Commercial Property Rental Agreement Template for Philippines

1. Parties: Identification of the Lessor and Lessee with complete legal names, addresses, and business registration details

2. Background: Context of the agreement, including brief description of the property and intended commercial use

3. Definitions: Definitions of key terms used throughout the agreement

4. Property Description: Detailed description of the leased premises, including exact location, floor area, and boundaries

5. Lease Term: Duration of the lease, commencement date, and termination date

6. Rent and Payment Terms: Rental amount, payment schedule, security deposit, advance rent, and escalation provisions

7. Utilities and Operating Expenses: Responsibility for utilities, maintenance, and other operating expenses

8. Use of Premises: Permitted commercial activities and restrictions on use

9. Maintenance and Repairs: Responsibilities for property maintenance, repairs, and improvements

10. Insurance and Liability: Required insurance coverage and allocation of risks

11. Default and Remedies: Events of default and corresponding remedies

12. Termination: Grounds for termination and surrender procedures

13. Governing Law: Specification of Philippine law as governing law and jurisdiction

14. Execution: Signature blocks and notarization requirements

1. Schedule 1 - Property Floor Plan: Detailed floor plan showing the leased premises and measurements

2. Schedule 2 - Rent Payment Schedule: Detailed breakdown of rent payments, including escalation rates

3. Schedule 3 - Inventory of Fixtures: List of fixtures and fittings included in the lease

4. Schedule 4 - House Rules: Building or property management rules and regulations

5. Schedule 5 - Fit-out Guidelines: Technical specifications and requirements for property modifications

6. Schedule 6 - Utility Rates: Current utility rates and calculation methods

7. Schedule 7 - Maintenance Schedule: Schedule of regular maintenance responsibilities

8. Appendix A - Required Permits: List of required government permits and licenses

9. Appendix B - Insurance Requirements: Detailed insurance coverage requirements and minimum amounts