Lease Renewal Agreement Template for Philippines

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

2. Background: Reference to the original lease agreement, its date of execution, and current expiration date

3. Definitions: Key terms used in the agreement including 'Original Lease', 'Renewal Term', 'Premises', and 'Effective Date'

4. Renewal Term: Specification of the new lease period, including start and end dates

5. Rent and Payment Terms: Details of the renewed rental amount, payment schedule, and any adjustments to the original payment terms

6. Confirmation of Original Terms: Statement confirming that all other terms and conditions of the original lease remain in full force and effect

7. Modifications to Original Lease: Clear articulation of any changes to the original lease terms that will apply during the renewal period

8. Representations and Warranties: Statements by both parties confirming their authority to enter into the renewal agreement and that the original lease is in good standing

9. Execution: Signature blocks for all parties and witnesses as required under Philippine law

1. Schedule A - Premises Description: Detailed description of the leased property, including any modifications since original lease

2. Schedule B - Rent Payment Schedule: Detailed breakdown of rent payments, including any escalations during the renewal term

3. Schedule C - Inventory List: Updated list of any furniture, fixtures, or equipment included in the lease

4. Appendix 1 - Original Lease Agreement: Copy of the original lease agreement for reference

5. Appendix 2 - Property Condition Report: Current condition assessment of the property at renewal

6. Appendix 3 - Certificates and Permits: Updated copies of relevant certificates, permits, or licenses