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Rental Agreement Advance Payment

Rental Agreement Advance Payment Template for Philippines

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Rental Agreement Advance Payment

"I need a Rental Agreement Advance Payment for a residential condo unit in Makati City, Philippines, with a 3-month advance payment and 2-month security deposit, starting March 1, 2025, with special provisions for pet ownership and parking space allocation."

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The Rental Agreement Advance Payment is a specialized legal document designed for use in the Philippine real estate market, addressing the common practice of advance rental payments in both residential and commercial leasing. This document type is particularly relevant in situations where landlords require substantial advance payments, which is a frequent occurrence in the Philippine rental market. The agreement ensures compliance with local property laws, including the Civil Code of the Philippines and the Rent Control Act, while providing clear terms for advance payment arrangements, security deposits, and regular rental payments. It is specifically structured to protect both parties' interests by clearly defining payment terms, property usage rights, maintenance responsibilities, and termination conditions. The document is essential for formalizing lease arrangements where advance payments are required, helping prevent disputes and ensuring legal enforceability under Philippine jurisdiction.
Suggested Sections

1. Parties: Identification and details of the Lessor and Lessee, including complete names, addresses, and contact information

2. Background: Context of the rental agreement and brief description of the property

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

4. Property Description: Detailed description of the rental property, including address and specific inclusions

5. Term of Lease: Duration of the lease, including start and end dates

6. Advance Payment Terms: Details of the advance payment amount, payment schedule, and how it will be applied to the rent

7. Regular Rental Payment Terms: Monthly rent amount, due dates, and payment methods

8. Security Deposit: Amount, terms, and conditions for the security deposit

9. Utilities and Other Charges: Responsibility for utility payments and other associated costs

10. Use of Property: Permitted uses of the property and any restrictions

11. Maintenance and Repairs: Responsibilities of both parties regarding property maintenance and repairs

12. Rights and Obligations: General rights and obligations of both Lessor and Lessee

13. Termination: Conditions and procedures for early termination of the lease

14. Governing Law: Specification that the agreement is governed by Philippine law

15. Signing and Execution: Formal execution clause and signature blocks

Optional Sections

1. Subletting: Include when subletting may be permitted under specific conditions

2. Pet Policy: Include when pets are allowed or specifically prohibited

3. Parking: Include when parking spaces are part of the rental agreement

4. Common Areas: Include for properties with shared facilities or common areas

5. Insurance Requirements: Include when specific insurance coverage is required from either party

6. Renovation and Alterations: Include when allowing or restricting property modifications

7. Force Majeure: Include when parties want specific provisions for unforeseen circumstances

8. Property Management: Include when a property manager is involved

9. Guest Policy: Include when there are specific rules about guests and overnight stays

Suggested Schedules

1. Schedule A - Property Inventory: Detailed list of furniture, appliances, and fixtures included in the rental

2. Schedule B - Property Condition Report: Detailed assessment of the property's condition at the start of lease

3. Schedule C - House Rules: Specific rules and regulations for the property

4. Schedule D - Payment Schedule: Detailed breakdown of advance payment allocation and future payments

5. Schedule E - Utility Readings: Initial meter readings for utilities at the start of lease

6. Appendix 1 - Property Photos: Photographic documentation of the property's condition

7. Appendix 2 - Building Policies: If applicable, policies set by building management or homeowners association

Authors

Alex Denne

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

alex.den.21@genieai.co
Relevant legal definitions


































Clauses






























Relevant Industries

Real Estate

Residential Property

Commercial Property

Retail

Hospitality

Office Space

Industrial

Education

Healthcare

Warehousing

Relevant Teams

Legal

Real Estate

Property Management

Facilities Management

Compliance

Operations

Asset Management

Contract Administration

Tenant Relations

Risk Management

Relevant Roles

Property Manager

Real Estate Agent

Legal Counsel

Leasing Manager

Facilities Manager

Real Estate Broker

Property Administrator

Compliance Officer

Contract Administrator

Asset Manager

Building Manager

Tenant Relations Manager

Real Estate Operations Manager

Housing Administrator

Legal Administrator

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, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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