1 Year House Lease Agreement Template for Philippines

This 1 Year House Lease Agreement template is designed for use in the Philippine real estate market, providing a legally compliant framework for residential property rentals. The document incorporates requirements from key Philippine legislation, including the Rent Control Act of 2009 and relevant provisions of the Civil Code of the Philippines. It is particularly suitable for private landlords, property management companies, and real estate agents handling residential property rentals within the Philippines. The agreement includes comprehensive provisions for rent payment, security deposits, maintenance responsibilities, and other essential terms while ensuring protection for both landlord and tenant interests. It is structured to accommodate various residential property types while maintaining compliance with local housing laws and regulations.

1. Parties: Identifies and provides complete details of the Lessor (landlord) and Lessee (tenant), including their full legal names, addresses, and contact information

2. Background: Brief context about the property and the parties' intention to enter into a lease agreement

3. Definitions: Defines key terms used throughout the agreement for clarity and legal certainty

4. Property Details: Complete description of the leased property, including exact address and specification of areas included/excluded

5. Term of Lease: Specifies the one-year duration, start date, and end date of the lease

6. Rent and Payment Terms: Details monthly rent amount, payment schedule, method of payment, and late payment penalties

7. Security Deposit: Specifies the amount, purpose, and terms for return of the security deposit

8. Utilities and Bills: Allocation of responsibility for utility payments and other regular expenses

9. Maintenance and Repairs: Outlines responsibilities of both parties regarding property maintenance and repairs

10. Use of Property: Permitted uses of the property and restrictions on activities

11. Occupancy: Specifies maximum number of occupants and rules regarding guests

12. Lessor's Rights and Obligations: Lists all obligations and rights of the property owner

13. Lessee's Rights and Obligations: Lists all obligations and rights of the tenant

14. Termination: Conditions and process for early termination of the lease

15. Default and Remedies: Consequences of breach and available remedies for both parties

16. Governing Law: Specifies Philippine law as governing law and relevant jurisdictional details

17. Signatures: Execution block with spaces for signatures, dates, and witnesses