The Short Lease Agreement is a fundamental legal document used in the Philippine real estate market for both residential and commercial property rentals. This document is particularly useful for straightforward leasing arrangements where parties seek a clear, concise agreement that still maintains full legal compliance with Philippine property laws. It incorporates requirements from the Civil Code of the Philippines and the Rent Control Act of 2020, making it suitable for various property types and rental terms. The agreement is designed to protect both lessor and lessee interests while avoiding unnecessary complexity, typically used for lease terms under one year or for simple rental arrangements where elaborate provisions are not required. The document includes essential elements such as property details, rental terms, payment schedules, and maintenance responsibilities, all structured to ensure enforceability under Philippine law.
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1. Parties: Identifies and provides full details of the Lessor and Lessee, including their legal names, addresses, and contact information
2. Background: Brief context about the property and the parties' intention to enter into a lease agreement
3. Definitions: Defines key terms used throughout the agreement to ensure clarity and prevent misinterpretation
4. Property Description: Detailed description of the leased property, including its exact location and boundaries
5. Term and Renewal: Specifies the duration of the lease and any renewal options
6. Rent and Payment Terms: Details the rent amount, payment schedule, and method of payment
7. Security Deposit: Specifies the amount, terms, and conditions for the security deposit
8. Utilities and Maintenance: Outlines responsibilities for utilities payment and property maintenance
9. Use of Property: Specifies permitted uses of the property and any restrictions
10. Termination: Details the conditions and process for early termination
11. Governing Law: Confirms the agreement is governed by Philippine law
12. Execution: Signature block and execution details
1. Subletting: Include when subletting might be permitted under specific conditions
2. Pets: Include when there are specific policies regarding keeping pets on the property
3. Alterations and Improvements: Include when the lessee may be permitted to make changes to the property
4. Insurance: Include when specific insurance requirements are imposed on either party
5. Common Areas: Include for properties within larger complexes or buildings with shared facilities
6. Parking: Include when parking spaces are part of the lease arrangement
7. Force Majeure: Include when parties want specific provisions for unforeseen circumstances
1. Schedule A - Property Details: Detailed description of the property including photos, floor plans, or technical specifications
2. Schedule B - Inventory List: List of furnishings and equipment included in the lease, if any
3. Schedule C - House Rules: Building or property rules and regulations, if applicable
4. Schedule D - Condition Report: Documentation of the property's condition at the start of the lease
5. Appendix 1 - Utility Reading Records: Initial utility meter readings at handover
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Retail
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Industrial
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Education
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Relevant Teams
Legal
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Operations
Administration
Facilities Management
Asset Management
Compliance
Property Management
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Relevant Roles
Property Manager
Real Estate Agent
Leasing Manager
Facilities Manager
Legal Counsel
Property Administrator
Asset Manager
Real Estate Director
Operations Manager
Compliance Officer
Business Owner
Administrative Officer
Real Estate Broker
Housing Coordinator
Property Developer
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