Ƶ

Commercial Real Estate Lease Agreement for Philippines

Commercial Real Estate Lease Agreement Template for Philippines

A comprehensive legal document governed by Philippine law that establishes the terms and conditions for leasing commercial real estate property. This agreement outlines the rights and obligations of both the lessor and lessee, including rental payments, maintenance responsibilities, permitted use of the property, and other essential terms in accordance with the Civil Code of the Philippines and relevant local regulations. The document incorporates specific requirements under Philippine real estate laws, including proper notarization and registration requirements, while addressing commercial aspects such as fit-out provisions, utility arrangements, and common area maintenance.

Your data doesn't train Genie's AI

You keep IP ownership of your information

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Download a Standard Template

4.6 / 5
4.8 / 5
Access for free
OR

Alternatively: Run an advanced review of an existing
Commercial Real Estate Lease Agreement

Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.

What is a Commercial Real Estate Lease Agreement?

The Commercial Real Estate Lease Agreement is a vital legal instrument used in the Philippines when a property owner (lessor) agrees to rent out commercial space to a business tenant (lessee). This document is essential for any business seeking to establish operations in leased premises, whether for retail, office, industrial, or other commercial purposes. It must comply with Philippine legal requirements, including the Civil Code of the Philippines, the Real Estate Service Act, and local government regulations. The agreement typically covers crucial aspects such as lease term, rental amounts, maintenance obligations, permitted use, and various other commercial terms. It provides legal protection for both parties while ensuring clarity in their business relationship. This type of agreement is particularly important in the Philippine context, where commercial real estate transactions must address specific local requirements such as proper notarization, tax implications, and local government permits.

What sections should be included in a Commercial Real Estate Lease Agreement?

1. Parties: Identification of the Lessor and Lessee with complete legal names, addresses, and tax identification numbers

2. Background: Context of the lease agreement, including brief description of the property and parties' intention to enter into a lease arrangement

3. Definitions: Definitions of key terms used throughout the agreement, including 'Premises', 'Commencement Date', 'Term', 'Rent', etc.

4. Demise and Term: Specific details of what is being leased and for how long, including any renewal options

5. Rent and Other Payments: Rental amount, payment schedule, security deposit, advance rent, and other financial obligations

6. Use of Premises: Permitted use of the property and any restrictions on use

7. Maintenance and Repairs: Responsibilities of both parties regarding property maintenance, repairs, and improvements

8. Utilities and Services: Responsibilities for utilities, services, and associated costs

9. Insurance and Liability: Required insurance coverage and allocation of risks between parties

10. Assignment and Subletting: Rules and restrictions regarding transfer of lease rights or subletting

11. Default and Remedies: Events of default and corresponding remedies available to either party

12. Termination: Conditions and procedures for early termination of the lease

13. Governing Law and Dispute Resolution: Application of Philippine law and methods for resolving disputes

14. Notices: Process and requirements for formal communications between parties

15. Execution: Signature blocks and notarization requirements under Philippine law

What sections are optional to include in a Commercial Real Estate Lease Agreement?

1. Fit-out Period: Terms regarding initial renovation or fit-out period, used when premises require tenant improvements before occupancy

2. Common Areas: Rules and cost sharing for common areas, included when property is part of a larger complex or building

3. Signage Rights: Terms regarding external and internal signage, important for retail or prominent commercial locations

4. Parking: Allocation and terms of parking spaces, included when parking is available

5. Force Majeure: Provisions for unforeseen circumstances, particularly relevant post-COVID

6. Environmental Compliance: Special environmental obligations, necessary for industrial or specialized commercial uses

7. Operating Hours: Restrictions on business hours, relevant for retail or properties in mixed-use developments

8. Security Arrangements: Special security requirements, important for high-value or sensitive locations

What schedules should be included in a Commercial Real Estate Lease Agreement?

