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1. Parties: Identification and details of the Lessor and Lessee, including complete legal names, addresses, and tax identification numbers
2. Background: Context of the lease arrangement and brief description of the property
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 included facilities
5. Lease Term: Duration of the lease, commencement date, and renewal provisions
6. Rent and Security Deposit: Rental amount, payment terms, security deposit requirements, and adjustment mechanisms
7. Utilities and Operating Expenses: Responsibilities for utility payments and other operating expenses
8. Use of Premises: Permitted use of the property and any restrictions
9. Maintenance and Repairs: Responsibilities of both parties regarding property maintenance and repairs
10. Alterations and Improvements: Rules regarding modifications to the property
11. Insurance and Liability: Insurance requirements and allocation of risks
12. Default and Remedies: Events of default and available remedies for both parties
13. Termination: Conditions and procedures for lease termination
14. Governing Law and Jurisdiction: Specification of Philippine law as governing law and jurisdiction for disputes
15. Notices: Process for sending formal notices between parties
16. Execution: Signature blocks and execution requirements
1. Broker Representation: Required if a real estate broker was involved in the transaction
2. Subletting and Assignment: Include if subletting or assignment rights are to be granted to the lessee
3. Force Majeure: Detailed provisions for unforeseen events, particularly relevant post-COVID
4. Environmental Compliance: Required for properties in environmentally sensitive areas or with specific environmental requirements
5. Building Rules and Regulations: Include if the building has specific rules that need to be incorporated into the lease
6. Parking Rights: Include if parking spaces are part of the lease
7. Signage Rights: Include for commercial leases where tenant signage is permitted
8. Common Areas: Required for buildings with shared facilities
9. Fit-out Period: Include if tenant will be performing initial improvements
10. Option to Purchase: Include if lessee is granted an option to purchase the property
1. Schedule A - Property Floor Plan: Detailed floor plan of the leased premises
2. Schedule B - Inventory of Fixtures and Fittings: List of all fixtures, fittings, and equipment included in the lease
3. Schedule C - Service Charges Breakdown: Detailed breakdown of service charges and other additional costs
4. Schedule D - Building Rules and Regulations: Complete set of building rules and regulations
5. Schedule E - Fit-out Guidelines: Technical specifications and guidelines for tenant improvements
6. Schedule F - Handover Form: Form to document the condition of the property at handover
7. Schedule G - Maintenance Schedule: Schedule of regular maintenance responsibilities
8. Appendix 1 - Required Permits and Certificates: Copies of all relevant building permits and certificates
9. Appendix 2 - Insurance Requirements: Detailed insurance specifications and requirements
10. Appendix 3 - Form of Bank Guarantee: Template for bank guarantee if required as security
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