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Multiple Tenant Lease Agreement
"I need a Multiple Tenant Lease Agreement for a three-story commercial building in Makati City, Philippines, which will house retail stores on the ground floor and office spaces on upper floors, with the lease term starting March 1, 2025."
1. Parties: Identification of the Lessor/Landlord and all Tenants, including their legal capacities and contact details
2. Background: Context of the agreement, description of the property, and general purpose of the lease arrangement
3. Definitions: Detailed definitions of terms used throughout the agreement, including 'Common Areas', 'Individual Units', 'Service Charges', etc.
4. Demise and Term: Specification of the lease term, commencement date, and description of individual units allocated to each tenant
5. Rent and Other Charges: Rental amounts, payment terms, security deposits, and other financial obligations including common area maintenance fees
6. Common Areas and Facilities: Rights and obligations regarding shared spaces, facilities, and amenities
7. Utilities and Services: Arrangements for utility connections, payments, and service provisions
8. Maintenance and Repairs: Responsibilities for maintenance of individual units and common areas
9. Use of Premises: Permitted uses of the property, restrictions, and compliance requirements
10. Insurance and Liability: Insurance requirements and allocation of risks between parties
11. Default and Remedies: Events of default, consequences, and available remedies
12. Termination: Grounds for termination, notice requirements, and consequences of termination
13. General Provisions: Standard clauses including governing law, notices, amendments, and dispute resolution
1. Property Management: Include when there's a separate property management company or specific management structure for the building
2. Security and Access Control: Include for properties with specific security systems or access protocols
3. Fit-out Works: Include for commercial properties where tenants may need to perform initial fit-out works
4. Environmental Obligations: Include for properties with specific environmental compliance requirements or green building standards
5. Parking Arrangements: Include when the property includes parking facilities that need specific allocation and rules
6. Operating Hours: Include for commercial properties with specific operating hour restrictions
7. Subletting and Assignment: Include when subletting or assignment rights are to be granted to tenants
8. Marketing and Signage: Include for commercial properties where tenants may need to display signs or conduct marketing activities
1. Schedule 1 - Property Floor Plans: Detailed floor plans showing individual units and common areas
2. Schedule 2 - Individual Unit Specifications: Specific details and conditions of each leased unit
3. Schedule 3 - Rent Schedule: Detailed breakdown of rent for each unit and payment schedules
4. Schedule 4 - House Rules: Detailed rules and regulations for the use of the property
5. Schedule 5 - Service Charge Allocation: Breakdown of service charges and allocation method among tenants
6. Schedule 6 - Maintenance Responsibilities Matrix: Detailed allocation of maintenance responsibilities between landlord and tenants
7. Schedule 7 - Fit-out Guidelines: Technical specifications and guidelines for any permitted fit-out works
8. Appendix A - Form of Rent Receipt: Standard format for rent receipts as required by Philippine law
9. Appendix B - Handover Form: Standard format for unit handover documentation
Authors
Real Estate
Commercial Property Management
Residential Property Management
Retail
Office Space Management
Mixed-Use Development
Shopping Centers
Industrial Parks
Student Housing
Co-working Spaces
Legal
Real Estate
Property Management
Operations
Facilities Management
Asset Management
Compliance
Finance
Maintenance
Security
Tenant Relations
Administration
Property Manager
Real Estate Manager
Facility Manager
Legal Counsel
Building Administrator
Asset Manager
Leasing Manager
Operations Manager
Property Development Manager
Real Estate Director
Compliance Officer
Tenant Relations Manager
Building Maintenance Supervisor
Real Estate Investment Manager
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