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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
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