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1. Parties: Identification of the Property Owner (Lessor) and Management Company (Lessee/Manager), including their complete legal names, addresses, and corporate details
2. Background: Context of the agreement, description of the property, and purpose of the management lease arrangement
3. Definitions: Detailed definitions of terms used throughout the agreement
4. Grant of Lease and Management Rights: Specific rights granted to the management company, including both lease and management authority
5. Term and Renewal: Duration of the agreement, commencement date, and renewal provisions
6. Rent and Management Fees: Financial terms, including base rent, management fees, performance-based compensation, and payment terms
7. Management Company's Obligations: Detailed responsibilities including property maintenance, tenant management, financial reporting, and operational duties
8. Property Owner's Obligations: Responsibilities of the owner, including providing necessary documentation, insurance, and structural maintenance
9. Operating Expenses and Budgets: Allocation of expenses, budget approval process, and financial management procedures
10. Maintenance and Repairs: Responsibilities and procedures for property maintenance, repairs, and improvements
11. Insurance and Liability: Required insurance coverage, indemnification provisions, and allocation of risks
12. Default and Remedies: Events of default, cure periods, and available remedies for both parties
13. Termination: Grounds for termination, notice requirements, and post-termination obligations
14. Governing Law and Dispute Resolution: Applicable law and procedures for resolving disputes
1. Environmental Compliance: Required when the property has specific environmental considerations or requirements
2. Foreign Ownership Provisions: Necessary when either party is a foreign entity, addressing compliance with Philippine foreign ownership restrictions
3. Sub-leasing Rights: Include when the management company is granted rights to sub-lease the property
4. Development Rights: Required when the agreement includes property development or major renovation rights
5. Special Use Provisions: Necessary for properties with specific use restrictions or requirements (e.g., retail, industrial)
6. Force Majeure: Optional but recommended section detailing handling of unforeseen circumstances
7. Marketing and Branding: Include when specific marketing rights or branding requirements are part of the management scope
1. Schedule A - Property Description: Detailed description of the property, including legal description, boundaries, and included facilities
2. Schedule B - Inventory List: Comprehensive inventory of furniture, fixtures, and equipment included in the lease
3. Schedule C - Service Level Agreements: Detailed performance metrics and service standards for the management company
4. Schedule D - Fee Structure: Detailed breakdown of all fees, including management fees, performance bonuses, and expense allocations
5. Schedule E - Maintenance Schedule: Required maintenance activities and their frequency
6. Schedule F - Operating Procedures: Standard operating procedures for property management
7. Appendix 1 - Required Insurance: Detailed insurance requirements and minimum coverage levels
8. Appendix 2 - Reporting Templates: Standard formats for required financial and operational reports
9. Appendix 3 - Emergency Procedures: Emergency response protocols and contact information
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