Collateral Agreement (Real Estate) Template for Philippines

1. Insurance Requirements: Detailed insurance obligations when specific insurance coverage is required beyond standard property insurance

2. Property Management: Specific requirements for property management when the collateral is income-generating real estate

3. Environmental Matters: Environmental representations and obligations when the property has potential environmental risks

4. Further Assurance: Additional undertakings and requirements when enhanced security or documentation might be needed

5. Cross-Collateralization: Provisions linking the collateral to other obligations when multiple loans are secured

6. Release Provisions: Specific conditions and procedures for releasing the security when partial releases might be contemplated

7. Leasing Restrictions: Restrictions on leasing the property when the secured party wants control over tenant relationships

8. Substitution Rights: Rights to substitute collateral when such flexibility might be needed

1. Property Description Schedule: Detailed technical description of the property, including metes and bounds, tax declaration numbers, and title details

2. Title Documents: Copies of property titles, tax declarations, and other ownership documents

3. Secured Obligations Schedule: Detailed list of all secured obligations, including payment schedules and interest calculations

4. Insurance Certificates: Copies of required insurance policies and certificates

5. Property Valuation: Professional appraisal report or valuation of the property

6. Corporate Authorizations: Corporate resolutions and authorizations if parties are corporations

7. Registration Requirements: List of documents required for registering the security interest

8. Existing Encumbrances: List of any existing liens, encumbrances, or restrictions on the property