Sample Lease Agreement In The Philippines

1. PURPOSES: The premises leased here and there are exclusively uses by LESSEE for residential purposes and are not used for other purposes. It is expressly agreed herein that if the premises are used at any time for other purposes, THEORS has the right to withdraw from this contract, without prejudice to its other legal rights. The typical rental period for condominiums, apartments and houses is one year. If the tenant only resides for a few months in the Philippines, it is best to rent a service apartment. A rental contract is one of the most important legal forms in the field of real estate since it concludes a legally binding contract between tenants and landlords. This rental agreement gives tenants the right to reside for a predetermined part of a particular property and to have a specific property at their disposal, while the owner retains the property. Therefore, the lessor retains certain rights, such as the termination of the contract, which leads to eviction when tenants damage the land or prove unsuitable by other means. The downloadable lease below can be used as a legally binding rental agreement, regardless of the type of property. These benefits to both parties have significantly increased the demand for housing and rental housing in recent years. In order to make the process as fast and simple as possible, we have provided here at Lamudi a downloadable rental contract that is ready to be used for the conclusion of the lease. It is best to have the agreement written by the landlord and tenant personally signed. The owner may promise certain oral provisions to cancel them later in the written contract.

The written contract or written agreement is legally binding. It is also advisable to hire a good real estate lawyer to review the contract before signing. 8. FORCE MAJEURE: If all or part of the rented premises are destroyed or damaged by fire, flooding, lightning, typhoon, earthquakes, storms, riots or any other unforeseen disturbance of God`s actions, in order to render the rented premises significantly unfit for use and occupation of the LESSEE for the duration of the life, this lease can be terminated in writing by THE LESSOR or by LESSEE without compensation. NOW THEREFORE, for and in view of the above premises, the LESSOR rented to LESSEE and the LESSEE by this one takes the premises LEASED by the LESSOR, subject to: 10. LEASE EXPIRATION: At the expiry of the lease or termination, as stipulated here, the LESSEE becomes at LESSOR the premises rented with all the appropriate keys and in a condition as good and durable as now, providing without delay ordinary wear without all occupants, moving furniture, objects and effects of any kind. The non-compliance with the provisions of this clause by LESSEE gives LESSOR the right to refuse the acceptance of the premises after its election and to compel LESSEE to pay the rent at the same rate plus twenty-five (25) % including a penalty until the LESSEE has complied with the above conditions. The same penalty is imposed if the LESSEE does not leave the premises at the expiry of this lease or termination agreement for any reason. NOW, THEREFORE, for and taking into account the terms agreed by the parties, LESSOR heresafter leases to LESSEE, its heirs, successors and beneficiaries of the transfer, the land described above, which is subject to the following conditions, to know: on the other hand, if the tenants decide to move for any reason, a letter of termination that gives the landlord a month to find new occupants. is generally sufficient. In addition, the lease agreement should stipulate that the lease does not include property, property or transfer tax, since these financial charges are generally imposed on the lessor.

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