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Shop Rental Agreement
"I need a Shop Rental Agreement for a 50-square-meter retail space in a Manila shopping mall, with a 3-year lease term starting March 1, 2025, including specific provisions for operating hours and maintenance fees for a high-end fashion boutique."
1. Parties: Identification of the Lessor and Lessee with complete legal names, addresses, and tax identification numbers
2. Background: Context of the agreement, brief description of the premises, and purpose of the lease
3. Definitions: Definitions of key terms used throughout the agreement
4. Premises: Detailed description of the leased space, including exact location, size, and any included fixtures
5. Term: Duration of the lease, commencement date, and conditions for renewal
6. Rent and Other Charges: Rental amount, payment schedule, utilities, common area maintenance fees, and other charges
7. Security Deposit: Amount, terms, and conditions for the security deposit and its return
8. Use of Premises: Permitted use of the space and any restrictions on business activities
9. Maintenance and Repairs: Responsibilities of each party for maintenance, repairs, and improvements
10. Insurance and Liability: Required insurance coverage and allocation of risks between parties
11. Default and Termination: Events of default, remedies, and termination procedures
12. Governing Law: Specification of Philippine law as governing law and jurisdiction
13. Signing Page: Execution section with spaces for signatures, witnesses, and notarization
1. Fit-out Period: Terms and conditions for initial renovation period, used when premises are being rented bare or requiring significant modification
2. Assignment and Subletting: Rules regarding transfer of lease rights, included when subletting might be permitted
3. Force Majeure: Provisions for unforeseen circumstances, particularly relevant post-COVID
4. Option to Purchase: Terms for tenant's right to purchase the property, included when owner is willing to sell
5. Exclusivity Clause: Restrictions on lessor from renting to competing businesses, used in mall or commercial complex settings
6. Marketing and Signage: Rules for external advertising and signage, important for retail locations
7. Operating Hours: Specified business hours, typically included for mall locations or managed commercial buildings
1. Schedule 1 - Floor Plan: Detailed floor plan of the leased premises with measurements and boundaries
2. Schedule 2 - Inventory of Fixtures: List of fixtures and fittings included in the lease
3. Schedule 3 - House Rules: Building or complex rules and regulations
4. Schedule 4 - Fit-out Guidelines: Technical specifications and requirements for shop renovation
5. Schedule 5 - Utility Rates: Schedule of utility rates and calculation methods
6. Appendix A - Required Permits: List of required government permits and licenses
7. Appendix B - Handover Form: Premises condition report for start and end of lease
Authors
Retail
Commercial Real Estate
Shopping Centers
Food and Beverage
Fashion and Apparel
Electronics and Technology
Beauty and Wellness
Professional Services
Entertainment
Financial Services
Legal
Real Estate
Operations
Finance
Compliance
Property Management
Facilities Management
Business Development
Retail Operations
Contract Administration
Property Manager
Real Estate Manager
Retail Operations Manager
Legal Counsel
Commercial Lease Administrator
Business Development Manager
Facility Manager
Store Manager
Retail Space Planner
Compliance Officer
Finance Director
Chief Operating Officer
Real Estate Director
Leasing Manager
Contract Administrator
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