The Furniture Addendum To Lease is an essential document in the Philippine real estate market, particularly in situations where property owners provide furnished accommodations to tenants. This addendum becomes necessary when any furniture or furnishings are included in a rental property, whether for residential or commercial purposes. It supplements the main lease agreement by specifically detailing the furniture items provided, their condition, maintenance requirements, and the parties' respective responsibilities. The document must comply with Philippine property laws, including the Civil Code of the Philippines and relevant local regulations. It's commonly used in corporate housing, serviced apartments, student accommodation, and other scenarios where furnished properties are leased. The addendum helps prevent disputes by clearly documenting the furniture's condition at the start of the lease and establishing expectations for its maintenance and return.
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1. Parties: Identifies the landlord and tenant, matching the names and details from the main lease agreement
2. Background: References the main lease agreement (including date and property address) and establishes this document as an addendum
3. Definitions: Defines key terms used in the addendum, including 'Furniture', 'Fair Wear and Tear', and 'Damage'
4. Furniture Items: Lists all furniture items covered by this addendum
5. Condition of Furniture: Documents the current condition of each furniture item at the time of lease commencement
6. Tenant Responsibilities: Outlines the tenant's obligations regarding the use, care, and maintenance of the furniture
7. Landlord Responsibilities: Details the landlord's obligations regarding furniture maintenance, repairs, and replacements
8. Damage and Repairs: Specifies procedures for reporting damage and determining responsibility for repairs
9. Insurance: States requirements for insurance coverage of furniture items
10. Return Condition: Specifies the condition in which furniture must be returned at lease termination
11. Governing Law: Confirms that the addendum is governed by Philippine law
1. Security Deposit for Furniture: Include when an additional security deposit is required specifically for the furniture
2. Replacement Procedures: Include when specific procedures for furniture replacement need to be detailed
3. Additional Rent: Include when there is a specific rental charge for the furniture separate from the main lease rent
4. Prohibition on Removal: Include when there are specific restrictions on moving furniture items from their designated locations
5. Sub-letting Provisions: Include when there are specific provisions about furniture in case of sub-letting
1. Schedule A - Furniture Inventory: Detailed inventory list of all furniture items, including descriptions, quantities, and brands
2. Schedule B - Condition Report: Detailed condition report with photographs of each furniture item at commencement
3. Schedule C - Maintenance Schedule: Schedule of required regular maintenance for applicable furniture items
4. Schedule D - Replacement Values: Current market values of furniture items for insurance and replacement purposes
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Property Management
Corporate Housing
Student Accommodation
Serviced Apartments
Short-term Rentals
Residential Leasing
Commercial Leasing
Corporate Relocation
Hospitality
Relevant Teams
Legal
Property Management
Operations
Facilities Management
Asset Management
Leasing
Corporate Housing
Tenant Relations
Real Estate
Contract Administration
Relevant Roles
Property Manager
Leasing Agent
Real Estate Manager
Facilities Manager
Legal Counsel
Corporate Housing Manager
Tenant Relations Manager
Asset Manager
Operations Manager
Lease Administrator
Property Administrator
Real Estate Coordinator
Housing Coordinator
Relocation Specialist
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