Single Tenancy Agreement Template for Philippines

The Single Tenancy Agreement is a fundamental legal document used in the Philippines for establishing a formal rental relationship between a property owner (landlord) and a single tenant. This document is essential for both residential and commercial property rentals, ensuring compliance with Philippine legislation including the Rent Control Act of 2009 and relevant provisions of the Civil Code of the Philippines. It should be used whenever a property owner intends to rent out a property to a single occupant or entity, providing comprehensive coverage of all rental terms, conditions, rights, and obligations. The agreement includes crucial elements such as property details, rental terms, payment schedules, maintenance responsibilities, and termination procedures, all structured to comply with local legal requirements and protect both parties' interests.

1. Parties: Identifies and provides complete details of the Landlord and Tenant, including full legal names, addresses, and contact information

2. Background: Brief context of the agreement and property rental arrangement

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

4. Property Details: Comprehensive description of the rental property, including exact address and any included fixtures and fittings

5. Term and Commencement: Specifies the duration of the lease and start date

6. Rent and Payment Terms: Details of rental amount, payment schedule, method of payment, and late payment consequences

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

8. Utilities and Bills: Responsibilities for utility connections, payments, and maintenance charges

9. Maintenance and Repairs: Obligations of both parties regarding property maintenance and repair procedures

10. Use of Property: Permitted use of the property and any restrictions

11. Tenant's Obligations: Comprehensive list of tenant responsibilities and commitments

12. Landlord's Obligations: Comprehensive list of landlord responsibilities and commitments

13. Insurance: Requirements for insurance coverage by both parties

14. Termination: Conditions and procedures for ending the tenancy

15. Governing Law: Specifies Philippine law as governing law and relevant jurisdictions

16. Notices: Process for serving formal notices between parties

17. Entire Agreement: Confirms the agreement as the complete understanding between parties