Commercial Building Lease Agreement Template for Philippines

1. Fit-out Period: Terms for initial renovation period, used when premises require tenant improvements

2. Common Areas: Rules and cost sharing for common areas, relevant for multi-tenant buildings

3. Signage Rights: Terms for external and internal signage, important for retail or prominent commercial tenants

4. Parking: Allocation and terms of parking spaces, if applicable

5. Subletting and Assignment: Rights and restrictions regarding subletting, needed for tenants requiring flexibility

6. Force Majeure: Provisions for unforeseen circumstances, particularly relevant post-COVID

7. Environmental Compliance: Special environmental obligations, important for industrial or heavy commercial use

8. Operating Hours: Specific provisions for business hours, relevant for retail or customer-facing businesses

1. Floor Plan: Detailed plan showing the leased area and measurements

2. Rent Schedule: Detailed breakdown of rent payments and escalation dates

3. Building Rules and Regulations: Comprehensive rules governing the use of the building

4. Fit-out Guidelines: Technical specifications for any tenant improvements

5. Service Charge Schedule: Breakdown of additional charges and building services

6. Handover Condition Report: Documentation of property condition at commencement

7. Maintenance Schedule: Schedule of regular maintenance responsibilities

8. Insurance Requirements: Detailed insurance specifications and minimum coverage requirements