Property Lease Agreement Template for Philippines

1. Fit-out Period: Terms for initial renovation or modification period, used when property requires tenant improvements

2. Subletting and Assignment: Terms governing the right to sublet or assign the lease, if permitted

3. Option to Purchase: Include when offering the lessee an option to purchase the property during or after the lease term

4. Force Majeure: Specific provisions for extraordinary events, particularly relevant post-COVID

5. Special Use Provisions: For commercial leases with specific operational requirements

6. Guarantor Provisions: When a guarantor is required to secure the lease obligations

7. Common Area Provisions: For properties in multi-tenant buildings or complexes

8. Pest Control: Specific provisions for pest control responsibilities, particularly relevant in tropical climate

9. Signage Rights: For commercial properties where tenant signage is permitted

1. Schedule 1 - Property Floor Plan: Detailed floor plan showing the leased premises and measurements

2. Schedule 2 - Inventory of Fixtures and Fittings: Comprehensive list of included fixtures, fittings, and furniture if furnished

3. Schedule 3 - House Rules: Building or property rules and regulations

4. Schedule 4 - Utility Readings: Initial meter readings for utilities at handover

5. Schedule 5 - Condition Report: Detailed description of property condition at start of lease

6. Schedule 6 - Maintenance Schedule: Schedule of regular maintenance activities and responsibilities

7. Appendix A - Registration Documents: Copies of relevant property registration and tax declaration documents

8. Appendix B - Insurance Requirements: Detailed insurance specifications required under the lease

9. Appendix C - Fit-out Guidelines: Technical specifications and guidelines for any permitted modifications