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Guarantee Lease Agreement
"I need a Guarantee Lease Agreement for a commercial warehouse in Manila, Philippines, starting March 1, 2025, with two corporate guarantors who will jointly guarantee the full lease obligations for a five-year term."
1. Parties: Identifies the Landlord, Tenant, and Guarantor with their complete legal names and addresses
2. Background: Explains the context of the agreement, including the Landlord's ownership of the property and the Tenant's desire to lease it with a Guarantor's support
3. Definitions: Defines key terms used throughout the agreement including Property, Lease Period, Rent, Security Deposit, and Guarantee obligations
4. Lease Terms: Details the fundamental lease conditions including duration, rent amount, payment terms, and permitted use of the property
5. Guarantee Provisions: Specifies the scope and extent of the Guarantor's obligations, including payment guarantees and performance guarantees
6. Guarantor's Representations and Warranties: Statements by the Guarantor regarding their capacity and authority to provide the guarantee
7. Tenant's Obligations: Lists all responsibilities and obligations of the Tenant under the lease
8. Landlord's Obligations: Details the Landlord's commitments and responsibilities regarding the property
9. Default and Remedies: Specifies what constitutes default by any party and the available remedies
10. Term and Termination: Conditions for ending the agreement and the process for renewal or extension
11. Notices: Procedures for formal communications between parties
12. Governing Law and Jurisdiction: Confirms Philippine law governance and specifies jurisdiction for dispute resolution
13. Execution: Signature blocks for all three parties with notarization requirements
1. Property Maintenance and Repairs: Detailed provisions about maintenance responsibilities when the lease involves significant property upkeep
2. Insurance Requirements: Specific insurance obligations when the property or its use requires particular coverage
3. Assignment and Subletting: Include when the parties want to explicitly address the possibility of transfer or sublease
4. Utilities and Services: Detailed provisions about responsibility for utilities when these are significant aspects of the lease
5. Alterations and Improvements: Include when the tenant may need to make changes to the property
6. Force Majeure: Include specific provisions for unforeseen events, particularly relevant post-COVID
7. Multiple Guarantors: Additional provisions when there is more than one guarantor
8. Electronic Execution: Include when parties may execute the agreement electronically
1. Schedule 1 - Property Description: Detailed description of the leased property including floor plans, boundaries, and included fixtures
2. Schedule 2 - Rent Payment Schedule: Detailed breakdown of rent payments, including escalation clauses if applicable
3. Schedule 3 - Condition Report: Detailed description of the property's condition at the start of the lease
4. Schedule 4 - Guarantor's Financial Statement: Financial information provided by the Guarantor to demonstrate capacity
5. Schedule 5 - House Rules: If applicable, specific rules and regulations for the use of the property
6. Appendix A - Required Permits and Certificates: Copies of relevant permits, certificates, and authorizations
7. Appendix B - Insurance Certificates: Copies of required insurance policies
8. Appendix C - Property Photographs: Visual documentation of the property's condition
Authors
Real Estate
Commercial Property
Retail
Office Space
Industrial
Residential Property
Hospitality
Manufacturing
Warehousing
Education
Healthcare
Legal
Real Estate
Property Management
Finance
Operations
Risk Management
Compliance
Facilities Management
Business Development
Asset Management
Property Manager
Real Estate Manager
Legal Counsel
Contract Administrator
Facilities Manager
Commercial Lease Manager
Risk Manager
Chief Financial Officer
Real Estate Director
Asset Manager
Leasing Agent
Property Administrator
Compliance Officer
Business Development Manager
Operations Manager
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