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Formal Tenancy Agreement Template for Philippines

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Key Requirements PROMPT example:

Formal Tenancy Agreement

"I need a Formal Tenancy Agreement for a furnished three-bedroom condominium unit in Makati City, Philippines, with a two-year lease term starting March 1, 2025, that includes provisions for possible commercial home-office use and pet ownership."

Document background
The Formal Tenancy Agreement is a crucial legal document used in the Philippines for establishing legally binding rental arrangements between property owners and tenants. This document is essential whenever a property is being leased, whether for residential or commercial purposes, and must comply with Philippine legislation including the Rent Control Act and Civil Code. The agreement typically includes comprehensive details about the property, rental terms, rights and obligations of both parties, and specific conditions of the tenancy. It serves as the primary reference document for the entire duration of the lease and should be properly notarized to ensure legal enforceability. The Formal Tenancy Agreement is particularly important in the Philippine context as it provides protection for both landlords and tenants while ensuring compliance with local property laws and regulations.
Suggested Sections

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 ownership

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

4. Property Details: Complete description and address of the rental property, including any exclusive and common areas

5. Term of Lease: Duration of the lease, commencement date, and end date

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 restrictions

11. Tenant's Obligations: General obligations and responsibilities of the tenant

12. Landlord's Obligations: General obligations and responsibilities of the landlord

13. Insurance: Required insurance coverage and responsibilities

14. Termination: Conditions and process for early termination by either party

15. Governing Law: Specification of Philippine law as governing law

16. Signing Page: Execution section with spaces for signatures, witnesses, and notarization

Optional Sections

1. Furniture and Fixtures: Detailed section for furnished properties, listing all items included in the lease

2. Pets: Section to be included if pets are allowed, specifying conditions and additional deposits

3. Subletting: To be included if subletting is permitted, outlining conditions and approval process

4. Property Management: Required if a property manager is involved, detailing their role and authority

5. Commercial Use: For mixed-use properties where some commercial activity might be permitted

6. Parking: Details of parking arrangements if specific parking spaces are included

7. Common Areas: For properties in complexes or buildings with shared facilities

8. Special Conditions: Any property-specific conditions or requirements

Suggested Schedules

1. Schedule 1 - Inventory List: Detailed inventory of furniture, appliances, and fixtures if property is furnished

2. Schedule 2 - Property Condition Report: Detailed report of property condition at the start of tenancy

3. Schedule 3 - House Rules: Building or complex rules and regulations if applicable

4. Schedule 4 - Utility Readings: Initial meter readings for utilities at handover

5. Schedule 5 - Maintenance Schedule: Schedule of regular maintenance activities and responsibilities

6. Appendix A - Photo Documentation: Photographs of property condition at commencement of lease

7. Appendix B - Required Permits: Copies of relevant permits and certificates

8. Appendix C - Building Plans: Floor plans and property layout drawings if available

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions








































Clauses




































Relevant Industries

Real Estate

Residential Property

Commercial Property

Property Management

Legal Services

Housing

Retail

Office Space

Industrial Property

Hospitality

Relevant Teams

Legal

Real Estate

Facilities Management

Operations

Property Management

Compliance

Administrative Services

Contract Management

Asset Management

Risk Management

Relevant Roles

Property Manager

Real Estate Agent

Legal Counsel

Leasing Manager

Facilities Manager

Real Estate Broker

Property Administrator

Lease Administrator

Contract Manager

Real Estate Director

Asset Manager

Building Manager

Operations Manager

Corporate Real Estate Manager

Compliance Officer

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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