Office Tenancy Agreement Template for Philippines

The Office Tenancy Agreement is a crucial legal document used when a business entity wishes to lease commercial office space in the Philippines. This agreement serves as the primary contract governing the landlord-tenant relationship in commercial office settings, ensuring compliance with Philippine property laws and regulations. It is essential for businesses establishing or expanding their physical presence in the Philippines, providing legal protection for both parties while clearly defining their respective rights and obligations. The document typically covers all aspects of the tenancy, from basic rent terms to complex provisions regarding maintenance, utilities, and building services, while ensuring compliance with local building codes and commercial property regulations. This agreement type is particularly important in major business districts where office leasing is common and requires careful attention to both commercial and legal considerations under Philippine jurisdiction.

1. Parties: Identification of the landlord and tenant, including complete business/personal details and registration information

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

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

4. Demised Premises: Detailed description of the leased space, including floor area and location

5. Lease Term: Duration of the lease, commencement date, and expiry date

6. Rent and Payment Terms: Rental amount, payment schedule, and method of payment

7. Security Deposit: Amount, terms, and conditions for the security deposit

8. Common Areas: Rights and obligations regarding shared facilities and spaces

9. Utilities and Services: Responsibilities for utilities, maintenance, and building services

10. Use of Premises: Permitted use of the space and any restrictions

11. Tenant's Covenants: Obligations and responsibilities of the tenant

12. Landlord's Covenants: Obligations and responsibilities of the landlord

13. Insurance: Required insurance coverage and obligations

14. Repairs and Maintenance: Responsibilities for repairs and maintenance of the premises

15. Assignment and Subletting: Conditions for transferring or subletting the premises

16. Default and Remedies: Events of default and available remedies

17. Termination: Conditions and procedures for termination

18. Governing Law: Specification of Philippine law as governing law

19. Notices: Process for serving notices between parties

20. Execution: Signature blocks and execution formalities