The Short Term Rental Agreement is essential for formalizing temporary rental arrangements in the Philippines, typically used for periods less than one year. This document type has become increasingly important with the growth of short-term rentals in urban areas and tourist destinations throughout the Philippines. It must comply with several key pieces of legislation, including the Rent Control Act of 2009 (RA 9653) and relevant provisions of the Civil Code of the Philippines. The agreement is designed to protect both landlord and tenant interests by clearly defining rental terms, payment obligations, property usage rules, and maintenance responsibilities. It includes provisions for security deposits, utility payments, and property access that align with local market practices and legal requirements. The document is particularly relevant for vacation rentals, temporary corporate housing, and short-term residential leases, incorporating necessary elements for legal enforcement under Philippine jurisdiction.
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1. Parties: Identification and details of the Lessor (landlord) and Lessee (tenant), including complete names, addresses, and contact information
2. Background: Brief context of the rental arrangement and confirmation of the Lessor's ownership/authority to rent the property
3. Definitions: Key terms used throughout the agreement defined for clarity
4. Property Description: Detailed description of the rental property, including exact address and specific unit identification
5. Term and Possession: Duration of the rental period, specifying start and end dates, and conditions for possession
6. Rent and Payment Terms: Rental amount, payment schedule, accepted payment methods, and late payment penalties
7. Security Deposit: Amount, terms of holding, and conditions for return of the security deposit
8. Utilities and Bills: Responsibility for utility payments and other recurring charges
9. Use of Property: Permitted use of the property and any restrictions
10. Maintenance and Repairs: Responsibilities of both parties regarding property maintenance and repairs
11. Access and Inspection: Landlord's rights to access the property and inspection terms
12. Termination: Conditions and process for early termination by either party
13. Governing Law: Specification that the agreement is governed by Philippine law
14. Signatures: Execution section with spaces for signatures, dates, and witnesses
1. Subletting: Include when subletting might be permitted under specific conditions
2. Pets: Include when pets are allowed or to explicitly prohibit them
3. Furniture and Appliances: Include for furnished properties, listing all items included
4. Property Management: Include when a property manager is involved in addition to the owner
5. Insurance Requirements: Include when specific insurance coverage is required from either party
6. House Rules: Include for properties within communities or buildings with specific regulations
7. Force Majeure: Include to address potential natural disasters or extraordinary circumstances
8. COVID-19 Provisions: Include specific provisions related to pandemic situations if relevant
1. Schedule A - Property Inventory: Detailed list of furniture, appliances, and fixtures included in the rental
2. Schedule B - Property Condition Report: Detailed description of the property condition at the start of the lease
3. Schedule C - House Rules: Specific rules and regulations for the property or building
4. Schedule D - Utility Agreements: Details of utility arrangements and account information
5. Appendix 1 - Property Photos: Photographic evidence of property condition at commencement
6. Appendix 2 - Required Permits: Copies of relevant permits and certificates
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Property Management
Residential Housing
Tourism and Hospitality
Corporate Housing
Student Housing
Vacation Rentals
Business Services
Legal Services
Property Investment
Relevant Teams
Legal
Real Estate
Property Management
Operations
Facilities
Compliance
Asset Management
Corporate Services
Administration
Risk Management
Relevant Roles
Property Manager
Real Estate Agent
Legal Counsel
Property Administrator
Leasing Manager
Real Estate Investment Manager
Facilities Manager
Corporate Housing Coordinator
Compliance Officer
Housing Operations Manager
Tenant Relations Officer
Asset Manager
Property Operations Director
Real Estate Portfolio Manager
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