The Residence Agreement serves as a legally binding contract between property owners and tenants in the Philippines, establishing the framework for residential property rentals. This document is essential when letting out any residential property, whether it's an apartment, house, or condominium unit. The agreement must comply with Philippine property laws, including the Civil Code of the Philippines and the Rent Control Act, while clearly defining the rights and obligations of all parties involved. It covers crucial aspects such as rental terms, security deposits, maintenance responsibilities, and termination conditions, providing legal protection for both landlords and tenants. The Residence Agreement should be carefully drafted to ensure all local legal requirements are met while remaining clear and comprehensive for all parties involved.
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1. Parties: Identification of the landlord/lessor and tenant/lessee with complete details
2. Background: Context of the agreement and brief description of the property
3. Definitions: Key terms used throughout the agreement
4. Property Details: Comprehensive description of the property including address and specific unit details
5. Term of Agreement: Duration of the lease, start and end dates, and renewal provisions
6. Rent and Payment Terms: Monthly rent amount, payment schedule, and method of payment
7. Security Deposit: Amount, terms of holding, and conditions for return
8. Utilities and Bills: Responsibility for utility payments and connection charges
9. Maintenance and Repairs: Responsibilities of both parties regarding property maintenance
10. Use of Property: Permitted use of the property and occupancy restrictions
11. Rules and Regulations: House rules and compliance with building/community regulations
12. Insurance: Required insurance coverage and responsibilities
13. Default and Remedies: Consequences of breach and available remedies
14. Termination: Grounds and process for termination of the agreement
15. Governing Law: Specification of Philippine law as governing law and jurisdiction
1. Furniture and Fixtures: Detailed section for furnished properties listing all items provided
2. Pets: Section needed if pets are allowed, specifying conditions and additional deposits
3. Parking: Include if parking space is provided with the property
4. Swimming Pool/Amenities: Rules and conditions for use of additional facilities
5. Subletting: Terms for subletting if permitted
6. Property Manager: Include if a property manager is appointed to act on behalf of the landlord
7. Special Conditions for Foreigners: Additional requirements if tenant is a foreign national
8. Force Majeure: Provisions for extraordinary circumstances affecting the agreement
1. Schedule A - Property Inventory: Detailed list of furniture, appliances, and fixtures if furnished
2. Schedule B - Property Condition Report: Detailed assessment of property condition at start of tenancy
3. Schedule C - House Rules: Comprehensive list of building or community rules and regulations
4. Schedule D - Utility Details: Account numbers and contact information for utility providers
5. Schedule E - Maintenance Schedule: Regular maintenance schedule and responsibilities
6. Appendix 1 - Photo Documentation: Photographs of property condition at commencement
7. Appendix 2 - Required Permits: Copies of relevant permits and certificates
8. Appendix 3 - Floor Plan: Detailed floor plan of the property
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Property Management
Residential Housing
Property Development
Property Investment
Rental Services
Property Leasing
Accommodation Services
Relevant Teams
Legal
Property Management
Facilities Management
Real Estate Operations
Residential Leasing
Asset Management
Tenant Relations
Compliance
Contract Administration
Property Operations
Relevant Roles
Property Manager
Real Estate Agent
Leasing Manager
Property Administrator
Facilities Manager
Legal Counsel
Housing Coordinator
Tenant Relations Manager
Asset Manager
Real Estate Broker
Residential Leasing Officer
Property Operations Manager
Housing Officer
Compliance Officer
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