Rental Agreement Contract Of Lease Sample Philippines

A housing lease agreement is a legally binding contract between the two parties. It contains the following information: A rental agreement is a contract for one person (the “tenant”), the property of another (the “lessor”) to rent for residential purposes for a certain period of time. 4. DEPOSIT: That the LESSEE, at the time of the signature of this contract and before the withdrawal, pay an amount equivalent to the rent of THREE (3) MONTHS or the sum of PESOS: AMOUNT IN WORDS (P 00,000.00), currency of the Philippines. the two-month deposit is considered rent for the 11th and 12th months, and the balance of one (1) month`s deposit is partly liable for damages and other commitments for utilities such as water, electricity, CATV, telephone, association fees or because of a violation of the provision of this contract. 3. That by signing this contract, LESSEE undertakes to pay the advanced rents for 2. TERM: This rental period is valid for ONE (1) YEAR. (date) included. At the expiry of this lease, this lease may be renewed under terms agreed by both parties, the written letter of intent to renew the lease is served on LESSOR no later than seven (7) days before the expiry of the deadline set here. 2. That the monthly rents on the rental properties mentioned above _______P____________die then _______P____________ The rents are paid monthly by LESSEE to the LESSOR payable on the day of the month or before the _______th day of the month; 8. FORCE MAJEURE: If all or part of the rented premises are destroyed or damaged by fire, flooding, lightning, typhoon, earthquakes, storms, riots or any other unforeseen disturbance of God`s actions, in order to render the rented premises significantly unfit for use and occupation of the LESSEE for the duration of the life, this lease can be terminated in writing by THE LESSOR or by LESSEE without compensation.

9. LESSOR`S RIGHT OF ENTRY: The LESSOR or its authorized representative has the right to enter the premises in the presence of the LESSEE or its representative at any appropriate time, in the presence of the LESSEE or its representative, in order to examine or repair them, to operate and maintain the building or to expose the premises rented to DESSEE or other legitimate purposes. The parties choose the above addresses as their physical addresses for the purpose of providing a notification, payment of any amount and legal action in connection with this property lease. Each party can change the information about its physical addresses at any time, by written notification to the other party. This amendment will come into effect on the 7th day after the other party receives the notification. Any notification that the landlord must send to the tenant is considered valid if it is sent by prepaid recommended letter to the tenant in the property or left by the landlord or his representative at that address, which is considered to be 5 days after the publication by recommended letter or on the day of sending the notification by telephone. NOW, THEREFORE, taking into account the terms agreed by the parties, LESSOR heresafter leases to LESSEE, its heirs, successors and beneficiaries, the land described above, which is subject to the following conditions for knowledge: 1. PURPOSES: That premises leased for this purpose are exclusively used by LESSEE for residential purposes and cannot be used for other purposes.

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