Tenancy Agreement Form Template for Philippines

The Tenancy Agreement Form is a vital legal document used in the Philippines for establishing a formal landlord-tenant relationship in both residential and commercial property rentals. This document is essential for compliance with Philippine property laws, particularly the Rent Control Act and relevant provisions of the Civil Code of the Philippines. It should be used whenever a property owner (landlord) intends to lease their property to a tenant, whether for residential or commercial purposes. The agreement covers crucial elements including rent amount, payment terms, security deposits, maintenance responsibilities, utilities, property use restrictions, and termination conditions. It provides legal protection for both parties and ensures clarity in their respective rights and obligations. The document must align with local government requirements and may need registration with appropriate authorities depending on the jurisdiction within the Philippines.

1. Parties: Identification of the Landlord and Tenant with complete legal names and addresses

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

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

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

5. Term of Lease: Duration of the lease, including start and end dates, and 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. Maintenance and Repairs: Obligations of both parties regarding property maintenance and repairs

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

11. Landlord's Obligations: Complete list of landlord's responsibilities and commitments

12. Tenant's Obligations: Complete list of tenant's responsibilities and commitments

13. Insurance: Required insurance coverage and responsibilities

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

15. Termination: Conditions and process 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. Execution: Signature blocks and execution requirements