This 12 Month Lease Agreement template is designed for use in the Philippine real estate market, providing a comprehensive framework for fixed-term residential tenancy arrangements. The document is structured to comply with Philippine property law, including the Civil Code of the Philippines and the Rent Control Act, while addressing practical aspects of modern leasing relationships. It is particularly suitable for both individual and corporate lessors and lessees seeking to establish clear, legally-compliant rental arrangements. The agreement includes provisions for rent payment, security deposits, maintenance obligations, and other essential terms required under Philippine law, while remaining adaptable to various property types and tenant needs. This template reflects current market practices and regulatory requirements in the Philippines, making it a valuable tool for property owners, managers, and tenants engaging in residential lease arrangements.
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1. Parties: Identifies and provides complete details of the Lessor and Lessee, including full legal names, addresses, and contact information
2. Background: Briefly describes the context of the lease agreement and confirms the parties' intention to enter into a lease arrangement
3. Definitions: Defines key terms used throughout the agreement to ensure clear interpretation
4. Property Details: Comprehensive description of the leased property, including exact address and any included fixtures and fittings
5. Term and Commencement: Specifies the 12-month duration and exact start and end dates of the lease
6. Rent and Payment Terms: Details the monthly rent amount, payment due dates, and acceptable payment methods
7. Security Deposit: Specifies the security deposit amount, terms of holding, and conditions for return
8. Utilities and Bills: Outlines responsibility for utility connections and payments
9. Maintenance and Repairs: Defines responsibilities for property maintenance and repair obligations of both parties
10. Use of Property: Specifies permitted use of the property and any restrictions
11. Occupancy Limits: States the maximum number of occupants permitted
12. Lessor's Obligations: Lists all obligations and responsibilities of the property owner
13. Lessee's Obligations: Lists all obligations and responsibilities of the tenant
14. Insurance: Specifies required insurance coverage and responsibilities
15. Termination: Details circumstances and procedures for early termination
16. Governing Law: Confirms the agreement is governed by Philippine law and local regulations
17. Signatures: Space for parties to execute the agreement with witnesses
1. Pets: Include when pets are permitted, specifying conditions and any additional deposits
2. Subletting: Include when subletting is allowed, detailing conditions and approval process
3. Parking: Include when parking spaces are part of the lease
4. Common Areas: Include for properties with shared facilities or common areas
5. Renovations and Alterations: Include when specific provisions for property modifications are needed
6. Property Management: Include when a property manager is involved besides the owner
7. Force Majeure: Include specific provisions for extraordinary events like natural disasters
8. Option to Renew: Include when offering the tenant an option to extend the lease
1. Schedule 1 - Property Inventory: Detailed list of all fixtures, fittings, and furniture included in the lease
2. Schedule 2 - Property Condition Report: Detailed description of the property condition at the start of the lease
3. Schedule 3 - House Rules: Specific rules and regulations for the property, especially important for multi-unit buildings
4. Schedule 4 - Utility Readings: Initial meter readings for utilities at the start of the lease
5. Schedule 5 - Maintenance Schedule: Regular maintenance schedule and responsibilities if applicable
6. Appendix A - Photo Documentation: Photographs of the property condition at the start of the lease
7. Appendix B - Required Permits: Copies of relevant permits and certificates required by local authorities
Relevant legal definitions
Agreement
Advance Rent
Building
Common Areas
Commencement Date
Default
Deposit
Expiry Date
Force Majeure
Fixtures and Fittings
Landlord's Consent
Lease Period
Lease Term
Lessee
Lessor
Monthly Rent
Notice
Occupants
Permitted Use
Premises
Property
Property Manager
Rent
Rental Due Date
Security Deposit
Services
Term
Termination Date
Utilities
Working Day
Advance Rent
Building
Common Areas
Commencement Date
Default
Deposit
Expiry Date
Force Majeure
Fixtures and Fittings
Landlord's Consent
Lease Period
Lease Term
Lessee
Lessor
Monthly Rent
Notice
Occupants
Permitted Use
Premises
Property
Property Manager
Rent
Rental Due Date
Security Deposit
Services
Term
Termination Date
Utilities
Working Day
Clauses
Parties
Recitals
Definitions
Grant of Lease
Term
Rent Payment
Security Deposit
Utilities and Services
Use of Premises
Maintenance and Repairs
Alterations and Improvements
Insurance
Assignment and Subletting
Quiet Enjoyment
Access Rights
Property Condition
Compliance with Laws
Default and Remedies
Termination
Force Majeure
Notices
Indemnification
Registration and Stamp Duty
Governing Law
Dispute Resolution
Severability
Entire Agreement
Amendment
Waiver
Counterparts
Recitals
Definitions
Grant of Lease
Term
Rent Payment
Security Deposit
Utilities and Services
Use of Premises
Maintenance and Repairs
Alterations and Improvements
Insurance
Assignment and Subletting
Quiet Enjoyment
Access Rights
Property Condition
Compliance with Laws
Default and Remedies
Termination
Force Majeure
Notices
Indemnification
Registration and Stamp Duty
Governing Law
Dispute Resolution
Severability
Entire Agreement
Amendment
Waiver
Counterparts
Relevant Industries
Real Estate
Property Management
Residential Housing
Commercial Property
Corporate Housing
Student Housing
Serviced Apartments
Property Development
Real Estate Investment
Relevant Teams
Legal
Real Estate
Property Management
Facilities
Operations
Compliance
Asset Management
Tenant Relations
Corporate Services
Administrative Services
Relevant Roles
Property Manager
Real Estate Agent
Leasing Manager
Legal Counsel
Compliance Officer
Housing Coordinator
Facilities Manager
Real Estate Broker
Property Administrator
Asset Manager
Tenant Relations Manager
Corporate Housing Manager
Real Estate Operations Manager
Property Development Manager
Lease Administrator
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