Any damage shall be presumed to be caused by the fault or negligence of LESSEE unless the same was caused by fortuitous events, acts of God such as typhoons, earthquakes, etc., or other events that could not be foreseen or could not be reasonably prevented. This Contract shall be binding on the successors and assigns of both Parties. We provide a communal place for people to shop, dine and be entertained in a safe, comfortable environment located in key urban and developing markets. If one party is in default, the other party may terminate this lease judicially or extra-judicially. LESSEE hereby assumes full responsibility for any damage or injury to the person or property of third persons while in the LEASED PROPERTY. LESSEE hereby represents and certifies that LESSEE has read and fully understood the terms and conditions of this Contract, and that LESSEE understands and is fully aware of the consequences resulting from any breach thereof. LESSEE shall immediately inform LESSOR of any damage or usurpation of the Leased Premises. The document is written according to your responses - clauses are added or removed, paragraphs are customised, words are changed, etc. No waiver of any term or provision of this Contract shall constitute a waiver of any other term or provision or of the same provision on a future date. Upon LESSEE's full and faithful compliance of each and every provision, term, and covenant of this Contract, the Security Deposit shall be returned to LESSEE Thirty (30) Days after LESSEE has vacated and surrendered the Leased Premises, provided the same is accepted by LESSOR and all the unpaid obligations and charges incurred by LESSEE has been fully settled and proof of payment has been presented to LESSOR. LESSEE shall submit a copy of the Certificate of Remittance of the withholding tax to LESSOR within Five (5) Days from the payment of the tax. A commercial lease agreement is a contract that allows a landlord to rent property used for retail, office, or industrial space to a tenant. LESSOR reserves the right to require LESSEE to remove any sign, advertisement, and display which LESSOR, in good faith, considers to be inappropriate or improper for the general appearance of the Property. LESSEE shall indemnify, hold harmless, and defend LESSOR from any and all losses, claims, demands, liabilities, and expenses by LESSEE or third persons for loss of life, injury, loss or damage to property in connection with LESSEE's possession, use, or misuse of the Leased Premises and the Property. This Commercial Lease Agreement can be used if the lessee will lease the entire property from the lessor or only a portion of the property. Pre-termination of the lease is prohibited and will result in Accelerated Rent and the forfeiture of the Security Deposit. LESSEE shall be responsible for the maintenance and upkeep of the Leased Premises including the maintenance of plumbing and electrical fixtures therein. Answer a few questions and your document is created automatically. The Lease Term is non-extendible and non-renewable. The Security Deposit shall likewise be forfeited in favor of LESSOR by way of damages. WHEREAS, the Landlord and Tenant have agreed to make certain modifications to the Lease… LESSEE shall not make any alterations, additions, and improvements on the Leased Premises without prior written consent of LESSOR. This Contract may be executed in counterparts, all of which constitute a single agreement. 24 posts related to Sample Commercial Lease Agreement Philippines. This document has several options that should be decided on in order to fully outline the rights and obligations of each party to the contract. Acknowledging a document before a notary public turns document into a public document. The 2004 Rules on Notarial Practice is also applicable if the document will be acknowledged before a notary public. If the Leased Premises is partially destroyed or damaged, as jointly determined by LESSOR and LESSEE, without the fault or negligence of LESSEE, LESSEE may choose between a proportional reduction of the rent or the rescission of the lease. 2825882, 255588 85588 5582 252 58252 22 588288 252 25228828 8825252 222882 25 8228222 82 8582 22 52 222522282. (1549a) Article 1649. Commercial Lease Agreement Sample Pdf. LESSEE shall have the option to terminate the lease prior to the end of the term provided that LESSEE pays a penalty of ________ (₱________). on or into the walls or any part of the Leased Premises or in any way damage any part thereof. LESSEE shall pay a Security Deposit of ________ (₱________) as guarantee for the full and faithful compliance of each and every provision, term, and covenant of this Contract. The prior written consent of LESSOR shall be required before LESSEE can bring in or take out any machinery, office furniture, office machine, or any type of equipment or accessories of any kind. LESSEE shall not use the Leased Premises for any illegal or immoral purpose nor shall LESSEE expose or use the Leased Premises to any extra-hazardous activities, regardless of whether the same is within or outside the scope of the purpose or use of the Leased Premises. SAMPLE LEASE CONTRACT FOR COM MERCIAL UNIT 1. LESSOR shall extend all assistance to LESSEE in securing any other services and utilities including executing, signing, and submitting any documents required by the service or utility companies. LESSOR and LESSEE shall each maintain appropriate insurance for their respective interests in the Leased Premises and property located in the Leased Premises. Use the form on the left to fill in the template. It outlines the obligations of the lessor (the owner of the property) and the lessee (the person/organization renting the property). LESSEE shall pay rent at a rate equal to ________ (________%) Percent of the normal rent payment starting from the date after the lease has been terminated, prorated based on the actual number of holdover days. ________, with the following competent proof of identification: Driver's License with number ________ which expires on ________, 2. For instance, if a … Before signing a commercial lease… A Commercial Lease Agreement is a document that can be used when a property that will be used for commercial activity will be rented. This Contract may be amended only by a written instrument signed and agreed upon by both Parties. ALTERATIONS, ADDITIONS, AND IMPROVEMENTS. An agreement to lease must contain all elements essential to a lease; e.g., identification of the parties, description of the premises to be leased, consideration (amount of rent) and a definite term … If LESSEE or other owners thereof fail to collect the property, equipment, furniture, etc. Failure to do so shall be considered a breach of this Contract which shall entitle LESSOR to terminate the lease. found at the Leased Premises at LESSEE's cost. ________, with the following competent proof of identification: Driver's License with number ________ which expires on ________. The contract protects both parties. For purposes of this Section, LESSEE hereby constitutes LESSOR and LESSOR's authorized representatives as LESSEE's attorneys-in-fact and all actions performed by them in the exercise of their authority are hereby ratified by LESSEE. WHEREAS, the LESSOR is the owner of a certain parcel of land situated at _____, Philippines, more particularly described as follows: (Technical Description of Property) WHEREAS, the Lessor desires to lease the afore-described property in favor of the LESSEE and the LESSEE accepts the lease … then, without prejudice to other actions that LESSOR may take against LESSEE, LESSEE shall repair the damage or the same shall be repaired by LESSOR at the expense of LESSEE and LESSEE shall be liable to pay rent. and to settle all liabilities to LESSOR, LESSEE authorizes and empowers LESSOR to dispose of the same, the proceeds thereof will be applied to satisfy LESSEE's unpaid obligations under this Contract without prejudice to any appropriate action which LESSOR may take to recover any deficiency. The rights of the Parties under this Lease are cumulative and shall not be construed as exclusive unless otherwise required by law. The Security Deposit shall not earn interest nor can LESSEE demand that the same be used to fulfill any monetary obligation under this Contract. CONSIDERING that LESSOR declares itself ready to lease the property to LESSEE and that the LESSEE are ready to rent the same property; A commercial lease … At the end, you receive it in Word and PDF formats. If you want to create a commercial lease agreement… LESSEE shall allow access to LESSOR to the Leased Premises for the purpose of renovations, repairs, or other work on the Leased Premises. ________;Book No. LESSOR shall present a detailed list with proper documentation for all deductions to the Security Deposit. Choose the province where the agreement will be signed. However, LESSOR shall be entitled to collect the rent for the period that LESSEE retains the Leased Premises (the "Holdover Period"). LESSEE shall pay the rent every 1st of the month in advance. CONTRACT OF LEASE. If the dates set forth at the signatures of this document are different, the Contract shall be considered effective as of the date that both LESSOR and LESSEE signed the Contract. At the end, you will immediately receive the document in Word and PDF formats. All other services and utilities shall be obtained by and for the account of LESSEE. In the event that LESSEE terminates the contract through no fault of LESSOR, abandons the Leased Premises before the expiry date, or LESSEE violates any provision, term, or covenant of this Contract, the Security Deposit shall automatically be forfeited in favor of LESSOR as liquidated damages unless the termination of the contract is due to any civil or political disturbances. 52 252 28222 2552 522 252888822 22 2588 82225582 88 5285 22 82 8285885, 255588 525 255555 52522 2552 252 522582822 2528888228 85588 82 522225 22 82 82 2588 22582 525 222282 58 82 2522 555 8222 25285225 8588285222 22 252 25252222222 22 252 8285885 252888822. You will receive it in Word and PDF formats. 255588 85588 88228882 5582 252 58252 22 5882852 5 "225 8222" 8822 555822 252 8582 55522 (8) 222258 22 252 82582. SUB-LEASE CONTRACT KNOWN ALL MEN BY THESE PRESENTS: This agreement is made and entered into by and between: a corporation duly organized and existing under the laws of the Philippines, with office address at represented in this act by its President, hereinafter referred to as SUB-LESSOR -And- PRODUCTS a company duly organized and existing under the laws of the Philippines… XXVI. LESSEE shall be liable for all damages to the Leased Premises unless said damage occurred without the fault or negligence of LESSEE. ________; Page No. LESSEE shall not drive nails, screws, hooks, etc. Headings are for convenience only and do not affect the interpretation of this Contract. Upon the termination or expiration of the lease for any cause, LESSEE shall, without need of demand, immediately vacate and peacefully and completely surrender the Leased Property to LESSOR in a good and habitable condition, save for the natural wear and tear, and devoid of any occupants, furniture, or other articles of any kind, save for any permanent improvements