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Rental Lease Termination Template for Philippines

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Key Requirements PROMPT example:

Rental Lease Termination

"I need a Rental Lease Termination agreement for my residential property in Manila, where my tenant has agreed to end the lease early on March 15, 2025, and we want to document the security deposit return and final utility payment terms."

Document background
The Rental Lease Termination agreement is a crucial document used in the Philippines when parties wish to formally end their rental relationship before or at the conclusion of a lease term. This document, governed by Philippine rental laws including the Rent Control Act (RA 9653) and the Civil Code, provides a clear framework for terminating the lease while ensuring all parties' rights are protected. It should be used whenever a lease needs to be officially terminated, whether for residential or commercial properties, and includes essential provisions for security deposit returns, property inspection requirements, outstanding payments, and mutual releases. The agreement helps prevent future disputes by clearly documenting the termination terms and final obligations of both parties.
Suggested Sections

1. Parties: Identification of the Landlord and Tenant, including complete names, addresses, and contact information

2. Background: Brief recital of the original lease agreement details, including date of execution, property address, and current rental terms

3. Definitions: Definition of key terms used in the termination agreement

4. Termination Date: Specific date when the lease will be terminated and the tenant will vacate the property

5. Property Inspection: Terms for conducting the final property inspection and assessment of any damages

6. Security Deposit: Details regarding the return of the security deposit, including timing and any deductions

7. Outstanding Obligations: Statement of any remaining rent, utilities, or other payments due from either party

8. Mutual Release: Mutual release of future claims and obligations related to the lease

9. Keys and Access Devices: Requirements for returning all keys, access cards, and other property access devices

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

11. Execution: Signature blocks for all parties and witnesses

Optional Sections

1. Early Termination Fee: Include when the lease is being terminated before its natural end date and fees apply

2. Forwarding Address: Include when the tenant needs to provide a forwarding address for future correspondence or deposit return

3. Abandoned Property: Include when there needs to be provisions for handling any property left behind by the tenant

4. Repairs and Restoration: Include when specific repairs or restoration work must be completed before termination

5. Utilities Transfer: Include when there are specific requirements for transferring or disconnecting utilities

6. Reference Provision: Include when the parties agree to terms regarding future rental references

7. Insurance: Include when there are specific requirements regarding the termination of rental insurance

Suggested Schedules

1. Schedule A - Property Condition Report: Detailed documentation of the property's condition at the time of termination

2. Schedule B - Security Deposit Calculation: Itemized list of any deductions from the security deposit

3. Schedule C - Outstanding Payments: Detailed list of any outstanding payments or credits

4. Schedule D - Inventory of Returned Items: List of all keys, access devices, and other items returned by the tenant

5. Appendix 1 - Original Lease Agreement: Copy of the original lease agreement being terminated

6. Appendix 2 - Photographic Evidence: Photographs documenting the property's condition at termination

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

Relevant legal definitions



























Clauses


























Relevant Industries

Real Estate

Residential Property

Commercial Property

Retail

Office Space

Industrial

Hospitality

Education

Healthcare

Manufacturing

Relevant Teams

Legal

Real Estate

Facilities Management

Operations

Property Management

Asset Management

Compliance

Administrative

Finance

Risk Management

Relevant Roles

Property Manager

Real Estate Manager

Facilities Manager

Legal Counsel

Corporate Counsel

Leasing Manager

Property Administrator

Real Estate Agent

Housing Officer

Tenant Relations Manager

Asset Manager

Operations Manager

Commercial Property Manager

Compliance Officer

Real Estate Director

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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