1. Schedule 1 - Property Details: Detailed description of the premises including floor plans and technical specifications

2. Schedule 2 - Rent Schedule: Detailed breakdown of rent payments, escalations, and other recurring charges

3. Schedule 3 - Condition Report: Documentation of property condition at commencement of lease

4. Schedule 4 - House Rules: Building or property complex rules and regulations

5. Schedule 5 - Fit-out Guidelines: Technical specifications and requirements for any tenant improvements

6. Schedule 6 - Service Charges: Breakdown of service charges and building maintenance fees

7. Schedule 7 - Handover Inventory: List of any furnishings, fixtures, or equipment included in the lease

8. Appendix A - Required Permits: List of necessary government permits and licenses

9. Appendix B - Insurance Requirements: Detailed insurance specifications and minimum coverage requirements

Authors

Alex Denne

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

Jurisdiction

Philippines

Publisher

Ƶ

Cost

Free to use
Relevant legal definitions











































Clauses









































Relevant Industries

Retail

Office Space

Industrial

Hospitality

Healthcare

Banking and Financial Services

Technology

Manufacturing

Logistics and Warehousing

Food and Beverage

Education

Professional Services

Relevant Teams

Legal

Finance

Operations

Facilities Management

Real Estate

Risk and Compliance

Procurement

Business Development

Administration

Corporate Services

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Chief Operating Officer

Real Estate Manager

Facilities Manager

Property Manager

Legal Counsel

Corporate Lawyer

Business Development Manager

Operations Manager

Finance Director

Procurement Manager

Real Estate Director

Expansion Manager

Store Manager

Branch Manager

Risk Manager

Compliance Officer

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Collateral Agreement (Real Estate)

A Philippine law-governed agreement establishing real estate as collateral for securing financial obligations, with provisions for registration and enforcement.

find out more

Home Buyout Agreement

A legally binding agreement under Philippine law for the purchase and transfer of residential property, detailing sale terms and transfer conditions.

find out more

Home Purchase And Sale Agreement

A legally binding agreement under Philippine law for the sale and purchase of residential property, defining terms, conditions, and obligations of both parties.

find out more

Lease Agreement With Option To Purchase (Real Estate)

A Philippine law-governed agreement combining property lease terms with a future purchase option, establishing rights and obligations for both temporary use and potential acquisition of real estate.

find out more

Finders Fee Agreement (Real Estate)

A Philippine law-compliant agreement establishing terms for compensating individuals who introduce potential buyers/lessees to property owners, structured in accordance with RESA requirements.

find out more

Installment Sales Contract (Real Estate)

A Philippine law-compliant contract for the sale of real estate property through installment payments, incorporating Maceda Law protections.

find out more

Side Agreement (Real Estate)

A supplementary agreement modifying or clarifying terms of a main real estate contract under Philippine law.

find out more

Novation Agreement (Real Estate)

A Philippine law-governed agreement that substitutes one party in a real estate contract with another party, transferring all related rights and obligations.

find out more

License Agreement (Real Estate)

A Philippine law-governed agreement establishing terms for temporary property use rights between a property owner and user.

find out more

Equity Sharing Agreement (Real Estate)

A Philippine law-governed agreement establishing shared ownership rights and responsibilities in real estate property, including capital contributions, profit-sharing, and management terms.

find out more

Corporate Lease For Residential Property

A Philippine-law governed lease agreement for corporate entities renting residential properties, incorporating corporate tenancy requirements and local property regulations.

find out more

Wholesale Purchase And Sale Agreement

A Philippine law-governed agreement establishing terms for wholesale purchase and sale of goods between commercial parties, including pricing, delivery, and quality standards.

find out more

Contract For Houses And Residential Land

A Philippine law-compliant contract for the sale and purchase of residential property, including both house and land components.

find out more

Contract For Selling A House

A legally binding agreement under Philippine law for the sale and transfer of residential property ownership, detailing terms, conditions, and obligations of both parties.

find out more

Area Purchase Contract

A Philippine law-governed contract for the purchase and sale of land area, detailing terms of property transfer and ownership rights.

