Lease Agreement Philippines Pdf

1. PURPOSES: The premises leased here and there are exclusively uses by LESSEE for residential purposes and are not used for other purposes. It is expressly agreed herein that if the premises are used at any time for other purposes, THEORS has the right to withdraw from this contract, without prejudice to its other legal rights. For more and more people, the benefits of ownership are being replaced by the benefits of a lease. More flexibility, less financial risk and less responsibility for real estate make the prospect of renting a home or condo in relation to an open property particularly attractive. Leasing real estate also offers financial benefits to the lessor, as he or she can adjust the rent according to the market value of the property. It can be a stable source of income, while preserving all property rights. 7. PUBLIC UTILITIES: Lessee pays for the duration of the lease for telephone, electricity, cable television, water, Internet, association fees and other utilities and utilities.

10. LEASE EXPIRATION: At the expiry of the lease or termination, as stipulated here, LESSEE will immediately provide the LESSOR with the premises rented with all the appropriate keys and in a condition as good and durable as today, ordinary wear without all occupants, moving furniture, objects and effects of any kind. The non-compliance with the provisions of this clause by LESSEE gives LESSOR the right to refuse the acceptance of the premises after its election and to compel LESSEE to pay the rent at the same rate plus twenty-five (25) % including a penalty until the LESSEE has complied with the above conditions. The same penalty is imposed if the LESSEE does not leave the premises at the expiry of this lease or termination agreement for any reason. A residential rental agreement is used when a landlord wishes to rent or lease a property to a tenant for residential and possibly residential purposes. For example, this form would be used to rent an apartment or basement suite. 3. RENTAL RATE: The monthly rental price of rented premises is IN PESOS: AMOUNT IN WORDS (P 00,000.00), Philippine currency.

All rents must be paid to THEOR. These benefits to both parties have significantly increased the demand for housing and rental housing in recent years. In order to make the process as fast and simple as possible, we have provided here at Lamudi a downloadable rental contract that is ready to be used for the conclusion of the lease. NOW THEREFORE, for and taking into account the above premises, the LESSOR leased to LESSEE and LESSEE accepted by the LEASED premises, subject to the following premises: on the other hand, if the tenants decide to move for any reason, a termination letter that gives the landlord a month to find new residents is usually sufficient. In addition, the lease agreement should stipulate that the lease does not include property, property or transfer tax, since these financial charges are generally imposed on the lessor.

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