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Simple Shop Rental Agreement
"I need a Simple Shop Rental Agreement for my street-front retail space in Makati City, Philippines, which will be leased to a caf茅 operator starting March 1, 2025, with special provisions for kitchen equipment installation and outdoor seating area."
1. Parties: Identifies and provides full details of the Landlord and Tenant, including their legal names, addresses, and business registration details if applicable
2. Background: Brief context of the agreement and description of the premises being leased
3. Definitions: Defines key terms used throughout the agreement
4. Premises Details: Specific description of the shop premises, including exact location, floor area, and any included fixtures
5. Term and Commencement: Duration of the lease and start date
6. Rent and Payment Terms: Monthly rent amount, payment schedule, and payment methods
7. Security Deposit: Amount, terms, and conditions for the security deposit
8. Utilities and Operating Expenses: Responsibilities for payment of utilities, maintenance, and other operating costs
9. Use of Premises: Permitted business activities and restrictions on use
10. Maintenance and Repairs: Responsibilities of both parties regarding maintenance and repairs
11. Insurance: Required insurance coverage to be maintained by each party
12. Termination: Conditions and process for ending the lease
13. Governing Law: Specification that the agreement is governed by Philippine law
14. Signatures: Execution section for all parties
1. Fit-out Period: Terms for initial shop preparation period, used when tenant needs to renovate or set up the space
2. Common Areas: Rules and access rights for shared spaces, relevant for shops in malls or commercial complexes
3. Assignment and Subletting: Terms for transferring or subletting the premises, if allowed
4. Option to Renew: Terms for lease renewal, included when offering renewal options
5. Force Majeure: Provisions for unforeseen circumstances, particularly relevant post-COVID
6. Guarantor: Required when additional security is needed for tenant's obligations
7. Trading Hours: Included for shops in managed commercial complexes with specific operating hours
8. Signage Rights: Terms for external and internal signage, important for retail locations
1. Schedule 1 - Floor Plan: Detailed plan showing the exact premises layout and measurements
2. Schedule 2 - Inventory of Fixtures: List of any fixtures and fittings included in the lease
3. Schedule 3 - House Rules: Building or complex rules and regulations if applicable
4. Schedule 4 - Fit-out Guidelines: Technical specifications and requirements for any tenant improvements
5. Schedule 5 - Utility Meters: Initial meter readings and meter numbers for utilities
6. Appendix A - Required Permits: List of necessary business permits and licenses
7. Appendix B - Maintenance Schedule: Detailed breakdown of maintenance responsibilities
Authors
Retail
Commercial Real Estate
Shopping Centers
Food and Beverage
Fashion and Apparel
Electronics and Technology
Beauty and Personal Care
Professional Services
Healthcare Services
Small Business
Legal
Real Estate
Property Management
Operations
Facilities Management
Asset Management
Retail Operations
Leasing
Commercial Development
Risk Management
Property Manager
Real Estate Manager
Retail Operations Manager
Business Owner
Leasing Manager
Legal Counsel
Commercial Property Agent
Facilities Manager
Asset Manager
Store Manager
Small Business Owner
Retail Director
Operations Director
Commercial Lease Administrator
Property Development Manager
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