Commercial Rental Agreement Template for Philippines

1. Parties: Identification of the Lessor and Lessee with complete legal names, addresses, and tax identification numbers

2. Background: Context of the agreement and brief description of the commercial property

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

4. Property Description: Detailed description of the leased premises including exact location, size, 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, and advance rent requirements

7. Utilities and Operating Expenses: Allocation of responsibility for utilities, maintenance, and other operating costs

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

9. Maintenance and Repairs: Responsibilities of each party for maintenance, repairs, and improvements

10. Insurance and Liability: Required insurance coverage and liability allocation between parties

11. Default and Remedies: Events of default and corresponding remedies available to either party

12. Termination: Conditions and procedures for early termination or non-renewal

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

14. Execution: Signature blocks and notarization requirements

1. Schedule A - Property Floor Plan: Detailed floor plan showing exact measurements and boundaries of the leased space

2. Schedule B - Inventory List: List of fixtures, furniture, or equipment included in the lease

3. Schedule C - Building Rules and Regulations: Specific rules governing the use of the building and common areas

4. Schedule D - Fit-out Guidelines: Technical specifications for any permitted renovations or improvements

5. Schedule E - Utility Meters and Readings: Initial meter readings and meter numbers for utilities

6. Schedule F - Maintenance Schedule: Regular maintenance schedule and responsibilities

7. Appendix 1 - Required Permits: List of necessary business permits and licenses

8. Appendix 2 - Insurance Requirements: Detailed insurance requirements and minimum coverage amounts