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Guarantee Lease Agreement Template for Philippines

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Key Requirements PROMPT example:

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."

Document background
The Guarantee Lease Agreement is a specialized legal instrument used in the Philippines when additional security is required beyond a standard lease arrangement. This document is particularly relevant when landlords seek extra assurance for high-value commercial leases or when dealing with tenants who may have limited credit history or financial capacity. The agreement combines elements of both lease and guarantee contracts under Philippine law, incorporating provisions from the Civil Code of the Philippines and relevant property legislation. It's commonly used in commercial real estate transactions, retail leasing, and significant residential properties where the landlord requires additional security beyond the standard security deposit. The document details not only the traditional lease terms but also establishes the scope and extent of the guarantor's obligations, making it more comprehensive than a standard lease agreement.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

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









































Clauses







































Relevant Industries

Real Estate

Commercial Property

Retail

Office Space

Industrial

Residential Property

Hospitality

Manufacturing

Warehousing

Education

Healthcare

Relevant Teams

Legal

Real Estate

Property Management

Finance

Operations

Risk Management

Compliance

Facilities Management

Business Development

Asset Management

Relevant Roles

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

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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