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Non Exclusive Lease Agreement
"I need a Non-Exclusive Lease Agreement for a commercial office space in Makati City, Philippines, where I plan to lease one floor of my building to multiple small businesses starting March 2025, with provisions for shared common areas and flexible expansion options."
1. Parties: Identification and details of the Lessor and Lessee, including complete legal names, addresses, and tax identification numbers as required under Philippine law
2. Background: Context of the lease arrangement, brief description of the property, and statement of non-exclusive nature of the lease
3. Definitions: Definitions of key terms used throughout the agreement, including Property, Common Areas, Permitted Use, and other relevant terms
4. Property Description: Detailed description of the leased premises, including exact location, measurements, and boundaries
5. Term and Renewal: Duration of the lease, commencement date, expiration date, and any renewal options
6. Rent and Payment Terms: Rental amount, payment schedule, mode of payment, and late payment penalties
7. Security Deposit: Amount of security deposit, terms of holding and return, and conditions for deductions
8. Utilities and Other Charges: Responsibility for utility payments, maintenance fees, and other related charges
9. Use of Property: Permitted uses of the property and restrictions on use
10. Maintenance and Repairs: Responsibilities of each party for maintenance, repairs, and improvements
11. Insurance and Liability: Insurance requirements and allocation of risks between parties
12. Default and Remedies: Events of default and available remedies for both parties
13. Termination: Grounds for termination and procedures for early termination
14. Governing Law: Specification of Philippine law as governing law and jurisdiction
15. Notices: Process and addresses for serving notices between parties
16. Execution: Signature blocks and notarization requirements as per Philippine law
1. Common Areas: Details of common areas access and usage rules - include when property is in a multi-tenant facility
2. Subletting and Assignment: Terms for subletting or assigning the lease - include when subletting might be permitted
3. Alterations and Improvements: Rules for making modifications to the property - include when significant modifications might be needed
4. Force Majeure: Provisions for unforeseen circumstances - particularly relevant post-COVID or in areas prone to natural disasters
5. Environmental Compliance: Environmental obligations and compliance requirements - include for industrial or commercial properties
6. Parking: Parking rights and restrictions - include when property includes parking facilities
7. Signage Rights: Rules regarding installation and maintenance of signs - include for commercial properties
8. Operating Hours: Restrictions on hours of operation - include for commercial properties in mixed-use buildings
1. Schedule A - Property Floor Plan: Detailed floor plan showing the leased area and measurements
2. Schedule B - Inventory List: List of any furnishings, fixtures, or equipment included in the lease
3. Schedule C - House Rules: Building or property rules and regulations
4. Schedule D - Fit-out Guidelines: Guidelines for any permitted modifications or improvements
5. Schedule E - Utility Meters: Initial meter readings and meter numbers for utilities
6. Appendix 1 - Required Permits: List of permits and licenses required for property use
7. Appendix 2 - Maintenance Schedule: Schedule of regular maintenance activities and responsibilities
8. Appendix 3 - Payment Schedule: Detailed breakdown of rent, deposits, and other charges
Authors
Real Estate
Commercial Property
Retail
Office Space
Industrial
Residential Property
Hospitality
Manufacturing
Warehousing
Co-working Spaces
Mixed-use Development
Healthcare
Education
Legal
Real Estate
Facilities Management
Operations
Finance
Administration
Risk and Compliance
Procurement
Property Management
Asset Management
Property Manager
Real Estate Manager
Facilities Manager
Legal Counsel
Corporate Lawyer
Business Development Manager
Operations Manager
Chief Financial Officer
Real Estate Agent
Leasing Manager
Asset Manager
Commercial Director
Procurement Manager
Administrative Manager
Risk Manager
Compliance Officer
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