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Rental And Lease Agreement
"I need a Rental and Lease Agreement for a commercial warehouse space in Manila's industrial zone, starting March 1, 2025, with specific provisions for 24/7 operations and heavy machinery use, plus an option to renew for two additional years."
1. Parties: Identifies and provides complete details of the Lessor/Landlord and Lessee/Tenant
2. Background: Contextual information about the property and the parties' intention to enter into a lease arrangement
3. Definitions: Defines key terms used throughout the agreement for clarity and legal certainty
4. Property Details: Comprehensive description of the leased property, including exact location and boundaries
5. Term and Commencement: Duration of the lease and specific start date
6. Rental Amount and Payment Terms: Specifies rent amount, payment schedule, method of payment, and late payment penalties
7. Security Deposit: Amount, terms of holding, and conditions for return of the security deposit
8. Utilities and Services: Responsibility for utility connections, payments, and maintenance services
9. Use of Property: Permitted and prohibited uses of the property
10. Maintenance and Repairs: Responsibilities of both parties regarding property maintenance and repairs
11. Alterations and Improvements: Rules regarding modifications to the property
12. Insurance: Required insurance coverage and responsibilities of each party
13. Access and Inspection: Landlord's rights to access the property and conduct inspections
14. Default and Remedies: Events of default and available remedies for both parties
15. Termination: Conditions and procedures for ending the lease
16. Governing Law: Specifies Philippine law as governing law and jurisdiction
17. Notices: Methods and addresses for official communications between parties
18. Entire Agreement: Standard clause confirming the agreement represents the complete understanding between parties
1. Subletting and Assignment: Include when subletting or assignment might be permitted under certain conditions
2. Pet Policy: Include for residential leases where pets may be allowed
3. Parking: Include when parking spaces are part of the lease
4. Common Areas: Include for properties with shared facilities or spaces
5. Option to Renew: Include when offering the tenant an option to extend the lease
6. Option to Purchase: Include for rent-to-own arrangements
7. Force Majeure: Include specific provisions for natural disasters or unexpected events
8. Environmental Compliance: Include for commercial properties or when specific environmental concerns exist
9. Operating Hours: Include for commercial leases with specific business hours restrictions
10. Signage Rights: Include for commercial properties where tenant signage is relevant
1. Schedule A - Property Floor Plan: Detailed floor plan and measurements of the leased property
2. Schedule B - Inventory List: List of fixtures, furnishings, and equipment included in the lease
3. Schedule C - Property Condition Report: Detailed assessment of property condition at commencement of lease
4. Schedule D - House Rules: Building or property rules and regulations
5. Schedule E - Utility Readings: Initial utility meter readings at handover
6. Schedule F - Maintenance Schedule: Regular maintenance schedules and responsibilities
7. Schedule G - Fit-out Guidelines: Guidelines for any permitted modifications or improvements
8. Appendix 1 - Required Permits: Copies of relevant permits and certificates
9. Appendix 2 - Insurance Requirements: Detailed insurance requirements and coverage specifications
10. Appendix 3 - Payment Schedule: Detailed breakdown of payment obligations including advance rent and deposits
Authors
Real Estate
Residential Property
Commercial Property
Retail
Office Space
Industrial
Hospitality
Healthcare
Education
Warehousing
Manufacturing
Agriculture
Technology
Professional Services
Legal
Real Estate
Facilities Management
Operations
Finance
Administration
Risk and Compliance
Property Management
Asset Management
Corporate Services
Procurement
Business Development
Property Manager
Real Estate Agent
Facilities Manager
Legal Counsel
Corporate Real Estate Manager
Operations Director
Chief Financial Officer
Business Owner
Property Administrator
Lease Administrator
Asset Manager
Building Manager
Real Estate Director
Compliance Officer
Risk Manager
Office Manager
Store Manager
Branch Manager
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