When looking for a place to rent in the Philippines, it is important to have a lease agreement in place to protect both the tenant and the landlord. A lease agreement is a legally binding document that outlines the terms and conditions of the rental agreement. Here is a sample lease agreement in the Philippines that can be adapted to suit the needs of both parties.
PARTIES: This lease agreement is between [Landlord`s name] (hereinafter referred to as the “Landlord”), and [Tenant`s name] (hereinafter referred to as the “Tenant”).
PROPERTY: The Landlord agrees to lease the property located at [address] to the Tenant for residential purposes only.
TERM: This lease agreement will begin on [start date] and will terminate on [end date], unless renewed by both parties.
RENT: The Tenant agrees to pay rent in the amount of [rent amount] per month, due on the [due date] of each month. Rent may be paid by cash, check, or bank deposit.
ELECTRICITY AND WATER: The Tenant agrees to pay for their own electricity and water usage. The Landlord agrees to provide meters for both and the Tenant agrees to pay the bills on time.
UTILITY DEPOSIT: The Tenant will be required to pay a utility deposit of [amount] to cover any unpaid bills or damage done by the Tenant. The deposit will be returned to the Tenant at the end of the lease term, less any deductions for unpaid bills or damage.
SECURITY DEPOSIT: The Tenant will be required to pay a security deposit of [amount] to cover any damage done by the Tenant to the property. The deposit will be returned to the Tenant at the end of the lease term, less any deductions for damage.
USE OF PREMISES: The Tenant agrees to use the premises only for residential purposes and to keep the property in good condition. The Tenant agrees not to use the property for any illegal purposes or activities.
PETS: The Tenant agrees not to keep any pets on the property without the prior written consent of the Landlord.
REPAIRS AND MAINTENANCE: The Tenant agrees to keep the property clean and in good condition. Any repairs or maintenance needed due to negligence or intentional damage by the Tenant will be the responsibility of the Tenant.
GOVERNING LAW: This lease agreement will be governed by the laws of the Philippines.
IN WITNESS WHEREOF, the Landlord and the Tenant have executed this lease agreement as of the date first above written.
[Landlord`s signature] [Tenant`s signature]
