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Commercial Property Rental Agreement Template for Philippines

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Key Requirements PROMPT example:

Commercial Property Rental Agreement

"I need a Commercial Property Rental Agreement for a 200-square-meter retail space in a shopping mall in Manila, with a 5-year term starting March 1, 2025, including specific provisions for 24/7 operations and food service requirements."

Document background
The Commercial Property Rental Agreement is a vital legal instrument used in the Philippines when a property owner (lessor) agrees to rent out commercial space to a business tenant (lessee). This document is essential for formalizing commercial lease arrangements and must comply with Philippine civil law, local government regulations, and relevant commercial property legislation. It typically includes detailed provisions about the property, rental terms, maintenance responsibilities, permitted use, and other crucial commercial terms. The agreement is particularly important in protecting both parties' interests in commercial real estate transactions and should be carefully drafted to address specific requirements of Philippine business law while considering local commercial practices and regulations.
Suggested Sections

1. Parties: Identification of the Lessor and Lessee with complete legal names, addresses, and business registration details

2. Background: Context of the agreement, including brief description of the property and intended commercial use

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 termination date

6. Rent and Payment Terms: Rental amount, payment schedule, security deposit, advance rent, and escalation provisions

7. Utilities and Operating Expenses: Responsibility for utilities, maintenance, and other operating expenses

8. Use of Premises: Permitted commercial activities and restrictions on use

9. Maintenance and Repairs: Responsibilities for property maintenance, repairs, and improvements

10. Insurance and Liability: Required insurance coverage and allocation of risks

11. Default and Remedies: Events of default and corresponding remedies

12. Termination: Grounds for termination and surrender procedures

13. Governing Law: Specification of Philippine law as governing law and jurisdiction

14. Execution: Signature blocks and notarization requirements

Optional Sections

1. Subletting and Assignment: Terms for subletting or assigning the lease, if permitted

2. Fit-out Period: Terms and conditions for initial renovation or fit-out period, if applicable

3. Operating Hours: Specific requirements regarding business hours and access, particularly relevant for mall or office building locations

4. Signage Rights: Terms regarding installation and maintenance of business signage

5. Common Areas: Rules and costs related to common areas, particularly relevant for multi-tenant buildings

6. Force Majeure: Provisions for unforeseen circumstances preventing performance of obligations

7. Environmental Compliance: Specific environmental obligations and compliance requirements

8. Parking Rights: Allocation and terms of parking spaces, if included

9. Security Arrangements: Special security requirements or arrangements

Suggested Schedules

1. Schedule 1 - Property Floor Plan: Detailed floor plan showing the leased premises and measurements

2. Schedule 2 - Rent Payment Schedule: Detailed breakdown of rent payments, including escalation rates

3. Schedule 3 - Inventory of Fixtures: List of fixtures and fittings included in the lease

4. Schedule 4 - House Rules: Building or property management rules and regulations

5. Schedule 5 - Fit-out Guidelines: Technical specifications and requirements for property modifications

6. Schedule 6 - Utility Rates: Current utility rates and calculation methods

7. Schedule 7 - Maintenance Schedule: Schedule of regular maintenance responsibilities

8. Appendix A - Required Permits: List of required government permits and licenses

9. Appendix B - Insurance Requirements: Detailed insurance coverage requirements and minimum amounts

Authors

Alex Denne

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

Relevant legal definitions












































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Relevant Industries

Retail

Office Space

Industrial

Hospitality

Food and Beverage

Healthcare

Education

Banking and Finance

Technology

Logistics and Warehousing

Manufacturing

Professional Services

Relevant Teams

Legal

Real Estate

Facilities Management

Operations

Finance

Compliance

Risk Management

Property Management

Business Development

Administration

Relevant Roles

Real Estate Manager

Property Manager

Legal Counsel

Business Development Manager

Operations Director

Facilities Manager

Chief Financial Officer

Commercial Director

Compliance Officer

Real Estate Broker

Corporate Lawyer

Risk Manager

Building Manager

Lease Administrator

Store Manager

Branch Manager

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,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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