��������Ƶ

The Simple Home Rental Agreement is a fundamental legal document used in the Philippines for establishing residential tenancy relationships. This document is essential for both individual landlords and property management companies when leasing residential properties to tenants. It ensures compliance with Philippine legislation, including the Civil Code of the Philippines, the Rent Control Act, and relevant local government regulations. The agreement is designed to protect both parties' interests while providing clear terms for the rental arrangement, including payment schedules, maintenance responsibilities, and conditions for lease termination. It's particularly suitable for standard residential rentals and can be customized to accommodate specific requirements while maintaining legal compliance with Philippine property laws.

1. Parties: Identification and complete details of the Lessor (landlord) and Lessee (tenant), including their full names, addresses, and contact information

2. Background: Brief context of the rental arrangement and property transaction

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

4. Property Details: Complete description of the rental property, including exact address and property specifications

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

6. Rent and Payment Terms: Monthly rent amount, payment schedule, accepted payment methods, and late payment penalties

7. Security Deposit: Amount of security deposit, terms for its maintenance and return

8. Utilities and Bills: Responsibility for utility payments and other regular expenses

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

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

11. Rights and Obligations: General rights and obligations of both landlord and tenant

12. Termination: Conditions and process for early termination of the lease

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

14. Signatures: Space for signatures of all parties and witnesses