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Shop Rental Agreement Template for Philippines

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Key Requirements PROMPT example:

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."

Document background
The Shop Rental Agreement is a crucial legal document used in the Philippine commercial real estate sector when a property owner (lessor) wishes to rent out retail space to a business operator (lessee). This agreement is essential for protecting both parties' interests and ensuring compliance with Philippine property and commercial laws, including the Civil Code of the Philippines and the Rent Control Act. The document typically covers key aspects such as lease term, rental amounts, security deposits, maintenance obligations, and permitted use of the premises. It's particularly important in commercial centers, malls, and standalone retail locations where clear terms and conditions need to be established for successful business operations.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

Alex Denne

Head of Growth (Open Source Law) @ 黑料视频 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions



































Clauses































Relevant Industries

Retail

Commercial Real Estate

Shopping Centers

Food and Beverage

Fashion and Apparel

Electronics and Technology

Beauty and Wellness

Professional Services

Entertainment

Financial Services

Relevant Teams

Legal

Real Estate

Operations

Finance

Compliance

Property Management

Facilities Management

Business Development

Retail Operations

Contract Administration

Relevant Roles

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

Industries






Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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