The Partial Rent Payment Agreement is a crucial legal instrument used in the Philippines when circumstances necessitate a modification to existing rent payment terms. This document becomes essential during financial hardship, economic disruptions, or mutually agreed arrangements where full rent payment is temporarily unfeasible. It provides a structured framework for reduced payments while ensuring compliance with Philippine laws, including the Civil Code and Rent Control Act. The agreement typically includes specific payment schedules, duration of the arrangement, conditions for review or termination, and the relationship to the original lease agreement. It serves as a protective measure for both landlords and tenants, offering legal clarity while maintaining the fundamental landlord-tenant relationship under Philippine jurisdiction.
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1. Parties: Identification of the landlord/lessor and tenant/lessee with complete legal names and addresses
2. Background: Context of the agreement, including reference to the main lease agreement and circumstances leading to the partial payment arrangement
3. Definitions: Definitions of key terms used throughout the agreement
4. Original Rent Obligation: Details of the original rent amount, payment schedule, and terms under the main lease agreement
5. Partial Payment Terms: Specific details of the partial payment arrangement, including reduced amounts, payment schedule, and duration
6. Payment Method: Accepted methods of payment and payment processing details
7. Duration and Review: Period for which the partial payment arrangement will be in effect and conditions for review or modification
8. Effect on Main Lease: Statement clarifying that all other terms of the original lease remain in effect
9. Default and Remedies: Consequences of failing to meet the partial payment terms and available remedies
10. Governing Law: Specification that the agreement is governed by Philippine law
11. Execution: Signature blocks and execution requirements
1. Force Majeure: Section addressing circumstances beyond parties' control, particularly relevant if the partial payment is due to extraordinary circumstances
2. Rental Insurance: Requirements for insurance coverage during the partial payment period
3. Guarantor Provisions: Terms involving a guarantor who ensures the partial payments will be made
4. Payment Recovery Plan: Schedule for eventual recovery of any deferred amounts, if applicable
5. Maintenance and Repairs: Modified terms regarding maintenance responsibilities during the partial payment period
6. Confidentiality: Terms keeping the partial payment arrangement confidential
7. Government Aid Declaration: Disclosure of any government assistance or subsidies being received for rent payment
1. Schedule A - Payment Schedule: Detailed breakdown of partial payment amounts and due dates
2. Schedule B - Property Details: Description and details of the rented property
3. Schedule C - Original Lease Agreement: Copy of the original lease agreement being modified
4. Schedule D - Financial Hardship Evidence: Documentation supporting the need for partial payment arrangement
5. Appendix 1 - Payment History: Record of previous payments made under the original lease
6. Appendix 2 - Communication Records: Records of negotiations and agreements leading to the partial payment arrangement
Relevant legal definitions
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Real Estate
Property Management
Residential Housing
Commercial Property
Retail
Hospitality
Office Space
Industrial Property
Mixed-Use Development
Housing and Development
Relevant Teams
Legal
Property Management
Real Estate Operations
Facilities Management
Contract Administration
Compliance
Asset Management
Tenant Relations
Financial Operations
Risk Management
Relevant Roles
Property Manager
Real Estate Manager
Leasing Manager
Legal Counsel
Property Administrator
Asset Manager
Facilities Manager
Real Estate Agent
Compliance Officer
Contract Administrator
Housing Manager
Tenant Relations Manager
Real Estate Operations Director
Property Management Supervisor
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