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Office Rental Agreement
"I need an Office Rental Agreement for a 500-square-meter office space in Makati City, Philippines, with a 5-year term starting March 1, 2025, including provisions for IT infrastructure and 24/7 access."
1. Parties: Identification of the Lessor and Lessee with complete legal names and addresses
2. Background: Context of the agreement including brief description of the property and parties' intentions
3. Definitions: Definitions of key terms used throughout the agreement
4. Premises: Detailed description of the office space being leased, including floor area and location
5. Term: Duration of the lease, commencement date, and expiration date
6. Rent and Payment Terms: Rental amount, payment schedule, security deposit, and advance rent requirements
7. Common Area Maintenance and Utilities: Responsibilities for maintenance fees, utilities, and other operating expenses
8. Use of Premises: Permitted use of the office space and any restrictions
9. Maintenance and Repairs: Responsibilities of both parties regarding maintenance, repairs, and improvements
10. Insurance and Liability: Required insurance coverage and liability provisions
11. Default and Remedies: Events of default and corresponding remedies available to either party
12. Termination: Conditions and procedures for early termination or non-renewal
13. General Provisions: Standard clauses including governing law, notices, and entire agreement
14. Execution: Signature blocks and notary requirements
1. Fit-out Period: Terms for initial renovation period, used when premises are delivered bare or require substantial modification
2. Parking: Parking space allocation and terms, included when parking spaces are part of the lease
3. Signage Rights: Terms for external and internal signage, relevant for prominent office locations or multi-tenant buildings
4. Right of First Refusal: Lessee's priority rights for adjacent spaces or renewal, included for growing businesses
5. Force Majeure: Provisions for extraordinary events affecting lease obligations, particularly relevant post-COVID
6. Subletting and Assignment: Terms for transferring or sharing the space, included when flexibility might be needed
7. Building Rules and Regulations: Reference to specific building rules, needed for multi-tenant buildings
1. Schedule A - Floor Plan: Detailed floor plan of the leased premises including measurements
2. Schedule B - Inventory of Fixtures: List of fixtures and furnishings included in the lease
3. Schedule C - Fit-out Guidelines: Technical specifications and requirements for office modifications
4. Schedule D - Building Rules: Complete set of building rules and regulations
5. Schedule E - Service Charges: Breakdown of common area maintenance charges and other fees
6. Schedule F - Handover Form: Condition report template for property handover
7. Appendix 1 - Special Conditions: Any unique terms or conditions specific to this lease
8. Appendix 2 - Required Insurance: Detailed insurance requirements and coverage limits
Authors
Commercial Real Estate
Business Services
Property Management
Corporate Services
Professional Services
Financial Services
Technology
Retail
Healthcare
Legal Services
Consulting
Legal
Finance
Operations
Facilities Management
Administration
Corporate Services
Procurement
Risk Management
Compliance
Real Estate
Chief Executive Officer
Chief Financial Officer
Facilities Manager
Real Estate Manager
Property Manager
Operations Director
Office Administrator
Legal Counsel
Business Development Manager
Finance Director
Corporate Services Manager
Procurement Manager
Risk Manager
Compliance Officer
Administrative Manager
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