and fixtures that cannot be removed without damage to the Leased Premises which shall be surrendered in good condition to LESSOR with the Leased Premises without compensation to LESSEE. LESSEE shall, at its own expense, also maintain property insurance on its own furniture, equipment, and other property found inside the Leased Premises, a copy of which shall likewise be delivered to LESSOR within Thirty (30) Days from the date of this Contract. This AGREEMENT, made and entered on this _____ day of _____ 200_ in Quezon City, Metro Manila, by and between: The PHILIPPINE NUCLEAR RESEARCH INSTITUTE, … Region that … Landlord is the … The tenant pays a monthly amount, usually calculates as a cost per … Contract of Lease – Robinsons Land Corporation and US Auto Parts Network (Philippines) Corporation ceiling boards are included in the deliverables, but LESSEE shall have the option not to have these … LESSEE shall peacefully deliver the Leased Premises or any portion thereof to LESSOR if, during the term of this Contract, the Government, or any of its instrumentalities or political subdivisions, or any public utility company, expropriates or condemns the same or any affected portion thereof. Any increase in insurance payable by LESSOR from the storage of any said material, article, or thing shall likewise be for the account of LESSEE. LESSOR shall not be liable to pay any compensation or claims by reason of any inconvenience or annoyance to LESSEE by reason of said renovations, repairs, or other works provided that the same does not unreasonably prevent LESSEE from using the Leased Premises for the purposes provided in this Contract. COMMERCIAL LEASE AGREEMENT This Commercial Lease Agreement ("Lease") is made and effective [Date], by and between [Landlord] ("Landlord") and [Tenant] ("Tenant"). Be it shopping, dining, or entertainment, we are always in search for fresh and exciting retail concepts. LESSEE shall remit the withholding tax to the Bureau of Internal Revenue on behalf of LESSOR in accordance to the applicable laws and regulations. February 2, 2021 by Mathilde Émond. LESSOR reserves the right to prescribe or limit the weight of any machinery and other equipment or furniture that LESSEE may bring and keep in the Leased Premises. You can then open the Word document to modify it and reuse it however you wish. LESSOR shall be added as the joint beneficiary to any such insurance policy and said policy shall be assigned and delivered to LESSOR within Thirty (30) Days from the date of this Contract. For purposes of this section, LESSEE expressly constitutes LESSOR and LESSOR's authorized representatives as LESSEE's attorneys-in-fact and all actions performed by them in the exercise of their authority are hereby ratified by LESSEE. LESSEE also authorizes and empowers LESSOR and/or LESSOR's authorized representatives to take full control and possession of the LEASED PROPERTY and to remove and store LESSEE's properties at LESSEE's cost. Any alterations, additions, and improvements on the Leased Premises, except movable property and fixtures put in at the expense of LESSEE and can be removed without damage or destruction to the Leased Premises, shall remain on and be surrendered as part of the Leased Premises upon the termination of the lease and the same shall become the property of LESSOR without compensation to LESSEE. Public documents are generally self-authenticating, meaning no other evidence will be needed to prove the execution of the document. LESSEE shall maintain the Leased Premises in a clean and sanitary condition, free from noxious odors, disturbances and other nuisances at their expense. The blurry words become clear when the document is downloaded. LESSEE shall have the right to the enjoyment and peaceful possession of the Leased Premises during the period of the lease without interruption from LESSOR or any person claiming under him provided that LESSEE complies with all the terms, provisions, and conditions of this Contract. LESSEE's insurance shall be in an amount equal to the maximum insurable thereof with such insurance company or companies that are reasonably satisfactory to LESSOR. This Contract of Lease (the "Contract") is made and entered into at City/Municipality of ___________________________, Province of ___________________________, this ________ day of ________________, 20____, by and between: ________, Filipino, of legal age, with address at ________ hereinafter referred to as the "LESSOR", ________, Filipino, of legal age, with address at ________ hereinafter referred to as the "LESSEE", LESSOR and LESSEE shall hereinafter be referred to collectively as the "Parties". Said collection of rent after the termination of the lease of shall not be construed as evidence of consent for LESSEE to retain the LEASED PROPERTY nor shall it be proof of an implied renewal of the lease. In case of failure or refusal of the LESSEE to vacate and surrender the Apartment to the LESSEE at the expiration or termination of the lease… Sample Commercial Lease Agreement … If the Leased Premises is partially destroyed or damaged due to the fault or negligence of LESSEE, LESSEE shall repair any said damage in accordance with the preceding Section. Lease … Both parties should review the document, and if satisfactory, sign all the copies of the same. XXV. Failure of either party to insist, in one or more instances, the strict performance of any of the terms of this Contract, or to exercise any portion herein contained, shall thereafter not be construed as abandonment or cancellation or waiver of such term. 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