The Simple Land Lease agreement is a fundamental legal document used in the Philippines when a property owner wishes to grant temporary use of their land to another party in exchange for rent. This document type is essential for various business and personal arrangements, from agricultural use to commercial development. The agreement must comply with the Civil Code of the Philippines, the Rent Control Act (if applicable), and other relevant property laws. A Simple Land Lease typically includes comprehensive details about the property, rental terms, permitted uses, maintenance obligations, and termination conditions. It's particularly important in the Philippine context due to specific local requirements for property registration and use restrictions. The document serves as a crucial tool for protecting both lessor and lessee interests while ensuring legal compliance in the Philippine jurisdiction.
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1. Parties: Identification of the Lessor and Lessee with complete legal names and addresses
2. Background: Context of the lease arrangement and brief description of the property
3. Definitions: Key terms used throughout the agreement
4. Property Description: Detailed description of the leased property including exact location, boundaries, and title details
5. Term and Renewal: Duration of the lease and any renewal options
6. Rent and Payment Terms: Amount of rent, payment schedule, and method of payment
7. Security Deposit: Amount, terms, and conditions for return of the security deposit
8. Use of Property: Permitted and prohibited uses of the property
9. Maintenance and Repairs: Responsibilities of each party for property maintenance and repairs
10. Utilities and Expenses: Allocation of responsibility for utilities and other operating expenses
11. Insurance and Liability: Insurance requirements and allocation of risks
12. Default and Termination: Events of default and termination procedures
13. Governing Law: Specification of Philippine law as governing law
14. Dispute Resolution: Process for resolving disputes between parties
15. Execution: Signature blocks and execution requirements
1. Agricultural Provisions: Required if the property is agricultural land, including compliance with CARL
2. Improvements: Terms regarding additions or modifications to the property, if permitted
3. Subletting and Assignment: Terms for subletting or assigning the lease, if allowed
4. Environmental Compliance: Required for properties where environmental regulations apply
5. Force Majeure: Provisions for unforeseen circumstances affecting the lease
6. Rights of First Refusal: Option for lessee to purchase property or extend lease on preferential terms
7. Broker Provisions: Required if a broker was involved in the transaction
8. Zoning Compliance: Required if property use must comply with specific zoning regulations
1. Property Plan: Detailed plan or survey of the property showing boundaries and features
2. Inventory List: List of any fixtures, fittings, or equipment included in the lease
3. Payment Schedule: Detailed breakdown of rent payments and escalation rates
4. Maintenance Schedule: Detailed listing of maintenance responsibilities and schedules
5. Property Photos: Photographic evidence of property condition at start of lease
6. Required Permits: Copies of relevant permits and certificates
7. Insurance Requirements: Detailed specifications of required insurance coverage
Authors
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Agriculture
Commercial Property
Industrial
Retail
Hospitality
Manufacturing
Logistics
Residential Property
Construction
Warehousing
Office Space
Relevant Teams
Legal
Real Estate
Operations
Finance
Facilities Management
Compliance
Property Management
Contract Administration
Business Development
Risk Management
Relevant Roles
Property Manager
Real Estate Agent
Legal Counsel
Business Development Manager
Facilities Manager
Operations Director
Chief Financial Officer
Asset Manager
Land Development Officer
Compliance Officer
Real Estate Portfolio Manager
Contract Administrator
Property Administrator
Site Manager
Leasing Manager
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