I would want a lease agreement stipulating 10 years minimum with a fixed annual rate for the 10 years (no increases in lease fees) and have an option to lease for a further 5 years should both parties agree to it, and at an agreed annual fee, which may be higher than the previous rate was.
When the lease expires after 10 years, or 15 years (whatever the case may be) we can either clear the property and return it to its original condition, or we can we can ask the owner of the land pay us a set amount of money to leave the cottages there, and he completely take over the accommodation business from us, which i would think would be a much better option for him.
If we can build the cottages at minimal cost to us, the less we lose at the end if we are required to remove them, and building them from timber and thatch makes it a very simple job to remove them if we had to, and we want the cottages to be more akin to the surrounding dwellings on this beach as well, apart from the owners 2 story "yellow and green" concrete accommodation house that is built at one end of the beach.
We just need to make sure that we can make a go of the accommodation business so it gives us a small income on top of paying the lease fees every year, and it is our intention to live there for 6 months a year after 2021 if all goes to plan.
The plan we have worked out is to build 3 cottages initially, and charge 500 to 750 peso per night for each cottage, with occupancy running at 5 nights per week per cottage, and if this works, we can make around 390,000 to 580,000 peso per year depending on what we charge, with the lease costing 100k per year, or less if we can haggle it to say 75k per year, which is what i feel it is worth, given this region has not yet developed any tourism at all, and has only basic facilities, but is within 1 hour of El Nido by boat or vehicle.
As mentioned, a Lawer with skills in Leasing will definitely be a must, but i have to put this to the land owner and i am not sure how he will take this, as we have only talked online several times, and will meet him when we get to Diapila Bay next April to meet him.
Cheers
Edit by Steve: Removed link.