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Long Term Land Lease Agreement
"I need a Long Term Land Lease Agreement for a 2-hectare industrial property in Manila's economic zone, where my foreign manufacturing company will be the lessee starting March 2025, with initial lease term of 25 years and option to renew for another 25 years."
1. Parties: Identification of the Lessor and Lessee, including complete legal names, addresses, and registration details
2. Background: Context of the agreement, brief description of the property, and the parties' intention to enter into a long-term lease
3. Definitions: Definitions of key terms used throughout the agreement
4. Grant of Lease: Formal grant of lease rights, specifying the property being leased and confirmation of the Lessor's authority to lease
5. Term and Renewal: Duration of the lease, commencement date, and provisions for renewal in compliance with RA 7652
6. Rent and Payment Terms: Lease payment amount, payment schedule, rent review mechanisms, and security deposit requirements
7. Permitted Use: Specified allowed uses of the property in compliance with zoning laws and regulations
8. Maintenance and Repairs: Responsibilities of each party regarding property maintenance, repairs, and improvements
9. Utilities and Outgoings: Responsibility for utility payments, taxes, and other operating expenses
10. Insurance and Risk: Required insurance coverage and allocation of risks between parties
11. Compliance with Laws: Obligations to comply with applicable Philippine laws, including environmental regulations
12. Default and Termination: Events of default, remedies, and termination procedures
13. Registration: Requirements and procedures for registering the lease with relevant authorities
14. Governing Law and Dispute Resolution: Specification of Philippine law as governing law and dispute resolution mechanisms
15. General Provisions: Standard provisions including notices, entire agreement, and amendments
1. Development Rights: Include when the lease permits development or major modifications to the property
2. Agricultural Provisions: Required when the property includes agricultural land, ensuring compliance with agrarian reform laws
3. Subletting and Assignment: Include if subletting or assignment rights are to be granted to the lessee
4. Environmental Obligations: Detailed section required when property is in environmentally sensitive areas or subject to specific environmental regulations
5. Foreign Ownership Compliance: Include when lessee is a foreign entity, ensuring compliance with foreign ownership restrictions
6. Force Majeure: Optional detailed provisions for force majeure events, particularly relevant in areas prone to natural disasters
7. Right of First Refusal: Include if lessee is granted right to purchase property or extend lease on preferential terms
8. Mortgaging Rights: Include if either party has or requires rights to mortgage their interest in the property
1. Property Description: Detailed technical description of the leased property, including boundaries, technical description, and TCT number
2. Site Plan: Plans and drawings showing the property boundaries and any relevant physical features
3. Rent Schedule: Detailed breakdown of rent payments, including escalation rates and review dates
4. Permitted Alterations: Specific alterations or improvements permitted under the lease
5. Handover Condition Report: Detailed description and photographs of property condition at lease commencement
6. Required Insurance: Detailed specifications of required insurance coverage
7. Environmental Baseline Study: If relevant, baseline environmental conditions of the property
8. Local Authority Permits: Copies of relevant zoning clearances, permits, and certificates
Authors
Real Estate
Agriculture
Industrial Manufacturing
Retail
Hospitality
Renewable Energy
Mining
Logistics
Commercial Development
Tourism
Education
Healthcare
Legal
Real Estate
Operations
Finance
Compliance
Property Management
Business Development
Risk Management
Corporate Affairs
Facilities Management
Chief Executive Officer
Chief Legal Officer
Real Estate Director
Property Manager
Facilities Manager
Legal Counsel
Corporate Secretary
Chief Financial Officer
Development Director
Operations Manager
Compliance Officer
Land Acquisition Manager
Project Manager
Risk Manager
Business Development Manager
Asset Manager
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