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Early Tenancy Termination for Philippines

Early Tenancy Termination Template for Philippines

This document is a legally binding agreement governed by Philippine law that facilitates the early termination of a lease agreement between a landlord and tenant. It complies with the Civil Code of the Philippines and the Rent Control Act, establishing the terms and conditions for ending a lease before its original expiration date. The agreement covers essential elements including termination date, financial settlements, property handover requirements, and mutual releases, while ensuring protection for both parties under Philippine tenancy laws.

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What is a Early Tenancy Termination?

This Early Tenancy Termination agreement is essential when parties to a lease in the Philippines mutually agree to end their rental arrangement before the originally planned expiration date. The document ensures compliance with Philippine legal requirements, including provisions from the Civil Code of the Philippines and the Rent Control Act of 2009. It should be used when both landlord and tenant have reached an agreement on early termination terms, incorporating critical elements such as termination date, financial settlements, security deposit handling, and property handover conditions. The agreement provides legal protection for all parties by clearly documenting the mutually agreed terms of the early termination and ensuring all statutory requirements are met under Philippine jurisdiction.

What sections should be included in a Early Tenancy Termination?

1. Parties: Identification of the Landlord/Lessor and Tenant/Lessee with complete legal names and addresses

2. Background: Brief context about the existing lease agreement, including its original term and date of execution

3. Definitions: Key terms used throughout the agreement including 'Termination Date', 'Original Lease', 'Premises', etc.

4. Early Termination Terms: Specific details about the termination including the agreed termination date and confirmation of mutual consent

5. Financial Settlement: Details of any final payments, rent adjustments, and security deposit handling

6. Handover Requirements: Specific conditions for returning the property, including cleaning and repair obligations

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

8. Governing Law: Confirmation that the agreement is governed by Philippine law and relevant jurisdictional details

9. Execution: Signature blocks and execution requirements

What sections are optional to include in a Early Tenancy Termination?

1. Holdover Period: Include when there's a need for a grace period between agreement signing and actual vacation of premises

2. Renovation Requirements: Include when specific restoration or renovation work is required before vacating

3. Outstanding Utilities: Include when there are specific provisions for handling unpaid utility bills

4. Forwarding Address: Include when requiring tenant to provide future contact details for deposit return or documentation

5. Third-Party Notifications: Include when termination requires notification to building management, utility companies, or other parties

6. Property Marketing: Include when agreement needs to address property viewing arrangements for new tenants

What schedules should be included in a Early Tenancy Termination?

1. Schedule A - Property Details: Detailed description of the property including address and any included fixtures/fittings

2. Schedule B - Existing Lease Summary: Key details from the original lease agreement including commencement date, original term, and rent

3. Schedule C - Settlement Calculation: Detailed breakdown of final financial settlement including rent, deposits, and any deductions

4. Schedule D - Property Condition Report: Current condition of the property and documentation of any damage or wear and tear

5. Appendix 1 - Handover Checklist: Detailed list of items to be checked during the final property inspection

6. Appendix 2 - Required Documentation: List of documents required from both parties to complete the termination process

Authors

Alex Denne

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

Jurisdiction

Philippines

Publisher

Ƶ

Cost

Free to use
Relevant legal definitions


























Clauses
























Relevant Industries

Real Estate

Residential Property

Commercial Property

Retail

Hospitality

Office Space

Industrial

Education

Healthcare

Professional Services

Relevant Teams

Legal

Real Estate

Property Management

Operations

Facilities

Compliance

Asset Management

Administration

Tenant Relations

Contract Administration

Relevant Roles

Property Manager

Real Estate Manager

Facilities Manager

Legal Counsel

Lease Administrator

Asset Manager

Property Administrator

Compliance Officer

Real Estate Agent

Building Manager

Operations Manager

Contract Manager

Tenant Relations Manager

Real Estate Director

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

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