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The Condo Rental Agreement serves as a legally binding document between property owners and tenants in the Philippines, specifically designed for condominium unit rentals. It incorporates requirements from key Philippine legislation including the Rent Control Act (RA 9653), Condominium Act (RA 4726), and relevant Civil Code provisions. This agreement is essential for protecting both parties' interests in residential condominium leases, ensuring compliance with local property laws, and establishing clear terms for the rental relationship. The document typically covers rent payments, security deposits, maintenance obligations, and compliance with condominium corporation rules, while also addressing specific requirements of Philippine property law and local housing regulations.

1. Parties: Identification of the Lessor (landlord) and Lessee (tenant) with complete details including legal names, addresses, and contact information

2. Background: Brief context about the property and purpose of the agreement

3. Definitions: Definitions of key terms used throughout the agreement including 'Property', 'Common Areas', 'Association Dues', etc.

4. Property Details: Specific description of the condominium unit, including unit number, floor, building name, and complete address

5. Term and Renewal: Duration of the lease, commencement date, termination date, and renewal terms

6. Rent and Payment Terms: Monthly rent amount, due date, payment method, and late payment penalties

7. Security Deposit and Advance Rent: Amount of security deposit and advance rent, terms for their handling and return

8. Utilities and Association Dues: Responsibility for utility payments and condominium association dues

9. Use of Property: Permitted use of the property, occupancy limits, and restrictions

10. Maintenance and Repairs: Responsibilities for maintaining the unit and handling repairs

11. House Rules: Compliance with condominium corporation rules and regulations

12. Insurance: Requirements for insurance coverage

13. Default and Remedies: Events of default and available remedies for both parties

14. Termination: Grounds and procedures for early termination

15. Governing Law: Specification of Philippine law as governing law and jurisdiction

16. Signatures: Execution block for all parties and witnesses