Property License Agreement Template for Philippines

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Key Requirements PROMPT example:

Property License Agreement

"I need a Property License Agreement for an industrial warehouse facility in Manila, where my company will be the licensee for a 2-year term starting March 1, 2025, with specific provisions for 24/7 access and the right to install heavy machinery."

Document background

A Property License Agreement is essential when a property owner wishes to grant another party the right to use their property without transferring ownership or creating a lease. This document is particularly relevant in the Philippine context, where property rights and usage are governed by specific local regulations and the Civil Code. The agreement should be used when temporary or conditional property use rights are needed, such as for commercial operations, educational facilities, or industrial purposes. It includes crucial details about property usage rights, duration, fees, maintenance obligations, and compliance with Philippine property laws and local government requirements. The document differs from a lease agreement in that it typically offers more limited rights and may be more easily terminable, making it suitable for shorter-term or more flexible arrangements under Philippine jurisdiction.

Suggested Sections

1. Parties: Identification and details of the Licensor and Licensee, including their legal names, addresses, and company registration numbers if applicable

2. Background: Context of the agreement, brief description of the property, and the parties' intentions

3. Definitions: Defined terms used throughout the agreement, including 'Property', 'License Period', 'Permitted Use', etc.

4. Grant of License: Specific terms of the license grant, including scope, nature (exclusive/non-exclusive), and territory

5. License Period: Duration of the license, including commencement date, termination date, and any renewal options

6. License Fee: Payment terms, amounts, payment schedule, and method of payment

7. Permitted Use: Specific allowed uses of the property under the license

8. Licensee's Obligations: Responsibilities of the licensee including maintenance, compliance with laws, and usage restrictions

9. Licensor's Obligations: Responsibilities of the licensor including access, maintenance of structure, and insurance obligations

10. Insurance and Liability: Insurance requirements and allocation of risks between parties

11. Termination: Grounds for termination, termination process, and consequences of termination

12. Governing Law and Jurisdiction: Specification of Philippine law as governing law and jurisdiction for disputes

Optional Sections

1. Utilities and Services: Used when the license includes provisions for utilities, maintenance services, or other amenities

2. Alterations and Improvements: Include when the licensee is permitted to make changes to the property

3. Security Deposit: Include when a security deposit is required from the licensee

4. Sublicensing Rights: Include when the licensee is given rights to sublicense the property

5. Environmental Compliance: Include for properties where environmental regulations are significant

6. Property Management: Include when specific property management arrangements are needed

7. Force Majeure: Include when parties want specific provisions for unforeseen circumstances

8. Anti-Money Laundering Compliance: Include for high-value property licenses requiring AML compliance

Suggested Schedules

1. Property Description: Detailed description of the licensed property including location, boundaries, and features

2. Plan/Drawing of Property: Visual representation of the property including relevant measurements and boundaries

3. License Fee Schedule: Detailed breakdown of license fees, payment dates, and calculation methods

4. Permitted Use Guidelines: Detailed guidelines and restrictions for property use

5. Condition Report: Documentation of property condition at commencement of license

6. Insurance Requirements: Detailed insurance specifications required for both parties

7. Property Rules and Regulations: Specific rules governing the use of the property

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Real Estate

Commercial Property

Industrial

Education

Retail

Hospitality

Agriculture

Manufacturing

Logistics

Technology

Healthcare

Relevant Teams

Legal

Real Estate

Facilities Management

Operations

Finance

Compliance

Corporate Services

Asset Management

Risk Management

Property Management

Relevant Roles

Property Manager

Real Estate Director

Facilities Manager

Legal Counsel

Contract Administrator

Operations Manager

Chief Financial Officer

Business Development Manager

Asset Manager

Compliance Officer

Real Estate Investment Manager

Corporate Services Manager

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