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Space Rental Agreement Template for Philippines

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Key Requirements PROMPT example:

Space Rental Agreement

"I need a Space Rental Agreement for a 200-square-meter retail space in Makati City, Philippines, with a 5-year term starting March 1, 2025, including provisions for signage rights and the option to renew for an additional 3 years."

Document background
The Space Rental Agreement is a crucial legal instrument used in the Philippines when one party (the lessor) agrees to grant another party (the lessee) the right to occupy and use a specific space for a defined period in exchange for rent. This document is essential for both commercial and residential property transactions in the Philippine market, requiring compliance with local property laws, including the Civil Code of the Philippines, the Rent Control Act, and relevant local government regulations. The agreement typically includes detailed provisions about the premises, rental terms, security deposits, maintenance obligations, and other critical terms that govern the landlord-tenant relationship. It's particularly important given the specific requirements of Philippine property law and the need to protect both parties' interests in rental transactions.
Suggested Sections

1. Parties: Identifies and provides complete details of the Lessor and Lessee, including their legal names, addresses, and contact information

2. Background: Establishes the context of the agreement and the parties' intent to enter into a lease arrangement

3. Definitions: Defines key terms used throughout the agreement to ensure clear interpretation

4. Premises Description: Detailed description of the rental space, including its exact location, measurements, and included facilities

5. Term and Commencement: Specifies the duration of the lease and its start date

6. Rent and Payment Terms: Details the rental amount, payment schedule, and acceptable payment methods

7. Security Deposit: Specifies the amount, terms of holding, and conditions for return of the security deposit

8. Utilities and Services: Outlines responsibilities for utility connections, payments, and included services

9. Use of Premises: Specifies permitted uses of the space and any restrictions

10. Maintenance and Repairs: Defines responsibilities for maintenance, repairs, and improvements

11. Insurance and Liability: Outlines insurance requirements and allocation of risks

12. Default and Remedies: Describes events of default and available remedies for both parties

13. Termination: Specifies conditions and procedures for early termination

14. Governing Law: Establishes Philippine law as governing law and jurisdiction

15. General Provisions: Standard contractual provisions including notices, amendments, and severability

Optional Sections

1. Fit-out Period: Used for commercial spaces requiring initial modifications, specifying the duration and conditions for fit-out work

2. Operating Hours: For commercial spaces, defining permitted hours of operation

3. Common Areas: For spaces in larger buildings or complexes, defining rights and rules regarding common areas

4. Subletting and Assignment: If subletting or assignment is permitted, detailing the conditions and approval process

5. Option to Renew: If applicable, terms and conditions for lease renewal

6. Right of First Refusal: If granted, terms for tenant's right to match third-party offers

7. Signage Rights: For commercial spaces, regulations regarding external and internal signage

8. Parking: If parking is included, specifying allocation and rules

9. Force Majeure: Provisions for extraordinary circumstances affecting the lease

10. Environmental Compliance: For industrial or specialized commercial spaces requiring environmental considerations

Suggested Schedules

1. Schedule A - Floor Plan: Detailed floor plan of the leased premises

2. Schedule B - Inventory List: List of fixtures, furniture, or equipment included in the lease

3. Schedule C - House Rules: Building or property rules and regulations

4. Schedule D - Fit-out Guidelines: Technical specifications and requirements for space modifications

5. Schedule E - Service Charges: Breakdown of additional charges and maintenance fees

6. Schedule F - Handover Form: Condition report of the premises at handover

7. Schedule G - Utility Meters: Initial meter readings and meter numbers for utilities

8. Appendix 1 - Required Permits: List of necessary permits and licenses for space occupation

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

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 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

Real Estate

Retail

Office Space

Industrial

Hospitality

Education

Healthcare

Warehousing

Food and Beverage

Entertainment

Professional Services

Manufacturing

Technology

Co-working Spaces

Relevant Teams

Legal

Facilities Management

Real Estate

Operations

Finance

Procurement

Administration

Compliance

Corporate Services

Business Development

Relevant Roles

Property Manager

Facilities Manager

Real Estate Agent

Legal Counsel

Business Development Manager

Operations Manager

Administrative Officer

Finance Director

Procurement Manager

Compliance Officer

Real Estate Director

Office Manager

Store Manager

Branch Manager

Corporate Services Manager

Leasing Manager

Contract Administrator

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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