1 Year Tenancy Agreement Template for Philippines

This 1 Year Tenancy Agreement template is designed for use in residential property leasing within the Philippines, providing a legally compliant framework for both landlords and tenants. The document is structured to align with requirements set forth in the Philippine Civil Code, Rent Control Act, and other relevant local regulations. It is particularly suitable for private residential properties, condominiums, and apartments where a fixed one-year term is desired. The agreement includes comprehensive provisions for rent payment, security deposits, maintenance responsibilities, and other essential terms while incorporating specific protections required by Philippine law. This template can be used by individual landlords, property management companies, and real estate professionals to establish clear and enforceable lease terms while ensuring compliance with local housing regulations.

1. Parties: Identification and details of the Landlord and Tenant, including complete names, addresses, and contact information

2. Background: Brief context of the agreement and confirmation that the Landlord owns/has right to lease the Property

3. Definitions: Definitions of key terms used throughout the agreement

4. Property Details: Complete description and address of the rental property

5. Term of Lease: Specification of the 1-year lease period, including start and end dates

6. Rent and Payment Terms: Monthly rent amount, payment schedule, and acceptable payment methods

7. Security Deposit: Amount, payment terms, and conditions for return of the security deposit

8. Utilities and Bills: Responsibility for utility payments and other regular expenses

9. Use of Property: Permitted use of the property and occupancy restrictions

10. Maintenance and Repairs: Responsibilities of both parties regarding property maintenance and repairs

11. Landlord's Obligations: Legal obligations and responsibilities of the Landlord

12. Tenant's Obligations: Legal obligations and responsibilities of the Tenant

13. Insurance: Requirements for property and content insurance

14. Default and Remedies: Consequences of breach and available remedies

15. Termination: Conditions and process for early termination

16. Notices: Process for sending formal notices between parties

17. Governing Law: Confirmation that the agreement is governed by Philippine law

18. Execution: Signature blocks and execution details