Commercial Lease Assumption Agreement Template for Philippines

1. Guarantees: Required when there are existing or new lease guarantees to be addressed

2. Broker Provisions: Include when real estate brokers are involved in the transaction

3. Improvements and Fixtures: Needed when there are specific arrangements regarding existing tenant improvements

4. Environmental Matters: Include for properties with potential environmental concerns or specific requirements

5. Assignment Conditions: Additional conditions specific to the assignment when required by the Landlord

6. Insurance Requirements: Specific insurance obligations when different from the original lease or requiring special mention

7. Dispute Resolution: Optional alternative dispute resolution procedures if parties want to specify mediation or arbitration

1. Schedule A - Original Lease: Copy or summary of the original lease agreement and any amendments

2. Schedule B - Premises Details: Detailed description of the leased premises, including floor plans if applicable

3. Schedule C - Rent Schedule: Current and future rent obligations, including any escalations

4. Schedule D - Security Deposit Details: Specifics of security deposit transfer or replacement arrangements

5. Schedule E - Outstanding Obligations: List of any outstanding obligations or liabilities under the original lease

6. Appendix 1 - Consent Requirements: Specific requirements from the Landlord for providing consent to the assumption

7. Appendix 2 - Condition Report: Current condition of the premises at the time of assumption