Document background
The Month To Month Lease Amendment is essential when parties wish to transition from a fixed-term lease to a more flexible arrangement in the Philippines. This document is typically used when the original lease is expiring but both parties want to continue the rental arrangement with greater flexibility, or when circumstances require a more adaptable leasing structure. It must comply with Philippine rental laws, including the Civil Code of the Philippines and the Rent Control Act, particularly regarding notice periods and rent increases. The amendment maintains most terms of the original lease while modifying the duration and termination provisions. This document is crucial for both residential and commercial properties, providing a balanced approach to protect both landlord and tenant interests while ensuring legal compliance with Philippine property regulations.
