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General Lease Agreement
"I need a General Lease Agreement for a commercial office space in Makati City, Philippines, starting March 1, 2025, with specific provisions for IT infrastructure installations and 24/7 access for my tech company."
1. Parties: Identification and details of the Lessor and Lessee, including complete legal names, addresses, and tax identification numbers
2. Background: Context of the lease arrangement and brief description of the property
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Description: Detailed description of the leased premises, including exact location and boundaries
5. Term of Lease: Duration of the lease, including commencement and expiration dates
6. Rent and Payment Terms: Rental amount, payment schedule, method of payment, and late payment penalties
7. Security Deposit: Amount, terms, and conditions for the security deposit and its return
8. Utilities and Services: Responsibility for utilities, maintenance, and other services
9. Use of Property: Permitted use of the property and any restrictions
10. Maintenance and Repairs: Responsibilities of both parties regarding property maintenance and repairs
11. Insurance: Required insurance coverage and responsibilities of each party
12. Default and Remedies: Events of default and available remedies for both parties
13. Termination: Conditions and procedures for lease termination
14. Governing Law: Specification of Philippine law as governing law and jurisdiction
15. Execution: Signature blocks and notarization requirements
1. Subletting and Assignment: Terms for subletting or assigning the lease, if permitted
2. Improvements and Alterations: Terms for making modifications to the property, used when improvements are anticipated
3. Option to Renew: Terms for lease renewal, included when offering renewal options
4. Option to Purchase: Terms for purchasing the property, included when offering purchase options
5. Common Areas: Rules for common areas, included for properties in complexes or buildings
6. Parking: Parking rights and restrictions, included when parking is available
7. Pet Policy: Rules regarding pets, included for residential leases where pets might be allowed
8. Environmental Compliance: Environmental obligations, included for commercial or industrial properties
9. Force Majeure: Provisions for unforeseen circumstances, particularly relevant post-COVID
10. Special Compliance Requirements: Additional compliance requirements for specific property types or zones
1. Schedule A - Property Details: Detailed property description, including floor plans and measurements
2. Schedule B - Inventory List: List of furnishings and equipment included in the lease
3. Schedule C - Building Rules: Building regulations and guidelines for property use
4. Schedule D - Maintenance Schedule: Schedule of regular maintenance and responsibilities
5. Schedule E - Utility Agreements: Specific arrangements for utilities and services
6. Schedule F - Fit-out Guidelines: Guidelines for property modifications and improvements
7. Appendix 1 - Property Photos: Photographic documentation of property condition
8. Appendix 2 - Required Permits: Copies of relevant permits and certificates
9. Appendix 3 - Insurance Requirements: Detailed insurance specifications and requirements
Authors
Real Estate
Retail
Commercial Office
Industrial
Residential Property
Hospitality
Healthcare
Education
Manufacturing
Logistics
Agriculture
Technology
Legal
Real Estate
Facilities Management
Operations
Finance
Compliance
Risk Management
Property Management
Asset Management
Contract Administration
Property Manager
Real Estate Agent
Facilities Manager
Legal Counsel
Corporate Lawyer
Lease Administrator
Asset Manager
Property Owner
Business Development Manager
Operations Manager
Chief Financial Officer
Real Estate Director
Compliance Officer
Contract Manager
Risk Manager
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