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First Amendment To Lease Template for Philippines

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Key Requirements PROMPT example:

First Amendment To Lease

"I need a First Amendment To Lease for our Manila commercial office space to increase the monthly rent by 15% and extend the lease term until March 2025, with the modification to take effect from January 1, 2025."

Document background
The First Amendment To Lease is a crucial document used when parties need to modify an existing lease agreement in the Philippines without creating an entirely new lease. This document is typically employed when circumstances require changes to specific terms such as rental rates, lease duration, property use, or other contractual obligations, while keeping the remaining original lease terms intact. It must comply with Philippine civil law, particularly the Civil Code of the Philippines and relevant property regulations. The amendment should clearly reference the original lease agreement, specify the exact modifications being made, and include proper execution requirements including notarization as per Philippine law. This document is particularly important in commercial and residential leasing contexts, providing a formal and legally compliant way to update lease terms while maintaining the continuity of the original agreement.
Suggested Sections

1. Parties: Identification of all parties to the amendment, including the original lessor and lessee

2. Background: Reference to the original lease agreement, including its date and key details, and the reason for this amendment

3. Definitions: Key terms used in the amendment, including reference to definitions from the original lease that remain applicable

4. Amendment Details: Specific modifications being made to the original lease, clearly stating both the original and new provisions

5. Effective Date: When the amendment takes effect and its duration

6. Confirmation of Other Terms: Statement that all other terms of the original lease remain in full force and effect

7. Governing Law: Confirmation that Philippine law governs the amendment

8. Execution: Signature blocks for all parties and notary requirements

Optional Sections

1. Rent Adjustment: Used when the amendment involves changes to rental amounts or payment terms

2. Term Extension: Used when modifying the duration of the lease

3. Property Modifications: Used when changes to the leased premises or allowed modifications are involved

4. Additional Parties: Used when new parties are being added to the lease agreement

5. Security Deposit Adjustment: Used when modifying security deposit requirements

6. Use Clause Modification: Used when changing the permitted uses of the property

7. Insurance Requirements: Used when modifying insurance obligations

Suggested Schedules

1. Schedule A - Modified Lease Terms: Detailed listing of all specific terms being modified, showing both original and new language

2. Schedule B - Updated Property Description: If the amendment involves changes to the leased premises, detailed description of the modified space

3. Schedule C - Revised Payment Terms: Detailed breakdown of new payment terms if rent or other financial terms are being modified

4. Appendix 1 - Required Governmental Approvals: Copies of any required governmental or regulatory approvals for the modifications

5. Appendix 2 - Supporting Documentation: Any additional documentation supporting the amendments, such as floor plans or photographs

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

Commercial Office

Industrial

Hospitality

Healthcare

Education

Manufacturing

Logistics

Food and Beverage

Banking and Financial Services

Relevant Teams

Legal

Real Estate

Facilities Management

Operations

Finance

Compliance

Property Management

Asset Management

Administration

Risk Management

Relevant Roles

Property Manager

Real Estate Manager

Legal Counsel

Corporate Lawyer

Facilities Manager

Operations Director

Chief Financial Officer

Asset Manager

Leasing Manager

Contract Administrator

Real Estate Director

Compliance Officer

Property Administrator

Building 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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