The Basic Tenancy Agreement serves as a fundamental legal instrument in the Philippine real estate market, used to formalize rental arrangements between property owners and tenants. This document is essential for both residential and commercial property rentals, incorporating provisions required by Philippine law, including the Civil Code and the Rent Control Act of 2009. The agreement typically covers crucial aspects such as rental terms, payment schedules, security deposits, maintenance responsibilities, and termination procedures. It's designed to protect both landlord and tenant interests while ensuring compliance with local property laws and regulations. The Basic Tenancy Agreement is particularly important in the Philippine context where property rental transactions must adhere to specific legal requirements regarding rent control, documentation, and tenant rights.
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1. Parties: Identification and details of the Landlord and Tenant, including complete names, addresses, and contact information
2. Background: Brief context of the agreement and the intention of the parties to enter into a lease arrangement
3. Definitions: Key terms used throughout the agreement and their specific meanings
4. Property Details: Complete description and address of the rental property, including any included fixtures and fittings
5. Term of Lease: Duration of the tenancy, including start date and end date
6. Rent and Payment Terms: Rental amount, payment schedule, method of payment, and any applicable taxes
7. Security Deposit: Amount of security deposit, terms of holding, and conditions for return
8. Utilities and Bills: Responsibility for utility connections and payments
9. Maintenance and Repairs: Obligations of both parties regarding property maintenance and repairs
10. Use of Property: Permitted use of the property and any restrictions
11. Access and Inspection: Landlord's rights to access the property and inspection protocols
12. Tenant Obligations: Key responsibilities and obligations of the tenant
13. Landlord Obligations: Key responsibilities and obligations of the landlord
14. Termination: Conditions and process for terminating the agreement
15. Governing Law: Specification that the agreement is governed by Philippine law
16. Signatures: Execution clause and signature blocks for all parties
1. Subletting: Include when subletting is to be permitted or specifically prohibited
2. Pets: Include when there are specific policies regarding keeping pets in the property
3. Alterations and Improvements: Include when tenant is allowed to make changes to the property
4. Insurance Requirements: Include when specific insurance coverage is required from either party
5. Common Areas: Include for properties within apartment complexes or shared buildings
6. Parking: Include when parking spaces are included in the lease
7. Force Majeure: Include specific provisions for extraordinary events like natural disasters
8. Special Conditions: Include any property-specific rules or requirements
1. Schedule 1 - Inventory List: Detailed list of furniture, appliances, and fixtures included in the rental
2. Schedule 2 - Property Condition Report: Detailed description of the property condition at the start of tenancy
3. Schedule 3 - House Rules: If applicable, specific rules for the property or building
4. Schedule 4 - Utility Readings: Initial meter readings for utilities at the start of tenancy
5. Appendix A - Photos: Photographic evidence of property condition at the start of tenancy
6. Appendix B - Required Certificates: Copies of safety certificates, permits, or other required documentation
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Property Management
Residential Housing
Commercial Property
Retail
Hospitality
Professional Services
Corporate Housing
Relevant Teams
Legal
Real Estate
Property Management
Facilities
Operations
Compliance
Administrative
Asset Management
Tenant Relations
Corporate Services
Relevant Roles
Property Manager
Real Estate Agent
Leasing Manager
Property Administrator
Legal Counsel
Facilities Manager
Housing Coordinator
Asset Manager
Property Owner
Real Estate Broker
Tenant Relations Officer
Compliance Officer
Corporate Real Estate Manager
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