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Rent To Rent Agreement
"I need a Rent to Rent Agreement for a 20-unit residential apartment building in Manila, where my company will guarantee the owner PHP 200,000 monthly rent and we plan to start the arrangement from March 1, 2025."
1. Parties: Identifies and provides full details of the Principal Landlord (Owner), the Middle Landlord (Rent to Rent Operator), including complete legal names, addresses, and contact details
2. Background: Explains the context of the agreement, including the intention for the Middle Landlord to rent the property and sub-let it to other tenants
3. Definitions: Defines key terms used throughout the agreement, including 'Property', 'Head Lease', 'Sub-lease', 'Rental Period', 'Guaranteed Rent', etc.
4. Grant of Lease: Details the formal grant of lease from Principal Landlord to Middle Landlord, including the property description and term of lease
5. Permission to Sub-let: Explicit permission and terms for the Middle Landlord to sub-let the property, including any conditions or restrictions
6. Rental Payments: Specifies the rent amount, payment schedule, method of payment, and guaranteed rent arrangements
7. Deposit and Security: Details of security deposits, including amount, holding arrangements, and conditions for return
8. Maintenance and Repairs: Outlines responsibilities for property maintenance, repairs, and improvements between all parties
9. Insurance Requirements: Specifies required insurance coverage for both Principal Landlord and Middle Landlord
10. Utilities and Services: Responsibilities for utility payments, service charges, and other ongoing costs
11. Covenants and Obligations: Detailed responsibilities and obligations of both parties throughout the term
12. Termination: Conditions and procedures for early termination of the agreement
13. Governing Law: Confirms the agreement is governed by Philippine law and relevant jurisdictions
1. Guarantor Provisions: Required when there is a guarantor for the Middle Landlord's obligations
2. Property Management: Optional section detailing property management arrangements if the Middle Landlord will provide these services
3. Renovation Rights: Include when the Middle Landlord has permission to make specific alterations or improvements
4. Marketing Rights: Details of permitted marketing activities for sub-letting, if specifically negotiated
5. Option to Purchase: Include if there is an agreed option for the Middle Landlord to purchase the property
6. Force Majeure: Optional provisions for unforeseen circumstances affecting the agreement
7. Environmental Obligations: Include specific environmental responsibilities if property is in an environmentally sensitive area
1. Schedule 1 - Property Details: Detailed description of the property, including address, boundaries, and included fixtures and fittings
2. Schedule 2 - Inventory and Condition Report: Comprehensive inventory and condition report of the property at commencement
3. Schedule 3 - Rental Payment Schedule: Detailed breakdown of rental payments, including guaranteed rent amounts and payment dates
4. Schedule 4 - Maintenance Schedule: Specific maintenance responsibilities and schedules for both parties
5. Schedule 5 - Permitted Subletting Terms: Terms and conditions that must be included in all sub-letting agreements
6. Appendix A - Property Photos: Photographic evidence of property condition at commencement
7. Appendix B - Required Certificates: Copies of necessary certificates (fire safety, building permits, etc.)
8. Appendix C - Insurance Requirements: Detailed insurance specifications required for both parties
Authors
Principal Landlord
Middle Landlord
Property
Premises
Head Lease
Sub-lease
Guaranteed Rent
Rental Period
Commencement Date
Termination Date
Security Deposit
Common Areas
Permitted Use
Rent Payment Date
Sub-tenants
Force Majeure Event
Business Day
Maintenance Obligations
Essential Services
Property Manager
Inventory
Condition Report
Fair Wear and Tear
Utilities
Service Charges
Insurance Requirements
Rental Income
Operating Expenses
Applicable Laws
Material Breach
Notice Period
Governing Law
Permitted Occupiers
Guarantor
Property Management Services
Rent Review Date
Sub-letting Terms
Maintenance Schedule
Emergency Repairs
Building Rules
Common Facilities
Fixtures and Fittings
Management Fee
Payment Method
Renewal Term
Default Event
Dispute Resolution
Confidential Information
Grant of Lease
Term and Renewal
Rent and Payment
Security Deposit
Guaranteed Rent
Sub-letting Rights
Property Management
Maintenance and Repairs
Utilities and Services
Insurance
Property Access
Alterations and Improvements
Use of Property
Health and Safety
Compliance with Laws
Environmental Matters
Assignment and Transfer
Default and Remedies
Termination
Force Majeure
Indemnification
Liability
Confidentiality
Notices
Dispute Resolution
Governing Law
Severability
Entire Agreement
Amendment
Representations and Warranties
Rights and Obligations
Property Condition
Emergency Procedures
Building Rules
Financial Records
Reporting Requirements
Risk Allocation
Property Inspection
Quiet Enjoyment
Security Measures
Real Estate
Property Management
Residential Housing
Commercial Property
Student Accommodation
Serviced Apartments
Holiday Rentals
Corporate Housing
Property Investment
Legal
Real Estate Operations
Property Management
Asset Management
Facilities Management
Risk & Compliance
Business Development
Finance
Operations
Maintenance
Property Manager
Real Estate Investment Manager
Asset Manager
Facilities Manager
Legal Counsel
Property Investment Director
Operations Manager
Leasing Manager
Real Estate Agent
Property Portfolio Manager
Risk Management Officer
Compliance Officer
Business Development Manager
Property Maintenance Supervisor
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