Sample Lease Agreement Philippines

7. Fire hazards and abominable substances. – the LESSEE may not import, store, store or store, without the prior written consent of THEOR, flammable substances or substances that are not appropriately related to the purpose of the lease which could present a fire risk. The LESSEE must also not install appliances, machinery or equipment in rental properties that may cause shocks or abominable noises, or store newspapers, cardboard, wood or other light objects that may expose rented properties to fire or increase the risk of fire on leased property or altering their insurance rate. A rental agreement identifies basic information about the rental agreement, for example. B property for rent, lease term, deposit and monthly rents. It outlines the obligations of the landlord and tenant during the duration of the tenancy. CONSIDERING that LESSOR owns THE LEASED PREMISES, a residential property located in the rental property; 1) that the term of this lease begins from the signing of the contract for a period of – (years/month) (years/month) (years/month) from the signing of this contract and may then be extended by mutual agreement between the parties; CONSIDERING that LESSOR declares itself ready to lease the property to LESSEE and that the LESSEE are ready to rent the same property; This form is also known as: rental contract, rental agreement, rental contract, lease, form of lease, lease, lease, lease, lease, lease, lease, lease, lease, lease 2.2. Lessee allows LESsOR`s percentage participation in sublease contracts, if any, when it expires. The owner wishes to lease the property mentioned above for the benefit of the LESSEE, and the LESSEE accepts the lease under the conditions set out in it. 3. RENTAL RATE: The monthly rental price of rented premises is IN PESOS: AMOUNT IN WORDS (P 00,000.00), Philippine currency. All rents must be paid to THEOR.

The tenant cannot be legally evacuated if the property has been sold to third parties. The terms of the lease will be maintained. 1. Term. – Unless this has been terminated earlier for reasons mentioned above, the duration of this lease is `years` to start at – and start at 12 o`clock on – renewed on the mutual agreement of the parties. (4) THE payment by LESSOR of property taxes on leased land corresponding to the aforementioned land, while LESSEE must pay the property taxes collected on the building and other improvements made by the building; 2. TERM: This rental period is valid for ONE (1) YEAR. (date) included. At the expiry of this lease, this lease may be renewed under terms agreed by both parties, the written letter of intent to renew the lease is served on LESSOR no later than seven (7) days before the expiry of the deadline set here. 1. PURPOSES: The premises leased here and there are exclusively uses by LESSEE for residential purposes and are not used for other purposes.

It is expressly agreed herein that if the premises are used at any time for other purposes, THEORS has the right to withdraw from this contract, without prejudice to its other legal rights. 1. Insurance. – LESSEE has insurance coverage for properties rented against all risks insured by a duly accredited and serious insurance company in terms of the maximum insurable value of rented properties. LESSOR is the beneficiary of the required insurance. In the event of a total loss or deterioration of the leased properties and/or improvements made to them, the LESSOR has the possibility, during the duration of the lease, to rebuild or restore lost or damaged rental properties and/or improvements made to them in their original condition, or to automatically terminate this lease.