Commercial Lease Agreement Sample Philippines

1st deadline. – unless previously terminated for the reasons mentioned above, the duration of this rental contract is _______ (________); _____ _ _FORCE MAJEURE: if all or part of the rented land is by fire, flood, lightning, Typhoon, earthquakes, storms, riots or any other unforeseen cause, disabling force majeure is destroyed or damaged to the rental Make premises significantly unsuitable for the use and occupation of the tenant during the lifetime, this lease may be terminated without compensation by the lessor or tenant by written notification to the tenant. Others. 10. EXPIRATION OF THE RENTAL AGREEMENT: Upon expiry of the term of this rental agreement or upon its termination, as provided, the tenant will immediately provide the lessor with the rented premises with all the appropriate keys and in the same good and durable condition as it is currently, normal wear and tear expected without all occupants, furniture, items and effects of any kind whatsoever. Failure by the tenant to comply with the conditions of this clause gives the lessor the right to refuse, at the latter`s choice, the acceptance of the delivery of the premises and to oblige the tenant to pay the rent at the same rate increased by twenty-five (25)% as a penalty until the tenant has complied with the conditions of this agreement. The same penalty is imposed if, for any reason, the tenant does not leave the premises after the expiry of this lease or termination. 6. SUBLETTING AGREEMENT: The Tenant may not sublet, sublet, or authorize the premises leased directly or indirectly by any person, form or entity, or assign its rights under this Contract to any other natural or legal person, and without the written consent of the Tenant, no interest is entrusted or transferred to the Tenant. It goes without saying that the tenant acts as guarantor of the subtenant for the purposes of this rental agreement. The tenant makes available to the owner a copy of the sublease agreement no later than ten (10) days after the conclusion of the sublease agreement. In addition, the LESSOR transfers the percentage of the lessor`s participation in the sublease agreements during the first five (5) days of each calendar month. Has.

The lessor thus leases the rented premises to the lessee, and the lessee hereby leases the same to the lessor for an initial period that begins [start date] and ends [end date]. The landlord will do their best to obtain the tenant`s possession at the beginning of the rental period. If the landlord is unable to make the rented premises available on time, the rent is borne by the duration of the delay. The tenant cannot assert any other right against the landlord due to such a delay. 12. Transfer of Rights. – The tenant may not assign or transfer or incriminate his rights under the rental agreement without the prior written consent of the lessor and, without such written consent, no right, title or participation may be transferred or transferred to any party other than the tenant. Has. The tenant pays the lessor during the first rental period [annual rent] per year, payable in instalments of [monthly rental amount] per month. Each instalment payment shall be due on the first day of each calendar month during the term of the rental in advance to the lessor at [the payment address indicated by the lessor] or at another place determined by written notification of the lessor or lessee.

The amount of rent for all partial calendar months included in the rental period is set each day on a pro rata basis. The tenant also pays the landlord a “deposit” in the amount of [deposit]. Leasing laws are contained in the Civil Code of the Philippines. The notarial practice of 2004 also applies when the document is recognized before a notary. 11. . . .

September 14, 2021

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