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Commercial Property Rental Agreement
"I need a Commercial Property Rental Agreement for a 200-square-meter retail space in a shopping mall in Manila, with a 5-year term starting March 1, 2025, including specific provisions for 24/7 operations and food service requirements."
1. Parties: Identification of the Lessor and Lessee with complete legal names, addresses, and business registration details
2. Background: Context of the agreement, including brief description of the property and intended commercial use
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Description: Detailed description of the leased premises, including exact location, floor area, and boundaries
5. Lease Term: Duration of the lease, commencement date, and termination date
6. Rent and Payment Terms: Rental amount, payment schedule, security deposit, advance rent, and escalation provisions
7. Utilities and Operating Expenses: Responsibility for utilities, maintenance, and other operating expenses
8. Use of Premises: Permitted commercial activities and restrictions on use
9. Maintenance and Repairs: Responsibilities for property maintenance, repairs, and improvements
10. Insurance and Liability: Required insurance coverage and allocation of risks
11. Default and Remedies: Events of default and corresponding remedies
12. Termination: Grounds for termination and surrender procedures
13. Governing Law: Specification of Philippine law as governing law and jurisdiction
14. Execution: Signature blocks and notarization requirements
1. Subletting and Assignment: Terms for subletting or assigning the lease, if permitted
2. Fit-out Period: Terms and conditions for initial renovation or fit-out period, if applicable
3. Operating Hours: Specific requirements regarding business hours and access, particularly relevant for mall or office building locations
4. Signage Rights: Terms regarding installation and maintenance of business signage
5. Common Areas: Rules and costs related to common areas, particularly relevant for multi-tenant buildings
6. Force Majeure: Provisions for unforeseen circumstances preventing performance of obligations
7. Environmental Compliance: Specific environmental obligations and compliance requirements
8. Parking Rights: Allocation and terms of parking spaces, if included
9. Security Arrangements: Special security requirements or arrangements
1. Schedule 1 - Property Floor Plan: Detailed floor plan showing the leased premises and measurements
2. Schedule 2 - Rent Payment Schedule: Detailed breakdown of rent payments, including escalation rates
3. Schedule 3 - Inventory of Fixtures: List of fixtures and fittings included in the lease
4. Schedule 4 - House Rules: Building or property management rules and regulations
5. Schedule 5 - Fit-out Guidelines: Technical specifications and requirements for property modifications
6. Schedule 6 - Utility Rates: Current utility rates and calculation methods
7. Schedule 7 - Maintenance Schedule: Schedule of regular maintenance responsibilities
8. Appendix A - Required Permits: List of required government permits and licenses
9. Appendix B - Insurance Requirements: Detailed insurance coverage requirements and minimum amounts
Authors
Retail
Office Space
Industrial
Hospitality
Food and Beverage
Healthcare
Education
Banking and Finance
Technology
Logistics and Warehousing
Manufacturing
Professional Services
Legal
Real Estate
Facilities Management
Operations
Finance
Compliance
Risk Management
Property Management
Business Development
Administration
Real Estate Manager
Property Manager
Legal Counsel
Business Development Manager
Operations Director
Facilities Manager
Chief Financial Officer
Commercial Director
Compliance Officer
Real Estate Broker
Corporate Lawyer
Risk Manager
Building Manager
Lease Administrator
Store Manager
Branch Manager
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