Tenant Placement Agreement Template for Philippines

This Tenant Placement Agreement is designed for use in the Philippine real estate market where property owners seek professional assistance in finding and screening suitable tenants. The document is structured to comply with Philippine property laws, including the Real Estate Service Act of 2009 and the Rent Control Act, while addressing the practical needs of the local rental market. It is particularly useful when property owners want to delegate the tenant search process to qualified professionals, ensuring proper vetting of potential tenants and compliance with local regulations. The agreement covers essential aspects such as service scope, fees, responsibilities, and performance standards, while incorporating protections for both parties. It's commonly used by individual property owners, real estate agencies, and property management companies operating in the Philippines.

1. Parties: Identifies the property owner and the placement agent, including their complete legal names, addresses, and contact information

2. Background: Brief context about the property owner's need for tenant placement services and the agent's qualifications

3. Definitions: Defines key terms used throughout the agreement, including 'Property', 'Tenant', 'Placement Fee', and 'Successful Placement'

4. Appointment and Scope of Services: Details the appointment of the agent and specific services to be provided, including tenant screening, property showing, and documentation

5. Agent's Obligations: Lists the agent's responsibilities, including marketing the property, screening tenants, and facilitating lease signing

6. Property Owner's Obligations: Outlines the owner's responsibilities, including providing accurate property information and maintaining the property in rentable condition

7. Fees and Payment Terms: Specifies the placement fee structure, payment timing, and any additional charges

8. Term and Termination: States the duration of the agreement and conditions for termination

9. Representations and Warranties: Contains statements of fact and promises made by both parties

10. Liability and Indemnification: Addresses risk allocation between parties and insurance requirements

11. General Provisions: Includes standard clauses such as notices, amendments, governing law, and dispute resolution