Commercial Property Contract Template for Philippines

1. Fit-Out Period: Terms and conditions for initial renovation or modification period, used when the property requires tenant improvements

2. Extension Options: Terms for extending the contract period, included when parties agree to possible extensions

3. Property Management: Responsibilities for property management, included for larger commercial properties or multi-tenant buildings

4. Environmental Compliance: Special provisions for environmental requirements, included for industrial or environmentally sensitive properties

5. Subletting and Assignment: Terms for transferring rights to third parties, included when such transfers might be permitted

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

7. Break Clause: Early termination provisions, included when parties agree to potential early exit options

8. Common Areas: Rules and costs for shared spaces, included for properties in commercial complexes

1. Property Plans: Detailed floor plans, site maps, and technical specifications of the property

2. Title Documents: Copy of the title, tax declaration, and other property ownership documents

3. Payment Schedule: Detailed breakdown of payment terms, including amounts and due dates

4. Building Rules and Regulations: Specific rules governing the use and maintenance of the property

5. Handover Inventory: List of fixtures, fittings, and condition report at handover

6. Permits and Certificates: Copies of relevant business permits, zoning clearances, and safety certificates

7. Service Charges: Breakdown of additional charges and maintenance fees

8. Insurance Requirements: Detailed specifications of required insurance coverage