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Indemnity Lease Agreement
"I need an Indemnity Lease Agreement under Philippine law for a commercial warehouse space in Manila, with specific focus on environmental liability protection and hazardous materials handling, to commence from March 1, 2025."
1. Parties: Identification and details of the Lessor and Lessee
2. Background: Context of the agreement 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 and any included fixtures/fittings
5. Lease Term: Duration of the lease, commencement date, and renewal provisions
6. Rent and Payment Terms: Rental amount, payment schedule, and methods of payment
7. Security Deposit: Amount, terms, and conditions for the security deposit
8. Use of Property: Permitted use of the property and any restrictions
9. Maintenance and Repairs: Responsibilities for maintenance, repairs, and improvements
10. Indemnification: Core indemnity provisions, scope of indemnification, and procedures
11. Insurance: Required insurance coverage and obligations
12. Default and Remedies: Events of default and available remedies for both parties
13. Termination: Conditions and procedures for termination of the agreement
14. Governing Law: Specification of Philippine law as governing law and jurisdiction
15. Execution: Signature blocks and execution requirements
1. Utilities and Services: Details of utility responsibilities when utilities are not included in rent
2. Subletting and Assignment: Include when subletting or assignment might be permitted under specific conditions
3. Alterations and Improvements: Include when significant modifications to the property are anticipated
4. Environmental Compliance: Include for properties where environmental regulations are significant concerns
5. Force Majeure: Include specific force majeure provisions beyond standard terms
6. Property Access: Include detailed access provisions for multi-unit or commercial properties
7. Common Areas: Include for properties with shared facilities or common areas
8. Security Measures: Include for high-security properties or those requiring specific security arrangements
1. Schedule A - Property Details: Detailed description of the property including floor plans and boundaries
2. Schedule B - Inventory: List of fixtures, fittings, and equipment included in the lease
3. Schedule C - Rent Schedule: Detailed breakdown of rent payments and escalation terms
4. Schedule D - Maintenance Schedule: Specific maintenance obligations and schedules for both parties
5. Schedule E - Insurance Requirements: Detailed insurance requirements and minimum coverage amounts
6. Schedule F - House Rules: Property-specific rules and regulations
7. Appendix 1 - Form of Condition Report: Template for documenting property condition at start and end of lease
8. Appendix 2 - Indemnification Procedures: Detailed procedures for making and handling indemnification claims
Authors
Real Estate
Commercial Property
Residential Property
Retail
Industrial
Office Space
Hospitality
Manufacturing
Warehousing
Professional Services
Healthcare
Education
Legal
Real Estate
Risk Management
Operations
Finance
Compliance
Facilities Management
Corporate Services
Administration
Property Management
Real Estate Manager
Property Manager
Legal Counsel
Corporate Lawyer
Risk Manager
Facilities Manager
Operations Director
Chief Financial Officer
Compliance Officer
Asset Manager
Real Estate Broker
Contract Administrator
Property Administrator
Business Development Manager
Corporate Real Estate Manager
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