License Agreement Tenancy Template for Philippines

The License Agreement Tenancy is a crucial document in Philippine property law that provides a flexible alternative to traditional lease agreements. It is particularly useful for situations requiring shorter terms, specific use limitations, or where parties wish to avoid the complexity of a full leasehold interest. This agreement type is commonly used in commercial settings, shared workspaces, temporary retail locations, and other scenarios where traditional leases may be unsuitable. The document comprehensively covers usage rights, obligations, payments, and termination procedures while ensuring compliance with Philippine property laws, including the Civil Code and relevant local regulations. It's designed to protect both the licensor's property interests and the licensee's usage rights while maintaining operational flexibility.

1. Parties: Identification of the Licensor and Licensee with complete details including name, address, and legal status

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

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

4. Grant of License: Specific terms of the license granted, including the nature and scope of permitted use

5. Duration: Term of the license agreement, including start date and end date

6. License Fee: Amount, payment schedule, and method of payment for the license fee

7. Security Deposit: Details of security deposit amount, terms of holding, and conditions for return

8. Utilities and Other Charges: Responsibility for payment of utilities, maintenance fees, and other charges

9. Use of Property: Permitted and prohibited uses of the property

10. Maintenance and Repairs: Responsibilities for maintenance, repairs, and improvements

11. Licensee's Obligations: Specific duties and responsibilities of the licensee

12. Licensor's Obligations: Specific duties and responsibilities of the licensor

13. Insurance: Required insurance coverage and responsibilities

14. Termination: Grounds and procedures for termination of the agreement

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

16. Notices: Process and addresses for serving notices between parties

17. Execution: Signature blocks and execution formalities