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Exclusive Lease Agreement
"I need an Exclusive Lease Agreement for a high-end retail space in Manila's Makati district, with a 5-year term starting January 2025, including specific provisions for store branding rights and excluding other competing luxury retailers within the same building."
1. Parties: Identification of the Lessor and Lessee with complete details as required under Philippine law
2. Background: Context of the lease arrangement and brief description of the property
3. Definitions: Definitions of key terms used throughout the agreement
4. Grant of Lease: Clear statement of the exclusive lease grant and its nature
5. Term and Commencement: Duration of lease and commencement date
6. Rent and Payment Terms: Rental amount, payment schedule, and payment methods
7. Security Deposit: Amount, terms, and conditions for the security deposit
8. Use of Premises: Permitted use and restrictions on property use
9. Maintenance and Repairs: Responsibilities of each party for maintenance and repairs
10. Utilities and Services: Responsibility for utilities and other services
11. Insurance: Required insurance coverage and responsibilities
12. Assignment and Subletting: Prohibition on assignment and subletting due to exclusive nature
13. Default and Remedies: Events of default and available remedies
14. Termination: Grounds and procedures for termination
15. Governing Law: Specification of Philippine law as governing law
16. Execution: Signature blocks and notarization requirements
1. Fit-Out Works: Include when premises require tenant improvements or modifications
2. Common Areas: Include for commercial buildings or complexes with shared facilities
3. Building Rules: Include for properties within managed buildings or complexes
4. Option to Renew: Include if offering lease renewal options
5. Force Majeure: Include detailed force majeure provisions for areas prone to natural disasters
6. Environmental Compliance: Include for industrial or commercial properties with environmental impact
7. Pest Control: Include for food-related businesses or specific commercial uses
8. Signage Rights: Include for commercial properties where signage is relevant
1. Property Description: Detailed description of the leased premises including boundaries and technical specifications
2. Rent Schedule: Detailed breakdown of rent, escalations, and other charges
3. Condition Report: Documentation of property condition at commencement
4. Building Rules and Regulations: Detailed rules for property use and management
5. Fit-Out Guidelines: Technical specifications for any permitted modifications
6. Service Level Agreement: Details of services provided by lessor, if any
7. Insurance Requirements: Detailed insurance specifications and requirements
8. Form of Bank Guarantee: Template for bank guarantee if required as security
Authors
Real Estate
Retail
Commercial Office
Industrial
Hospitality
Food and Beverage
Healthcare
Education
Manufacturing
Logistics
Technology
Banking and Finance
Professional Services
Legal
Real Estate
Facilities Management
Operations
Finance
Procurement
Risk and Compliance
Business Development
Property Management
Asset Management
Real Estate Manager
Property Manager
Facilities Manager
Legal Counsel
Corporate Lawyer
Business Development Manager
Operations Director
Chief Financial Officer
Procurement Manager
Asset Manager
Leasing Manager
Commercial Director
Risk Manager
Compliance Officer
Real Estate Director
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