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Yard Lease Agreement Template for Philippines

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Key Requirements PROMPT example:

Yard Lease Agreement

"I need a Yard Lease Agreement for a 2,000 square meter industrial yard in Cebu City, Philippines, to be used for container storage and logistics operations, with a 5-year term starting March 1, 2025, and including an option for two 3-year renewals."

Document background
The Yard Lease Agreement is a crucial legal instrument used in the Philippines when a property owner (lessor) grants another party (lessee) the right to use an outdoor space or yard for commercial or industrial purposes. This document type is essential for businesses requiring substantial outdoor operational space and must comply with Philippine property laws, including the Civil Code of the Philippines and local government regulations. The agreement typically covers key aspects such as lease duration, rental payments, permitted activities, maintenance obligations, and compliance requirements. It's particularly important in commercial and industrial zones where specific land use restrictions and environmental regulations apply. The document should be drafted with careful consideration of Philippine legal requirements, including proper registration with relevant authorities and compliance with local business permits and environmental standards.
Suggested Sections

1. Parties: Identification and details of the Lessor and Lessee, including complete legal names, addresses, and business registration details if applicable

2. Background: Context of the agreement and brief description of the yard property and intended use

3. Definitions: Definitions of key terms used throughout the agreement

4. Property Description: Detailed description of the yard, including exact location, boundaries, and total area

5. Term and Renewal: Duration of the lease, commencement date, expiration, and renewal provisions

6. Rent and Security Deposit: Rental amount, payment terms, security deposit requirements, and any escalation clauses

7. Permitted Use: Specified allowed uses of the yard and any restrictions on use

8. Maintenance and Repairs: Responsibilities of each party regarding maintenance, repairs, and improvements

9. Utilities and Expenses: Allocation of responsibility for utilities, taxes, and other operating expenses

10. Insurance and Liability: Required insurance coverage and liability provisions

11. Default and Remedies: Events of default and corresponding remedies available to either party

12. Termination: Conditions and procedures for early termination

13. Governing Law: Specification of Philippine law as governing law and jurisdiction

14. Execution: Signature blocks and execution requirements

Optional Sections

1. Environmental Compliance: Required when the yard will be used for activities that may have environmental impact

2. Subletting and Assignment: Include when subletting or assignment rights are to be granted to the lessee

3. Construction and Improvements: Needed when the lessee is permitted to make significant modifications to the yard

4. Access and Security: Important for yards requiring specific security arrangements or where access needs to be controlled

5. Force Majeure: Particularly relevant in areas prone to natural disasters or where operations might be affected by extraordinary events

6. Option to Purchase: Include when giving the lessee the option to purchase the property during or after the lease term

7. Broker Provisions: Required when a broker was involved in the transaction

Suggested Schedules

1. Schedule A - Property Plan: Detailed site plan showing boundaries, access points, and existing structures

2. Schedule B - Rent Schedule: Detailed breakdown of rent payments, including any escalations over the lease term

3. Schedule C - Permitted Improvements: List and specifications of improvements the lessee is authorized to make

4. Schedule D - Condition Report: Documentation of the yard's condition at the start of the lease

5. Schedule E - Environmental Baseline: Environmental assessment report if required for the intended use

6. Appendix 1 - Required Permits: List of permits and licenses required for the intended use

7. Appendix 2 - Insurance Requirements: Detailed insurance specifications and minimum coverage requirements

Authors

Alex Denne

Head of Growth (Open Source Law) @ 抖阴短视频 | 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

Logistics and Warehousing

Manufacturing

Construction

Automotive

Transportation

Agriculture

Waste Management

Container Storage

Heavy Equipment Storage

Industrial Processing

Retail Distribution

Mining

Energy

Relevant Teams

Legal

Operations

Facilities Management

Real Estate

Compliance

Property Management

Supply Chain

Procurement

Risk Management

Environmental Health and Safety

Finance

Business Development

Relevant Roles

Property Manager

Facilities Manager

Operations Director

Legal Counsel

Real Estate Manager

Compliance Officer

Business Development Manager

Logistics Manager

Site Manager

Contract Administrator

Chief Operating Officer

Real Estate Director

Environmental Health and Safety Manager

Supply Chain Manager

Commercial Director

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, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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