We want to bring these promises to you. If you have a property that meets these requirements, please fill out the form and submit.This group was created to help people find potential business locations for their chosen business and encourage entrepreneurs to venture into a business. What you may do for now is put up a big or huge tarp with the FOR LEASE sign, total floor size and your contact number. Has anyone here ever taken a long term lease? I am talking about the 25 year with a 25 year renewal option under Presidential Decree 471. Leasing land in the PH. Can we talk a little bit about this topic? Foreigners, as everybody knows, cannot buy land, but they can lease it. In this comprehensive guide, we will take you through everything you need to know about starting a rental business in the Philippines. A landlord will draft a letter of intent to lease commercial property to offer a tenant the fundamental terms and conditions of the prospective lease agreement.