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Commercial Building Lease Agreement
"I need a Commercial Building Lease Agreement for a 500-square-meter retail space in Makati City, Philippines, with a 5-year term starting March 1, 2025, including provisions for a food and beverage establishment with specific requirements for kitchen ventilation and waste management."
1. Parties: Identification of the Lessor and Lessee, including complete legal names, addresses, and tax identification numbers
2. Background: Context of the lease arrangement and brief description of the commercial property
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Description: Detailed description of the leased premises, including exact location, floor area, and boundaries
5. Lease Term: Duration of the lease, commencement date, and conditions for renewal
6. Rent and Payment Terms: Rental amount, payment schedule, security deposit, advance rent, and escalation provisions
7. Use of Premises: Permitted use of the property and any restrictions on business activities
8. Utilities and Services: Responsibilities for utilities, maintenance, and building services
9. Insurance and Liability: Required insurance coverage and allocation of risks between parties
10. Repairs and Maintenance: Obligations for property maintenance, repairs, and improvements
11. Default and Remedies: Events of default and corresponding remedies available to either party
12. Termination: Conditions and procedures for early termination of the lease
13. General Provisions: Standard legal provisions including governing law, notices, and dispute resolution
1. Fit-out Period: Terms for initial renovation period, used when premises require tenant improvements
2. Common Areas: Rules and cost sharing for common areas, relevant for multi-tenant buildings
3. Signage Rights: Terms for external and internal signage, important for retail or prominent commercial tenants
4. Parking: Allocation and terms of parking spaces, if applicable
5. Subletting and Assignment: Rights and restrictions regarding subletting, needed for tenants requiring flexibility
6. Force Majeure: Provisions for unforeseen circumstances, particularly relevant post-COVID
7. Environmental Compliance: Special environmental obligations, important for industrial or heavy commercial use
8. Operating Hours: Specific provisions for business hours, relevant for retail or customer-facing businesses
1. Floor Plan: Detailed plan showing the leased area and measurements
2. Rent Schedule: Detailed breakdown of rent payments and escalation dates
3. Building Rules and Regulations: Comprehensive rules governing the use of the building
4. Fit-out Guidelines: Technical specifications for any tenant improvements
5. Service Charge Schedule: Breakdown of additional charges and building services
6. Handover Condition Report: Documentation of property condition at commencement
7. Maintenance Schedule: Schedule of regular maintenance responsibilities
8. Insurance Requirements: Detailed insurance specifications and minimum coverage requirements
Authors
Real Estate
Retail
Professional Services
Healthcare
Hospitality
Financial Services
Technology
Manufacturing
Education
Food and Beverage
Entertainment
Logistics
Legal
Real Estate
Facilities Management
Operations
Finance
Compliance
Risk Management
Property Management
Corporate Services
Administration
Procurement
Real Estate Manager
Property Manager
Facilities Manager
Legal Counsel
Commercial Director
Operations Manager
Chief Financial Officer
Business Development Manager
Compliance Officer
Risk Manager
Asset Manager
Leasing Manager
Contract Administrator
Corporate Services Manager
Real Estate Broker
Building Administrator
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