The Fixed Term Tenancy Agreement is a crucial legal document used in the Philippine real estate market to establish a defined-period rental arrangement between property owners and tenants. It is designed to comply with Philippine property law, particularly the Rent Control Act of 2009 and relevant provisions of the Civil Code of the Philippines. This document is essential when parties wish to create a tenancy for a specific duration, typically ranging from six months to several years, with clearly defined start and end dates. It includes comprehensive details about the property, rental terms, payment schedules, maintenance responsibilities, and the rights and obligations of both parties. The agreement is commonly used for both residential and commercial properties, providing legal protection and clarity for all parties involved while ensuring compliance with local housing regulations and tenant protection measures.
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1. Parties: Identifies and provides full details of the Landlord and Tenant, including their complete names, addresses, and contact information
2. Background: Brief context of the agreement and confirmation that the Landlord owns or has the right to lease the Property
3. Definitions: Defines key terms used throughout the agreement including 'Property', 'Term', 'Rent', 'Security Deposit', and other relevant terms
4. Property Details: Comprehensive description of the leased property, including exact address and boundaries as required by Philippine law
5. Term: Specifies the fixed duration of the lease, start date, and end date
6. Rent and Payment Terms: Details the rent amount, payment schedule, method of payment, and provisions regarding rent increases in compliance with the Rent Control Act
7. Security Deposit and Advance Rent: Specifies the amount, purpose, and terms for return of the security deposit and any advance rent as per Philippine regulations
8. Utilities and Bills: Establishes responsibility for utility connections and payments
9. Use of Property: Specifies permitted use of the property and any restrictions
10. Maintenance and Repairs: Outlines responsibilities of both parties for maintaining the property and handling repairs
11. Landlord's Obligations: Lists all obligations of the Landlord under Philippine law and the agreement
12. Tenant's Obligations: Lists all obligations of the Tenant under Philippine law and the agreement
13. Insurance: Specifies required insurance coverage and responsibilities
14. Termination: Details circumstances and procedures for early termination by either party
15. Return of Property: Specifies conditions for property return and inspection procedures
16. Governing Law: Confirms the agreement is governed by Philippine law and specifies jurisdiction
17. Notices: Details how formal notices should be given between parties
18. Entire Agreement: Standard clause confirming this document represents the complete agreement between parties
1. Subletting: Include when subletting may be permitted under specific conditions
2. Pets: Include when pets are allowed or to explicitly prohibit them
3. Alterations and Improvements: Include when tenant may be permitted to make changes to the property
4. Common Areas: Include for properties within complexes or buildings with shared facilities
5. Parking: Include when parking spaces are included in the lease
6. Building Rules: Include for properties within managed buildings or compounds
7. Force Majeure: Include specific provisions for natural disasters or extraordinary circumstances
8. Guest Policy: Include when there are specific restrictions on overnight guests or visiting hours
9. Anti-Money Laundering Compliance: Include for high-value rentals requiring AMLA compliance
1. Schedule 1 - Property Inventory: Detailed list of furniture, fixtures, and equipment included in the lease
2. Schedule 2 - Property Condition Report: Detailed description of property condition at start of tenancy
3. Schedule 3 - House Rules: Specific rules and regulations for the property or building
4. Schedule 4 - Utility Reading Records: Initial utility meter readings at handover
5. Schedule 5 - Maintenance Schedule: Regular maintenance schedule if applicable
6. Appendix A - Photos: Photographic evidence of property condition at start of tenancy
7. Appendix B - Floor Plan: Detailed floor plan of the property
8. Appendix C - Required Certificates: Copies of relevant safety certificates or permits
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Residential Property
Commercial Property
Property Management
Housing
Corporate Real Estate
Student Housing
Retail
Office Space
Hospitality
Industrial
Relevant Teams
Legal
Real Estate
Facilities Management
Property Management
Operations
Compliance
Asset Management
Tenant Relations
Contract Administration
Risk Management
Housing Administration
Relevant Roles
Property Manager
Real Estate Agent
Leasing Manager
Facilities Manager
Legal Counsel
Housing Administrator
Building Manager
Asset Manager
Property Administrator
Tenant Relations Officer
Real Estate Operations Manager
Compliance Officer
Contract Administrator
Real Estate Portfolio Manager
Property Development Manager
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