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Commercial Land Lease Agreement
"I need a Commercial Land Lease Agreement for a 2,000 square meter lot in Makati City, Philippines, to be used as a retail shopping complex with a 15-year lease term starting March 1, 2025, with an option to extend for two additional 5-year terms."
1. Parties: Identification of the Lessor and Lessee with complete legal names and addresses
2. Background: Context of the lease agreement 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, boundaries, and area
5. Lease Term: Duration of the lease, commencement date, and termination date
6. Rent and Payment Terms: Rental amount, payment schedule, security deposit, and other financial terms
7. Permitted Use: Specified commercial purposes for which the property may be used
8. Maintenance and Repairs: Responsibilities of both parties regarding property maintenance and repairs
9. Utilities and Services: Responsibilities for utility connections, payments, and related services
10. Insurance and Liability: Required insurance coverage and allocation of risks
11. Assignment and Subletting: Terms governing the transfer of lease rights or subletting the property
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 and addresses for formal communications between parties
16. General Provisions: Standard legal provisions including severability, entire agreement, and amendments
1. Option to Purchase: Terms for the lessee to purchase the property during or after the lease term
2. Property Improvements: Rights and obligations regarding modifications or improvements to the property
3. Environmental Compliance: Specific environmental obligations and compliance requirements
4. Right of First Refusal: Lessee's right to match any third-party offer to purchase the property
5. Force Majeure: Provisions for unexpected events or circumstances beyond parties' control
6. Property Management: Appointment and duties of property manager if applicable
7. Signage Rights: Terms governing installation and maintenance of commercial signage
8. Parking Rights: Specific provisions for parking areas if applicable
9. Common Areas: Rights and obligations regarding shared facilities if part of a larger complex
1. Schedule A - Property Details: Detailed technical description of the property including lot number, boundaries, and technical specifications
2. Schedule B - Floor Plans: Architectural plans and layouts of the leased premises
3. Schedule C - Rent Schedule: Detailed breakdown of rent payments, escalations, and other financial terms
4. Schedule D - Permitted Alterations: Pre-approved modifications or improvements that can be made to the property
5. Schedule E - Building Rules: Specific rules and regulations governing the use of the property
6. Schedule F - Condition Report: Initial condition assessment of the property at lease commencement
7. Schedule G - Insurance Requirements: Detailed specifications of required insurance coverage
8. Appendix 1 - Required Permits: List of necessary permits and licenses for commercial operation
9. Appendix 2 - Environmental Compliance Certificates: Copies of relevant environmental clearances and certificates
Authors
Alterations
Applicable Laws
Business Day
Commencement Date
Common Areas
Completion Certificate
Default Interest Rate
Environmental Laws
Event of Default
Expiry Date
Force Majeure Event
Improvements
Initial Term
Insurance Requirements
Land
Lease
Lease Period
Lease Year
Lessee
Lessor
Local Authority
Monthly Rental
Option Period
Permitted Use
Premises
Property
Property Manager
Renewal Term
Rent
Rent Review Date
Security Deposit
Service Charges
Taxes
Term
Termination Date
Utilities
VAT
Working Hours
Zoning Requirements
Term and Renewal
Rent and Payment
Security Deposit
Permitted Use
Utilities and Services
Maintenance and Repairs
Alterations and Improvements
Insurance
Assignment and Subletting
Property Access
Compliance with Laws
Environmental Compliance
Health and Safety
Signage Rights
Parking Rights
Common Areas
Force Majeure
Default and Remedies
Termination
Indemnification
Property Management
Taxes and Assessments
Representations and Warranties
Notice Requirements
Dispute Resolution
Governing Law
Severability
Entire Agreement
Amendment
Registration and Stamp Duty
Confidentiality
Anti-Money Laundering Compliance
Local Authority Requirements
Environmental Protection
Retail
Manufacturing
Hospitality
Office Space
Warehousing and Logistics
Healthcare
Education
Financial Services
Technology
Food and Beverage
Entertainment
Professional Services
Legal
Finance
Operations
Real Estate
Facilities Management
Risk and Compliance
Property Management
Business Development
Corporate Affairs
Administration
Chief Executive Officer
Chief Financial Officer
Property Manager
Real Estate Director
Legal Counsel
Operations Manager
Facilities Manager
Commercial Director
Business Development Manager
Risk Manager
Compliance Officer
Finance Director
Corporate Secretary
Real Estate Investment Manager
Asset Manager
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