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Master Lease Agreement for Philippines

Master Lease Agreement Template for Philippines

A comprehensive legal agreement governed by Philippine law that establishes the overarching terms and conditions for multiple lease arrangements between a lessor and lessee. This document serves as an umbrella agreement that streamlines the leasing process when a tenant requires multiple properties, providing standardized terms while allowing for property-specific variations through schedules. It incorporates key provisions from the Civil Code of the Philippines and relevant property laws, ensuring compliance with local regulations while offering flexibility for commercial requirements.

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What is a Master Lease Agreement?

The Master Lease Agreement is designed for situations where a tenant requires multiple properties from the same landlord, either simultaneously or over time. This document, governed by Philippine law and compliant with the Civil Code of the Philippines, streamlines the leasing process by establishing standard terms that apply across all properties while allowing for property-specific variations through schedules. It's particularly useful for businesses expanding their operations across multiple locations, as it eliminates the need to negotiate entirely new agreements for each property. The Master Lease Agreement includes provisions for adding or removing properties, standardized maintenance and operating procedures, consistent payment terms, and uniform compliance requirements, while maintaining flexibility through property-specific schedules.

What sections should be included in a Master Lease Agreement?

1. Parties: Identification of the lessor and lessee, including their complete legal names, addresses, and registration details

2. Background: Context of the agreement, relationship between parties, and general purpose of the master lease arrangement

3. Definitions: Comprehensive definitions of terms used throughout the agreement, including Property, Lease Term, Common Areas, etc.

4. Grant of Lease: Core provision establishing the lease relationship and incorporation of individual property leases

5. Term and Renewal: Master agreement duration, renewal processes, and relationship to individual property lease terms

6. Rent and Other Charges: General provisions for rent determination, payment terms, and additional charges

7. Security Deposit: Requirements for security deposits, terms of holding and return

8. Use of Premises: General permitted and prohibited uses of leased properties

9. Maintenance and Repairs: Allocation of maintenance responsibilities between lessor and lessee

10. Alterations and Improvements: Rules governing modifications to leased properties

11. Insurance and Liability: Required insurance coverage and allocation of risks

12. Default and Remedies: Events of default, cure periods, and available remedies

13. Assignment and Subletting: Rules regarding transfer of lease rights and subletting

14. Governing Law and Dispute Resolution: Choice of law and mechanisms for resolving disputes

15. Notices: Methods and requirements for formal communications between parties

16. General Provisions: Standard boilerplate provisions including severability, entire agreement, and amendments

What sections are optional to include in a Master Lease Agreement?

1. Common Areas: Required for multi-tenant properties, defining rights and obligations regarding shared spaces

2. Utilities and Services: Include when utilities are not individually metered or when services are provided by lessor

3. Environmental Matters: Important for industrial or potentially contaminated properties

4. Building Rules and Regulations: Necessary for properties with specific operational requirements or shared facilities

5. Property Management: Include when property management services are provided by lessor or designated agent

6. Force Majeure: While often standard, can be optional based on risk allocation preferences

7. Development Rights: Include for properties that may undergo future development or major renovations

8. Early Termination Rights: Optional provisions for early termination under specific circumstances

9. Signage Rights: Important for commercial properties where visibility and branding are crucial

What schedules should be included in a Master Lease Agreement?

1. Schedule of Properties: List of all properties covered under the master lease, with detailed descriptions and specific terms

2. Rent Schedule: Detailed breakdown of rent for each property, including escalation rates and special provisions

3. Form of Property Schedule: Template for adding new properties to the master lease

4. Service Level Requirements: Detailed maintenance and service standards for each property type

5. Insurance Requirements: Specific insurance coverage requirements and minimum limits

6. Permitted Alterations: Pre-approved alterations and improvement guidelines

7. Building Rules: Detailed rules and regulations for property use and operation

8. Condition Report Template: Standard form for documenting property condition at commencement and termination

9. Handover Procedures: Detailed procedures for property handover at commencement and termination

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Philippines

Publisher

Ƶ

Document Type

Agreement Contract

Cost

Free to use
Relevant legal definitions











































Clauses







































Relevant Industries

Real Estate

Retail

Banking and Financial Services

Manufacturing

Logistics and Warehousing

Healthcare

Education

Hospitality

Technology

Professional Services

Telecommunications

Food and Beverage

Industrial

Relevant Teams

Legal

Real Estate

Facilities Management

Finance

Operations

Procurement

Risk Management

Compliance

Asset Management

Property Management

Corporate Services

Administration

Relevant Roles

Chief Legal Officer

Real Estate Manager

Facilities Manager

Property Manager

Legal Counsel

Chief Financial Officer

Operations Director

Business Development Manager

Corporate Real Estate Manager

Procurement Manager

Risk Manager

Compliance Officer

Asset Manager

Lease Administrator

Real Estate Director

Chief Operating Officer

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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