Sample Lease Contract for Commercial Space in the Philippines

Leasing a commercial space in the Philippines can be a complex process, and having a comprehensive lease contract is essential to protect both the landlord and the tenant. In this blog post, we will provide a sample lease contract for commercial space in the Philippines and discuss key provisions that should be included in such a contract.

Key Provisions in a Commercial Lease Contract

Before we dive into the sample lease contract, let`s first understand the key provisions that should be included in a commercial lease contract in the Philippines:

Provision	Description
Rental Rate	Specify the monthly rental rate and any escalation clauses.
Lease Term	Define the duration of the lease, including any options for renewal.
Use of Premises	Detail the permitted use of the commercial space.
Repairs and Maintenance	Outline the responsibilities of the landlord and tenant for repairs and maintenance.
Security Deposit	Specify the amount of the security deposit and the conditions for its return.
Insurance	Address requirement for insurance coverage.
Subleasing	Include provisions on subleasing the commercial space.

Sample Lease Contract

Here is a sample lease contract for commercial space in the Philippines that incorporates the key provisions mentioned above:

Article	Description
1. Parties	This section identifies the landlord and tenant, along with their contact information.
2. Rental Rate	Specifies the monthly rental rate and any escalation clauses.
3. Lease Term	Defines the duration of the lease, along with any options for renewal.
4. Use of Premises	Details the permitted use of the commercial space.
5. Repairs and Maintenance	Outlines the responsibilities of the landlord and tenant for repairs and maintenance.
6. Security Deposit	Specifies the amount of the security deposit and the conditions for its return.
7. Insurance	Address the requirement for insurance coverage.
8. Subleasing	Includes provisions on subleasing the commercial space.

A well-drafted lease contract for commercial space in the Philippines is crucial for setting clear expectations and protecting the interests of both parties. Tenants and landlords should seek legal advice to ensure that the lease contract complies with Philippine laws and regulations.

By including key provisions such as the rental rate, lease term, use of premises, repairs and maintenance, security deposit, insurance, and subleasing, both parties can mitigate potential disputes and enjoy a mutually beneficial landlord-tenant relationship.

Sample Lease Contract for Commercial Space in the Philippines

Welcome to the sample lease contract for commercial space in the Philippines. This legally binding contract sets out the terms and conditions for the lease of commercial space between the lessor and the lessee. It is important to carefully review and understand the contents of this contract before proceeding with the lease agreement.

Parties	Lease Term	Rent	Use of Premises
This Lease Contract for Commercial Space («Lease») is entered into on this ____ day of ____________ 20__, by and between _________________, with a principal place of business at _____________________________ («Lessor»), and _________________, with a principal place of business at _____________________________ («Lessee»). WHEREAS, Lessor is the owner of certain commercial space located at _____________________________ (the «Premises») and desires to lease the Premises to Lessee; and WHEREAS, Lessee desires to lease the Premises from Lessor for the purpose of operating a commercial business.	The lease term shall commence on ____________ and end on ____________ («Lease Term»). Lessee shall have the option to renew the Lease for an additional term subject to the mutual agreement of the Parties.	Lessee shall pay Lessor a monthly rent of _________________________ («Rent») for the use of the Premises. Rent shall be due and payable on the first day of each month. Any late payments shall be subject to a late fee of _____________ per day until the rent is paid in full.	Lessee shall use the Premises exclusively for the operation of a _________________________ business and for no other purpose without the prior written consent of Lessor. Lessee shall comply with all laws, rules, and regulations governing the use of the Premises and shall not create any nuisances or disturbances to neighboring tenants.

Parties

Lease Term

Rent

Use of Premises

This Lease Contract for Commercial Space («Lease») is entered into on this ____ day of ____________ 20__, by and between _________________, with a principal place of business at _____________________________ («Lessor»), and _________________, with a principal place of business at _____________________________ («Lessee»).

WHEREAS, Lessor is the owner of certain commercial space located at _____________________________ (the «Premises») and desires to lease the Premises to Lessee; and

WHEREAS, Lessee desires to lease the Premises from Lessor for the purpose of operating a commercial business.

The lease term shall commence on ____________ and end on ____________ («Lease Term»).

Lessee shall have the option to renew the Lease for an additional term subject to the mutual agreement of the Parties.

Lessee shall pay Lessor a monthly rent of _________________________ («Rent») for the use of the Premises. Rent shall be due and payable on the first day of each month.

Any late payments shall be subject to a late fee of _____________ per day until the rent is paid in full.

Lessee shall use the Premises exclusively for the operation of a _________________________ business and for no other purpose without the prior written consent of Lessor.

Lessee shall comply with all laws, rules, and regulations governing the use of the Premises and shall not create any nuisances or disturbances to neighboring tenants.

Frequently Asked Legal Questions: Sample Lease Contract for Commercial Space in the Philippines

Question	Answer
1. What should be included in a sample lease contract for commercial space in the Philippines?	Ah, the beauty of a well-crafted lease contract! In the Philippines, a sample lease contract for commercial space should include the names of the landlord and tenant, the specific commercial space being leased, the terms of the lease (including duration and rent), as well as any additional terms and conditions agreed upon by both parties.
2. Are there any specific regulations or laws that govern lease contracts for commercial space in the Philippines?	Oh, the intricate web of laws and regulations! In the Philippines, lease contracts for commercial space are primarily governed by the Civil Code, as well as other specific laws and regulations related to lease agreements.
3. Can a landlord change the terms of a lease contract for commercial space during the lease term?	Ah, the delicate dance between landlord and tenant! In the Philippines, a landlord generally cannot unilaterally change the terms of a lease contract during the lease term, unless both parties agree to such changes in writing.
4. What are the rights and obligations of the landlord and tenant in a lease contract for commercial space?	The dynamic duo of landlord and tenant! In the Philippines, the rights and obligations of the landlord and tenant in a lease contract for commercial space are generally governed by the terms of the lease agreement, as well as applicable laws and regulations.
5. Can a landlord evict a tenant before the lease term expires?	Ah, the delicate balance of power! In the Philippines, a landlord can only evict a tenant before the lease term expires for specific reasons allowed by law, such as non-payment of rent or violation of lease terms.
6. What are the remedies available to a landlord in case of non-payment of rent by the tenant?	The eternal struggle of rent collection! In the Philippines, a landlord can seek remedies such as demand for payment, filing a case for ejectment, or even seeking damages for non-payment of rent by the tenant.
7. Can a tenant sublease the commercial space to another party?	The intricate dance of subleasing! In the Philippines, a tenant generally needs the consent of the landlord to sublease the commercial space to another party, unless otherwise specified in the lease contract.
8. What are the common disputes that may arise in lease contracts for commercial space in the Philippines?	The ever-present specter of disputes! Common disputes in lease contracts for commercial space in the Philippines may include issues related to non-payment of rent, maintenance and repairs, security deposits, and lease renewal terms, among others.
9. Can a lease contract for commercial space be terminated before the lease term expires?	The unraveling of the lease contract! In the Philippines, a lease contract for commercial space can be terminated before the lease term expires for specific reasons allowed by law, or if both parties agree to such termination in writing.
10. Is it necessary to have a lawyer review a sample lease contract for commercial space in the Philippines?	The wisdom of legal counsel! While it may not be a legal requirement, it is highly advisable to have a lawyer review a sample lease contract for commercial space in the Philippines to ensure that all legal requirements are met, and to protect the interests of both the landlord and tenant.