporate tenant, governed by Philippine law including the Civil Code, Rent Control Act, and local government regulations. It's particularly important for businesses requiring physical premises for their operations, whether for office space, retail locations, warehouses, or other commercial purposes. The document typically includes comprehensive terms covering financial obligations, maintenance responsibilities, compliance requirements, and risk allocation between parties. It must conform to specific Philippine legal requirements regarding commercial leases, corporate authority, and property rights, while also addressing practical operational needs such as fit-out works, utilities, and building rules.
Suggested Sections

1. Parties: Identification of the Lessor and Lessee, including complete corporate details and representatives

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 location, size, and boundaries

5. Lease Term: Duration of the lease, commencement date, and expiry date

6. Rent and Other Charges: Rental amount, payment schedule, escalation rates, and other financial obligations

7. Security Deposit and Advance Rent: Terms regarding security deposit, advance rent payments, and conditions for their return

8. Use of Premises: Permitted use of the property and any restrictions

9. Utilities and Services: Responsibilities for utilities, maintenance, and building services

10. Repairs and Maintenance: Obligations of both parties regarding property maintenance and repairs

11. Insurance: Required insurance coverage and obligations of both parties

12. Assignment and Subletting: Conditions and restrictions on assignment or subletting of the premises

13. Lessor's Covenants: Obligations and warranties of the property owner

14. Lessee's Covenants: Obligations and warranties of the tenant

15. Default and Remedies: Events of default and available remedies for both parties

16. Termination: Conditions and procedures for early termination

17. Governing Law and Jurisdiction: Applicable law and jurisdiction for dispute resolution

18. Notices: Process and requirements for serving notices between parties

19. Entire Agreement: Integration clause confirming the complete agreement between parties

Optional Sections

1. Fit-out Works: Details of any permitted improvements or modifications to the premises, required when tenant will undertake renovations

2. Force Majeure: Provisions for unforeseen circumstances, particularly relevant post-COVID

3. Option to Renew: Terms for lease renewal, included when parties agree to potential extension

4. Right of First Refusal: Lessee's right to match offers for property sale or re-lease, included when negotiated

5. Environmental Compliance: Special environmental obligations, necessary for industrial or specialized commercial use

6. Signage Rights: Terms for external and internal signage, important for retail or prominent commercial locations

7. Parking Rights: Specific provisions for parking spaces, included when parking is part of the lease

8. Common Areas: Rights and obligations regarding shared facilities, relevant for multi-tenant buildings

9. Building Rules and Regulations: Additional rules specific to the building or complex, needed for managed properties

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: Comprehensive building rules and operational guidelines

5. Schedule 5 - Fit-out Guidelines: Technical specifications and requirements for any tenant improvements

6. Schedule 6 - Service Charges: Breakdown of additional charges and building services

7. Schedule 7 - Handover and Return Conditions: Specifications for property condition at start and end of lease

8. Appendix A - Required Insurance Coverage: Detailed insurance requirements and minimum coverage amounts

9. Appendix B - Authorized Signatories: Corporate authorizations and proof of signing authority

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

Real Estate

Retail

Professional Services

Manufacturing

Information Technology

Financial Services

Healthcare

Education

Hospitality

Logistics and Warehousing

Media and Entertainment

Telecommunications

Consulting Services

Food and Beverage

Relevant Teams

Legal

Finance

Operations

Facilities Management

Real Estate

Administration

Compliance

Risk Management

Procurement

Corporate Secretariat

Property Management

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Real Estate Manager

Facilities Manager

Legal Counsel

Property Manager

Operations Director

Corporate Secretary

Finance Director

Compliance Officer

Real Estate Director

Business Development Manager

Administrative Manager

Risk Manager

Procurement Manager

Store Manager

Branch Manager

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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