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Development Lease Agreement
"I need a Development Lease Agreement for a 5-hectare commercial property in Makati City, Philippines, where we'll construct a mixed-use development with retail and office spaces, with construction starting March 2025 and including specific provisions for green building certification and sustainable development practices."
1. Parties: Identification of the Lessor and Lessee/Developer with complete legal names and addresses
2. Background: Context of the agreement, including property description and development intention
3. Definitions: Defined terms used throughout the agreement
4. Grant of Lease: Terms of the lease grant, including duration and purpose
5. Development Rights and Obligations: Specific rights and obligations regarding property development
6. Development Timeline: Construction and development milestones and completion dates
7. Rent and Other Payments: Rental structure, development fees, and payment terms
8. Security Deposit and Advance Rent: Details of security deposit and any advance rent requirements
9. Permits and Approvals: Requirements for obtaining necessary governmental permits and approvals
10. Use of Premises: Permitted use of the property during and after development
11. Maintenance and Repairs: Responsibilities for property maintenance and repairs
12. Insurance: Required insurance coverage during development and lease period
13. Assignment and Subletting: Terms governing transfer of rights or subletting
14. Default and Termination: Events of default and termination procedures
15. Governing Law and Dispute Resolution: Applicable law and dispute resolution mechanisms
1. Environmental Compliance: Required when the development has significant environmental impact or requires environmental clearances
2. Heritage Preservation: Included when the property has historical or cultural significance
3. Community Relations: Required for developments in densely populated areas or with significant community impact
4. Financing Provisions: Included when development is subject to external financing arrangements
5. Force Majeure: Detailed force majeure provisions for high-risk developments
6. Pre-existing Tenancies: Required when dealing with property having existing tenants
7. Utilities and Infrastructure: Detailed provisions for developments requiring significant utility or infrastructure work
8. Sustainable Development Requirements: Included when green building or sustainable development standards apply
1. Property Description: Detailed technical description of the property including boundaries and technical specifications
2. Development Plans: Architectural plans, drawings, and technical specifications
3. Construction Timeline: Detailed construction and development milestones with specific dates
4. Rent Schedule: Detailed breakdown of rent calculations and payment schedules
5. Required Permits and Licenses: List of all required governmental approvals and their status
6. Environmental Requirements: Environmental standards and compliance requirements
7. Insurance Requirements: Detailed insurance coverage requirements and minimum limits
8. Form of Bank Guarantee/Security Deposit: Template for bank guarantee or security deposit arrangements
9. Building Specifications: Detailed building specifications and quality standards
10. Handover Conditions: Specifications for property condition upon completion of development
Authors
Applicable Laws
Approved Plans
Building Permits
Certificate of Completion
Commencement Date
Common Areas
Construction Period
Construction Schedule
Default
Development Cost
Development Period
Development Plans
Development Rights
Environmental Laws
Environmental Permits
Events of Default
Force Majeure
Gross Floor Area
Improvements
Initial Term
Land
Lease
Lease Period
Lease Year
Lessee/Developer
Lessor
Local Government Unit
Occupancy Permits
Operating Expenses
Option Period
Parties
Permitted Use
Planning Permissions
Premises
Project
Property
Renewal Term
Rent
Rent Commencement Date
Security Deposit
Site
Specifications
Substantial Completion
Term
Utilities
Zoning Requirements
Development Rights
Construction Obligations
Permits and Approvals
Payment Terms
Security Deposit
Insurance
Environmental Compliance
Force Majeure
Property Access
Development Timeline
Quality Standards
Utilities and Services
Assignment and Subletting
Maintenance and Repairs
Default and Remedies
Termination
Dispute Resolution
Representations and Warranties
Indemnification
Compliance with Laws
Health and Safety
Labor Standards
Confidentiality
Notices
Amendment
Severability
Entire Agreement
Governing Law
Construction Standards
Site Inspection
Handover Requirements
Building Specifications
Zoning Compliance
Property Use Restrictions
Real Estate Development
Construction
Commercial Property
Retail
Industrial Development
Hospitality
Mixed-use Development
Infrastructure
Shopping Centers
Office Buildings
Residential Development
Warehouse and Logistics
Legal
Real Estate
Development
Construction
Compliance
Property Management
Finance
Operations
Facilities Management
Project Management
Commercial
Real Estate Development Manager
Property Manager
Legal Counsel
Construction Project Manager
Chief Development Officer
Facilities Manager
Compliance Officer
Real Estate Director
Commercial Director
Investment Manager
Development Executive
Asset Manager
Leasing Manager
Operations Director
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