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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."
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
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
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
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
Legal
Finance
Operations
Facilities Management
Real Estate
Administration
Compliance
Risk Management
Procurement
Corporate Secretariat
Property Management
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
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