Tenancy Agreement Template for Philippines

The Tenancy Agreement serves as a legally binding contract under Philippine law, essential for both residential and commercial property rentals in the Philippines. This document is required whenever a property owner (landlord) agrees to rent out their property to a tenant for a specified period. It must comply with the Rent Control Act of 2009, relevant provisions of the Civil Code of the Philippines, and local government regulations. The agreement typically includes comprehensive details about the property, rental terms, payment schedules, security deposits, maintenance responsibilities, and conditions for termination. It's designed to protect both landlord and tenant interests while ensuring compliance with Philippine property and contract law requirements.

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 property rental arrangement

3. Definitions: Key terms used throughout the agreement defined for clarity

4. Property Details: Comprehensive description of the rental property, including exact address and boundaries

5. Term: Duration of the lease, including start and end dates, and any renewal provisions

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. Landlord's Obligations: Legal obligations and commitments of the landlord

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

13. Insurance: Required insurance coverage and responsibilities

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

15. Termination: Grounds and procedures for termination of the agreement

16. Governing Law: Specification of Philippine law as governing law and jurisdiction

17. Notices: Process and addresses for serving formal notices

18. Entire Agreement: Standard clause confirming the agreement represents the complete understanding between parties