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Property Licence Agreement
"I need a Property License Agreement for a retail space in Manila's Makati district, where my company will operate a pop-up store for six months starting March 1, 2025, with an option to extend for another six months."
1. Parties: Identifies and provides full details of the Licensor and Licensee, including registration details for companies or ID information for individuals
2. Background: Establishes the context of the agreement, including brief description of the property and the parties' intention to enter into a license arrangement
3. Definitions: Defines key terms used throughout the agreement, including 'Property', 'License Period', 'Permitted Use', and other relevant terms
4. Grant of License: Specifies the exact nature and scope of the license being granted, including any restrictions on use
5. License Period: Details the duration of the license, including start date, end date, and any renewal provisions
6. License Fee: Specifies the amount, payment schedule, and method of payment for the license
7. Use of Property: Details permitted and prohibited uses of the property
8. Licensee's Obligations: Lists all responsibilities and obligations of the Licensee, including maintenance, compliance with laws, etc.
9. Licensor's Obligations: Outlines the Licensor's commitments and responsibilities
10. Insurance and Liability: Specifies insurance requirements and allocation of risks between parties
11. Termination: Sets out circumstances under which the agreement can be terminated and the consequences of termination
12. Governing Law and Jurisdiction: Confirms the application of Philippine law and specifies jurisdiction for dispute resolution
1. Fit-Out Works: Include when the Licensee is permitted to make modifications to the property
2. Utilities and Services: Include when there are specific arrangements for utilities, maintenance services, or shared facilities
3. Security Deposit: Include when a security deposit is required from the Licensee
4. Assignment and Sublicensing: Include when there's a need to explicitly address whether the Licensee can transfer rights or sublicense
5. Force Majeure: Include when parties want specific provisions for unforeseen circumstances
6. Environmental Compliance: Include for properties where environmental regulations are particularly relevant
7. Operating Hours: Include when the property use is restricted to specific hours or days
1. Schedule 1 - Property Description: Detailed description of the licensed property, including floor plans, boundaries, and included fixtures
2. Schedule 2 - License Fee Schedule: Detailed breakdown of license fees, payment dates, and escalation provisions
3. Schedule 3 - Property Rules and Regulations: Specific rules governing the use of the property
4. Schedule 4 - Condition Report: Detailed description of the property's condition at the start of the license period
5. Schedule 5 - Insurance Requirements: Specific details of required insurance coverage
6. Appendix A - Required Permits and Licenses: List of governmental permits and licenses required for the intended use
7. Appendix B - Service Level Agreement: If applicable, details of any services to be provided by the Licensor
Authors
Real Estate
Commercial Property
Retail
Education
Healthcare
Hospitality
Industrial
Technology
Professional Services
Government and Public Sector
Non-Profit
Legal
Real Estate
Facilities Management
Operations
Finance
Risk and Compliance
Property Management
Business Development
Administrative Services
Corporate Services
Real Estate Manager
Property Manager
Facilities Manager
Legal Counsel
Corporate Real Estate Director
Operations Manager
Asset Manager
Business Development Manager
Contract Administrator
Chief Financial Officer
Risk Manager
Compliance Officer
Real Estate Agent
Property Development Manager
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