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Office Space Lease Agreement
"I need an Office Space Lease Agreement for a tech startup leasing 500 square meters in Makati City, Philippines, with a 5-year term starting March 1, 2025, including provisions for expansion rights and a dedicated server room."
1. Parties: Identifies and provides full details of the Lessor and Lessee, including registration numbers and addresses
2. Background: Contextual information about the property and the parties' intention to enter into the lease
3. Definitions: Defines key terms used throughout the agreement
4. Demised Premises: Detailed description of the leased office space, including floor area and location within the building
5. Lease Term: Duration of the lease, including commencement and expiration dates
6. Rent and Payment Terms: Rental amount, payment schedule, and method of payment
7. Security Deposit and Advance Rent: Amount and terms of security deposit and advance rent requirements
8. Common Area Maintenance Charges: Details of additional charges for building maintenance and common areas
9. Utilities and Services: Responsibilities for utility connections, payments, and building services
10. Use of Premises: Permitted use of the office space and any restrictions
11. Maintenance and Repairs: Responsibilities of both parties regarding maintenance and repairs
12. Alterations and Improvements: Rules and procedures for making changes to the premises
13. Insurance: Required insurance coverage for both parties
14. Assignment and Subletting: Conditions under which the lease may be assigned or the premises sublet
15. Lessor's Covenants: Obligations and warranties of the property owner
16. Lessee's Covenants: Obligations and warranties of the tenant
17. Default and Remedies: Consequences and remedies for breach of agreement
18. Termination: Conditions and procedures for ending the lease
19. Governing Law: Specification of Philippine law as governing law
20. Dispute Resolution: Procedures for resolving disputes between parties
21. Notices: How formal communications between parties should be made
22. Miscellaneous Provisions: Including severability, entire agreement, and amendment procedures
1. Fit-out Period: Terms for initial office customization period, used when premises are delivered in bare condition
2. Expansion Rights: Rights to lease additional space, included when tenant may need to expand
3. Renewal Option: Terms for lease renewal, included when parties agree to possible extension
4. Early Termination Rights: Conditions for early termination, included when this flexibility is negotiated
5. Parking: Allocation and terms of parking spaces, if included in the lease
6. Signage Rights: Terms for external or internal signage, if applicable
7. Force Majeure: Provisions for extraordinary events, increasingly common post-COVID
8. Green Building Provisions: Environmental compliance requirements, if building has green certification
9. Building Management Rules: Detailed building rules, if not covered in separate schedule
1. Floor Plan: Detailed plan showing the exact office space being leased
2. Rent Schedule: Detailed breakdown of rent payments, especially if there are periodic increases
3. Building Rules and Regulations: Comprehensive rules governing the use of the building
4. Fit-out Guidelines: Technical specifications and procedures for office customization
5. Inventory of Fixtures: List of items included in the lease
6. Service Level Agreement: Details of building services and maintenance standards
7. Utility Rates and Calculations: Methodology for calculating utility charges
8. Handover and Return Conditions: Specifications for condition of premises at start and end of lease
9. Insurance Requirements: Detailed insurance specifications and minimum coverage requirements
Authors
Advance Rent
Building
Building Management
Building Rules and Regulations
Business Day
Common Areas
Commencement Date
Demised Premises
Expiry Date
Fit-out Period
Fit-out Works
Force Majeure
Gross Floor Area
Handover Date
Initial Term
Lease Term
Lease Year
Lessee
Lessor
Loading Factor
Monthly Rent
Net Leasable Area
Operating Expenses
Permitted Use
Property
Renewal Term
Rent
Rental Commencement Date
Security Deposit
Service Charges
Taxes
Term
Utilities
VAT
Working Hours
Term
Rent
Security Deposit
Common Area Maintenance
Utilities
Use of Premises
Assignment and Subletting
Alterations and Improvements
Maintenance and Repairs
Insurance
Indemnification
Default and Remedies
Force Majeure
Property Access
Quiet Enjoyment
Representation and Warranties
Compliance with Laws
Environmental
Health and Safety
Building Rules
Signage
Parking
Property Management
Taxes
Notices
Dispute Resolution
Governing Law
Severability
Entire Agreement
Waiver
Amendment
Termination
Registration
Confidentiality
Real Estate
Commercial Property Management
Corporate Services
Banking and Financial Services
Professional Services
Technology
Healthcare
Retail
Insurance
Manufacturing
Business Process Outsourcing
Telecommunications
Legal
Finance
Operations
Facilities Management
Administrative Services
Risk and Compliance
Corporate Real Estate
Procurement
Executive Leadership
Property Management
Chief Executive Officer
Chief Financial Officer
Facilities Manager
Property Manager
Real Estate Director
Legal Counsel
Operations Manager
Office Manager
Procurement Manager
Corporate Services Manager
Building Manager
Real Estate Agent
Leasing Manager
Administrative Officer
Risk Manager
Compliance Officer
Finance Director
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