find out more

Real Estate Offer And Acceptance Contract

A Philippine law-governed contract documenting the terms and conditions of a real estate purchase offer and its acceptance.

find out more

Property Easement Agreement

A legal agreement under Philippine law establishing rights to use another's property for specific purposes, detailing terms, conditions, and obligations of all parties involved.

find out more

Contract To Sell Land

A Philippine law-governed agreement for the conditional sale of land, where title transfer occurs upon full payment completion.

find out more

Residential Condominium Contract

A Philippine law-compliant contract for the sale and purchase of a residential condominium unit, outlining terms, conditions, and obligations of all parties involved.

find out more

Land Development Agreement

A Philippine law-governed agreement establishing terms and conditions between property owners and developers for land development projects.

find out more

Joint Venture Property Development Agreement

A Philippine law-governed agreement establishing a joint venture between parties for real estate property development, covering ownership, responsibilities, and regulatory compliance.

find out more

Purchase Agreement For House For Sale By Owner

A Philippine law-governed agreement for the direct sale of residential property between private seller and buyer, without real estate agent involvement.

find out more

Private Sale Real Estate Contract

A Philippine law-governed contract for the private sale and transfer of real estate property between parties, detailing terms, conditions, and obligations of the sale.

find out more

Commercial Contract Unimproved Property

Philippine law-governed contract for the sale and purchase of unimproved commercial property, incorporating local property regulations and transfer requirements.

find out more

Agreement Between Buyer And Commission Agent

A Philippine law-governed agreement establishing terms between a buyer and commission agent, defining commission structures and responsibilities.

find out more

Assignable Purchase Contract

A Philippine law-governed purchase agreement that allows for the transfer of contractual rights and obligations to third parties.

find out more

Standard Lease Agreement For House Rental

A standardized residential lease agreement template for house rentals in the Philippines, compliant with local housing laws and regulations.

find out more

Buyer Exclusive Agreement

A Philippine law-governed agreement establishing exclusive representation rights between a property buyer and their chosen real estate broker for property acquisition services.

find out more

Real Estate Reservation Agreement

A Philippine law-compliant agreement establishing terms for reserving real estate property, including reservation fee, period, and payment terms.

find out more

Property Tenancy Agreement

A legally binding agreement under Philippine law establishing terms and conditions for property rental between landlord and tenant.

find out more

Houses For Sale Contract For Deed

A Philippine-law governed agreement for selling houses through installment payments, where the seller retains title until full payment is received.

find out more

Personal Property Agreement

A legal document governed by Philippine law that establishes terms and conditions for transferring ownership of personal property between parties.

find out more

For Sale By Owner Sales Contract

A legally binding agreement for direct property sales between owners and buyers in the Philippines, without real estate agent involvement.

find out more

Basic Real Estate Contract

A standardized real estate purchase agreement under Philippine law that documents property transfer terms and conditions between buyer and seller.

find out more

Private Mortgage Agreement

A legally binding agreement under Philippine law where real property is offered as security for a loan, detailing terms between borrower and lender.

find out more

Real Estate Swap Agreement

A Philippine law-governed agreement facilitating the exchange of real estate properties between parties, including terms, conditions, and compliance requirements.

find out more

Contract For Sale And Purchase

A Philippine law-governed agreement documenting the transfer of ownership of property or goods from seller to buyer for agreed consideration.

find out more

Real Estate Offer Contract

A Philippine law-compliant contract presenting a formal offer to purchase real estate property, specifying transaction terms and conditions.

find out more

Owner Finance Real Estate Contract

A Philippine law-compliant contract for seller-financed real estate transactions, establishing terms for property purchase, payment, and ownership transfer.

find out more

Condo Purchase Agreement

A Philippine law-governed agreement for the purchase and sale of a condominium unit, detailing terms, conditions, and obligations of all parties involved.

find out more
See more related templates

ұԾ’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ұԾ’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

We are ISO27001 certified, so your data is secure

Organizational security:

You retain IP ownership of your documents and their information

You have full control over your data and who gets to see it