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Commercial Tenancy Agreement
"I need a Commercial Tenancy Agreement for a retail space in a Manila shopping center, starting March 1, 2025, with specific provisions for operating hours, signage rights, and a percentage rent structure based on monthly sales."
1. Parties: Identification of the Lessor and Lessee with complete legal names and addresses
2. Background: Context of the agreement and brief description of the premises and intended use
3. Definitions: Definitions of key terms used throughout the agreement
4. Demise: The formal granting of the lease and specification of the premises
5. Term: Duration of the lease, commencement date, and expiry date
6. Rent and Other Payments: Rental amount, payment schedule, security deposit, advance rent, and other financial obligations
7. Use of Premises: Permitted use of the premises and any restrictions
8. Maintenance and Repairs: Responsibilities of both parties regarding maintenance, repairs, and improvements
9. Utilities and Services: Provisions regarding utility connections, payments, and building services
10. Insurance: Required insurance coverage for both parties
11. Assignment and Subletting: Terms governing the transfer of lease rights or subletting
12. Lessor's Covenants: Obligations and warranties of the property owner
13. Lessee's Covenants: Obligations and warranties of the tenant
14. Default and Remedies: Events of default and corresponding remedies
15. Termination: Conditions and procedures for lease termination
16. Governing Law: Specification of Philippine law as governing law
17. Dispute Resolution: Procedures for resolving disputes
18. Notices: Method and addresses for formal communications
19. General Provisions: Miscellaneous legal provisions including severability, entire agreement, and amendments
1. Fit-out Period: Terms for initial renovation period, used when premises require tenant improvements
2. Operating Hours: Specific provisions about business hours, needed for mall locations or multi-tenant buildings
3. Common Areas: Rules for shared facilities, needed in multi-tenant properties
4. Signage Rights: Terms for external and internal signage, important for retail premises
5. Environmental Compliance: Special environmental obligations, needed for industrial or manufacturing use
6. Force Majeure: Provisions for unforeseen circumstances, particularly relevant post-COVID
7. Option to Renew: Terms for lease renewal, included when agreed by parties
8. Right of First Refusal: Tenant's right to match purchase offers, included when negotiated
9. Exclusivity Clause: Restrictions on competing businesses, relevant for retail locations
1. Schedule 1 - Property Details: Detailed description of premises including floor plans and measurements
2. Schedule 2 - Rent Schedule: Detailed breakdown of rent, escalation rates, and payment terms
3. Schedule 3 - Condition Report: Documentation of premises condition at commencement
4. Schedule 4 - House Rules: Building rules and regulations
5. Schedule 5 - Fit-out Guidelines: Technical specifications for tenant improvements
6. Schedule 6 - Service Charges: Breakdown of additional charges and building services
7. Schedule 7 - Handover Inventory: List of fixtures and fittings included in the lease
8. Appendix A - Required Permits: List of necessary government permits and licenses
9. Appendix B - Insurance Requirements: Detailed insurance specifications
Authors
Advance Rent
Building
Building Rules and Regulations
Business Day
Commencement Date
Common Areas
Consent
Deposit
Expiry Date
Fair Wear and Tear
Fit-out Period
Fit-out Works
Force Majeure Event
Government Authority
Gross Floor Area
Initial Term
Lease Year
Lessee
Lessor
Maintenance Charges
Net Floor Area
Notice
Operating Expenses
Option to Renew
Parties
Permitted Use
Premises
Property
Renewal Term
Rent
Rent Commencement Date
Security Deposit
Service Charges
Term
Utilities
Value Added Tax
Working Hours
Term
Rent
Security Deposit
Permitted Use
Assignment and Subletting
Alterations and Improvements
Maintenance and Repair
Utilities
Insurance
Indemnification
Default and Remedies
Termination
Force Majeure
Access Rights
Quiet Enjoyment
Common Areas
Building Rules
Compliance with Laws
Environmental Compliance
Health and Safety
Signage
Operating Hours
Security
Representations and Warranties
Dispute Resolution
Governing Law
Notices
Waiver
Severability
Entire Agreement
Amendment
Registration
Confidentiality
Property Tax
Service Charges
Option to Renew
Right of First Refusal
Surrender of Premises
Real Estate
Retail
Office Space
Industrial
Hospitality
Food and Beverage
Healthcare
Manufacturing
Logistics
Professional Services
Entertainment
Education
Technology
Legal
Real Estate
Operations
Finance
Compliance
Facilities Management
Asset Management
Risk Management
Property Management
Business Development
Administration
Property Manager
Real Estate Manager
Business Owner
Commercial Director
Facilities Manager
Legal Counsel
Chief Financial Officer
Operations Manager
Leasing Manager
Asset Manager
Compliance Officer
Real Estate Director
Business Development Manager
Store Manager
Regional Manager
Corporate Secretary
Risk Manager
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