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Master Rental Agreement for Philippines

Master Rental Agreement Template for Philippines

A comprehensive legal document governed by Philippine law that establishes the framework for multiple rental arrangements between a landlord and tenant. This agreement serves as an umbrella contract that sets out the standard terms and conditions applying to all subsequent individual lease agreements, streamlining the process for managing multiple rental properties or spaces. It incorporates provisions compliant with the Civil Code of the Philippines, the Rent Control Act, and other relevant Philippine property legislation, while providing flexibility for specific terms in individual lease arrangements.

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What is a Master Rental Agreement?

The Master Rental Agreement is designed for situations where parties anticipate entering into multiple lease arrangements over time or across multiple properties in the Philippines. This document type is particularly useful for corporate tenants managing multiple locations or landlords with extensive property portfolios. The agreement establishes standardized terms, procedures, and requirements that will govern all subsequent individual lease agreements, thereby reducing negotiation time and ensuring consistency across all rental arrangements. It must comply with Philippine property laws, including the Civil Code of the Philippines and relevant commercial regulations. The document typically includes provisions for adding or removing properties, standard payment terms, maintenance obligations, insurance requirements, and dispute resolution procedures, while allowing flexibility to accommodate specific requirements for individual properties through schedules and appendices.

What sections should be included in a Master Rental Agreement?

1. Parties: Identification of the Master Landlord and Master Tenant, including full legal names, addresses, and registration details for corporate entities

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

3. Definitions: Comprehensive definitions of terms used throughout the agreement, including Property, Lease Period, Base Rent, etc.

4. Scope of Agreement: Overview of what the master agreement covers and how individual rental arrangements will be handled

5. Term and Renewal: Duration of the master agreement and conditions for renewal or extension

6. Rental Process: Procedures for adding properties under the master agreement and creating individual lease arrangements

7. Payment Terms: General terms for rent payment, security deposits, and other financial obligations

8. Maintenance and Repairs: General obligations regarding property maintenance, repairs, and improvements

9. Insurance Requirements: Insurance obligations for both parties, including types of coverage required

10. Default and Remedies: Events of default and available remedies under the agreement

11. Termination: Conditions and procedures for terminating the master agreement or individual leases

12. Governing Law: Specification of Philippine law as governing law and jurisdiction details

13. General Provisions: Standard boilerplate provisions including notices, amendments, and entire agreement clause

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

1. Property Management: Include when the agreement involves third-party property managers or property management services

2. Multi-Location Terms: Required for agreements covering multiple properties in different locations with specific local requirements

3. Fit-out Provisions: Include for commercial properties requiring tenant improvements or modifications

4. Environmental Compliance: Required for industrial or commercial properties with specific environmental considerations

5. Subletting and Assignment: Include when the tenant may need rights to sublet or assign properties

6. Force Majeure: Detailed force majeure provisions, particularly relevant post-COVID

7. Electronic Communications: Include when parties agree to use electronic means for notices and documentation

8. Special Use Provisions: Required for properties with specific use restrictions or requirements

What schedules should be included in a Master Rental Agreement?

1. Schedule A - Property List: List of all properties covered or to be covered under the master agreement

2. Schedule B - Rent Schedule: Standard rental rates, escalation formulae, and payment terms for different property types

3. Schedule C - Property Standards: Minimum standards and specifications for properties to be included under the agreement

4. Schedule D - Service Level Requirements: Maintenance and service standards applicable to all properties

5. Schedule E - Form of Individual Lease: Template for individual lease agreements to be used under the master agreement

6. Schedule F - Insurance Requirements: Detailed insurance requirements including minimum coverage amounts

7. Appendix 1 - Property Addition Form: Standard form for adding new properties to the master agreement

8. Appendix 2 - Condition Report Template: Standard template for property condition assessments

9. Appendix 3 - Approved Alterations: List of pre-approved alterations or modifications that can be made to properties

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

Master Agreement

Cost

Free to use
Relevant legal definitions










































Clauses



































Relevant Industries

Real Estate

Commercial Property

Residential Property

Retail

Industrial

Hospitality

Office Space

Warehousing and Logistics

Manufacturing

Healthcare Facilities

Educational Institutions

Mixed-Use Development

Relevant Teams

Legal

Real Estate

Facilities Management

Operations

Finance

Risk and Compliance

Property Management

Asset Management

Corporate Services

Procurement

Administration

Relevant Roles

Real Estate Manager

Property Manager

Facilities Manager

Legal Counsel

Corporate Lawyer

Operations Director

Chief Financial Officer

Risk Manager

Compliance Officer

Asset Manager

Real Estate Director

Leasing Manager

Contract Administrator

Property Development Manager

Real Estate Portfolio Manager

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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