The Fixed Term Rental Agreement is a crucial legal document used in the Philippine real estate market to establish a definitive rental arrangement with a specified end date. This document is essential when parties wish to create a binding lease arrangement for a predetermined period, whether for residential or commercial purposes. It must comply with various Philippine regulations, including the Rent Control Act (RA 9653), Civil Code provisions, and local housing codes. The agreement covers critical aspects such as rental payments, security deposits, maintenance responsibilities, and termination conditions, all structured within the Philippine legal framework. It's particularly useful for landlords and tenants seeking clarity in their rental arrangements and protecting their respective rights and obligations under Philippine law.
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1. Parties: Identification and details of the Landlord and Tenant, including complete names, addresses, and contact information
2. Background: Brief context of the rental arrangement and property ownership
3. Definitions: Key terms used throughout the agreement defined for clarity
4. Property Details: Comprehensive description of the rental property, including address and specific unit details
5. Term: Duration of the lease, including start and end dates
6. Rent and Payment Terms: Rental amount, payment schedule, method of payment, and late payment penalties
7. Security Deposit: Amount, terms of holding, and conditions for return of the security deposit
8. Utilities and Bills: Responsibility for utility connections and payments
9. Use of Property: Permitted use of the property and any restrictions
10. Maintenance and Repairs: Responsibilities of both parties regarding property maintenance and repairs
11. Access and Inspection: Landlord's rights to access the property and inspection protocols
12. Tenant's Obligations: Core responsibilities and obligations of the tenant
13. Landlord's Obligations: Core responsibilities and obligations of the landlord
14. Termination: Conditions and process for early termination of the agreement
15. Governing Law: Confirmation that the agreement is governed by Philippine law
16. Notices: Process for serving formal notices between parties
17. Execution: Signature blocks and execution details
1. Subletting: Include when subletting is to be permitted, specifying conditions and approval process
2. Pets: Include when pets are allowed, specifying conditions and any additional deposits required
3. Renovation and Alterations: Include when tenant is permitted to make modifications to the property
4. Parking: Include when parking spaces are part of the rental agreement
5. Common Areas: Include for properties with shared facilities or common areas
6. Insurance Requirements: Include when specific insurance coverage is required from either party
7. Force Majeure: Include when parties want to address circumstances beyond their control
8. Property Management: Include when a property manager is involved in addition to the landlord
1. Schedule 1 - Property Inventory: Detailed list of furnishings and fixtures included in the rental
2. Schedule 2 - Property Condition Report: Detailed description of property condition at start of tenancy
3. Schedule 3 - House Rules: Specific rules and regulations for the property or building
4. Schedule 4 - Utility Reading Records: Initial utility meter readings at handover
5. Appendix A - Payment Schedule: Detailed breakdown of rent payments and due dates
6. Appendix B - Maintenance Schedule: Regular maintenance schedule and responsibilities
7. Appendix C - Photo Documentation: Photographs of property condition at commencement of lease
Relevant legal definitions
Agreement
Business Day
Commencement Date
Common Areas
Deposit
End Date
Fixed Term
Fixtures and Fittings
Force Majeure
Landlord
Lease Period
Monthly Rent
Notice
Parties
Permitted Use
Premises
Property
Rent
Rent Control Act
Rent Due Date
Security Deposit
Services
Tenant
Term
Termination Date
Utilities
Working Hours
Writing
Building
Building Rules
Default Interest Rate
Occupants
Payment Date
Rental Period
Required Condition
Structural Alterations
Utility Charges
Business Day
Commencement Date
Common Areas
Deposit
End Date
Fixed Term
Fixtures and Fittings
Force Majeure
Landlord
Lease Period
Monthly Rent
Notice
Parties
Permitted Use
Premises
Property
Rent
Rent Control Act
Rent Due Date
Security Deposit
Services
Tenant
Term
Termination Date
Utilities
Working Hours
Writing
Building
Building Rules
Default Interest Rate
Occupants
Payment Date
Rental Period
Required Condition
Structural Alterations
Utility Charges
Clauses
Parties and Property
Term and Renewal
Rent and Payment
Security Deposit
Use of Premises
Utilities and Services
Maintenance and Repairs
Alterations and Improvements
Insurance
Access and Inspection
Assignment and Subletting
Default and Remedies
Termination
Property Damage
Quiet Enjoyment
Compliance with Laws
Force Majeure
Notices
Dispute Resolution
Governing Law
Severability
Entire Agreement
Amendment
Registration
Representations and Warranties
Indemnification
Common Areas
Health and Safety
Property Management
Binding Effect
Term and Renewal
Rent and Payment
Security Deposit
Use of Premises
Utilities and Services
Maintenance and Repairs
Alterations and Improvements
Insurance
Access and Inspection
Assignment and Subletting
Default and Remedies
Termination
Property Damage
Quiet Enjoyment
Compliance with Laws
Force Majeure
Notices
Dispute Resolution
Governing Law
Severability
Entire Agreement
Amendment
Registration
Representations and Warranties
Indemnification
Common Areas
Health and Safety
Property Management
Binding Effect
Relevant Industries
Real Estate
Residential Property
Commercial Property
Property Management
Corporate Housing
Student Housing
Retail
Office Space
Industrial
Hospitality
Relevant Teams
Legal
Real Estate
Property Management
Facilities Management
Operations
Compliance
Administrative
Asset Management
Corporate Services
Risk Management
Relevant Roles
Property Manager
Real Estate Agent
Leasing Manager
Legal Counsel
Corporate Housing Manager
Facilities Manager
Real Estate Administrator
Compliance Officer
Housing Coordinator
Asset Manager
Property Administrator
Tenant Relations Manager
Real Estate Operations Manager
Legal Administrator
Housing Officer
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