The License Agreement (Real Estate) is a crucial document used in the Philippine real estate market when temporary or flexible property usage rights are required without transferring full possession or creating a traditional landlord-tenant relationship. This agreement type is particularly valuable for short-term arrangements, pop-up venues, or specific-use cases where a full lease might be inappropriate or overly restrictive. The document must comply with Philippine property laws, including the Real Estate Service Act (RESA) and the Civil Code of the Philippines, while addressing specific local requirements for property use, taxation, and zoning regulations. It typically includes detailed provisions for property usage, fee structures, maintenance responsibilities, insurance requirements, and termination procedures, making it essential for both property owners and businesses seeking flexible property arrangements.
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1. Parties: Identifies and provides full details of the licensor and licensee, including registration numbers and addresses
2. Background: Establishes the context of the agreement, including property ownership and purpose of the license
3. Definitions: Defines key terms used throughout the agreement
4. License Grant: Specifies the exact nature and scope of the license being granted
5. Term and Renewal: Specifies the duration of the license and any renewal options
6. License Fee: Details the fee structure, payment terms, and any adjustments
7. Permitted Use: Clearly defines how the licensee may use the property
8. Licensee's Obligations: Lists all responsibilities and obligations of the licensee
9. Licensor's Obligations: Lists all responsibilities and obligations of the licensor
10. Insurance and Liability: Specifies insurance requirements and allocation of risks
11. Maintenance and Repairs: Details responsibilities for property maintenance and repairs
12. Utilities and Services: Specifies arrangements for utilities and other services
13. Termination: Sets out circumstances and procedures for ending the agreement
14. Governing Law: Specifies Philippine law as governing law and jurisdiction
15. Execution: Formal signing section with attestation requirements
1. Fit-Out Works: Include when the licensee is permitted to make modifications to the property
2. Security Deposit: Include when a security deposit is required
3. Operating Hours: Include for commercial properties with specific operating hour restrictions
4. Sublicensing Rights: Include if sublicensing is permitted (usually restricted)
5. Force Majeure: Include specific provisions for natural disasters or other unforeseen events
6. Environmental Compliance: Include for properties requiring specific environmental considerations
7. Common Areas: Include for properties within larger complexes with shared facilities
8. Signage Rights: Include for commercial properties where exterior signage is relevant
1. Property Description: Detailed description of the licensed property including floor plans and boundaries
2. Fee Schedule: Detailed breakdown of all fees, including calculation methods and payment schedules
3. Condition Report: Documentation of property condition at commencement of license
4. House Rules: Building or complex rules and regulations if applicable
5. Maintenance Schedule: Detailed breakdown of maintenance responsibilities and schedules
6. Required Permits: List of permits and licenses required for property use
7. Insurance Requirements: Detailed insurance specifications and minimum coverage requirements
8. Utility Agreements: Specific arrangements for utility connections and payments
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Retail
Commercial Property
Office Space
Industrial
Hospitality
Food & Beverage
Entertainment
Education
Healthcare
Coworking Space
Relevant Teams
Legal
Real Estate
Operations
Facilities Management
Compliance
Risk Management
Property Management
Business Development
Finance
Administration
Relevant Roles
Real Estate Manager
Property Manager
Legal Counsel
Operations Director
Facilities Manager
Business Development Manager
Real Estate Broker
Compliance Officer
Contract Administrator
Property Administrator
Asset Manager
Real Estate Analyst
Risk Manager
Corporate Counsel
Chief Operating Officer
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