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Fixed Term Tenancy Agreement Template for Philippines

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Key Requirements PROMPT example:

Fixed Term Tenancy Agreement

"I need a Fixed Term Tenancy Agreement for a furnished three-bedroom condominium unit in Makati City, Philippines, starting January 1, 2025, with specific provisions for expatriate tenants and building amenities access."

Document background
The Fixed Term Tenancy Agreement is a crucial legal document used in the Philippine real estate market to establish a defined-period rental arrangement between property owners and tenants. It is designed to comply with Philippine property law, particularly the Rent Control Act of 2009 and relevant provisions of the Civil Code of the Philippines. This document is essential when parties wish to create a tenancy for a specific duration, typically ranging from six months to several years, with clearly defined start and end dates. It includes comprehensive details about the property, rental terms, payment schedules, maintenance responsibilities, and the rights and obligations of both parties. The agreement is commonly used for both residential and commercial properties, providing legal protection and clarity for all parties involved while ensuring compliance with local housing regulations and tenant protection measures.
Suggested Sections

1. Parties: Identifies and provides full details of the Landlord and Tenant, including their complete names, addresses, and contact information

2. Background: Brief context of the agreement and confirmation that the Landlord owns or has the right to lease the Property

3. Definitions: Defines key terms used throughout the agreement including 'Property', 'Term', 'Rent', 'Security Deposit', and other relevant terms

4. Property Details: Comprehensive description of the leased property, including exact address and boundaries as required by Philippine law

5. Term: Specifies the fixed duration of the lease, start date, and end date

6. Rent and Payment Terms: Details the rent amount, payment schedule, method of payment, and provisions regarding rent increases in compliance with the Rent Control Act

7. Security Deposit and Advance Rent: Specifies the amount, purpose, and terms for return of the security deposit and any advance rent as per Philippine regulations

8. Utilities and Bills: Establishes responsibility for utility connections and payments

9. Use of Property: Specifies permitted use of the property and any restrictions

10. Maintenance and Repairs: Outlines responsibilities of both parties for maintaining the property and handling repairs

11. Landlord's Obligations: Lists all obligations of the Landlord under Philippine law and the agreement

12. Tenant's Obligations: Lists all obligations of the Tenant under Philippine law and the agreement

13. Insurance: Specifies required insurance coverage and responsibilities

14. Termination: Details circumstances and procedures for early termination by either party

15. Return of Property: Specifies conditions for property return and inspection procedures

16. Governing Law: Confirms the agreement is governed by Philippine law and specifies jurisdiction

17. Notices: Details how formal notices should be given between parties

18. Entire Agreement: Standard clause confirming this document represents the complete agreement between parties

Optional Sections

1. Subletting: Include when subletting may be permitted under specific conditions

2. Pets: Include when pets are allowed or to explicitly prohibit them

3. Alterations and Improvements: Include when tenant may be permitted to make changes to the property

4. Common Areas: Include for properties within complexes or buildings with shared facilities

5. Parking: Include when parking spaces are included in the lease

6. Building Rules: Include for properties within managed buildings or compounds

7. Force Majeure: Include specific provisions for natural disasters or extraordinary circumstances

8. Guest Policy: Include when there are specific restrictions on overnight guests or visiting hours

9. Anti-Money Laundering Compliance: Include for high-value rentals requiring AMLA compliance

Suggested Schedules

1. Schedule 1 - Property Inventory: Detailed list of furniture, fixtures, and equipment included in the lease

2. Schedule 2 - Property Condition Report: Detailed description of property condition at start of tenancy

3. Schedule 3 - House Rules: Specific rules and regulations for the property or building

4. Schedule 4 - Utility Reading Records: Initial utility meter readings at handover

5. Schedule 5 - Maintenance Schedule: Regular maintenance schedule if applicable

6. Appendix A - Photos: Photographic evidence of property condition at start of tenancy

7. Appendix B - Floor Plan: Detailed floor plan of the property

8. Appendix C - Required Certificates: Copies of relevant safety certificates or permits

Authors

Alex Denne

Head of Growth (Open Source Law) @ 黑料视频 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions






































Clauses































Relevant Industries

Real Estate

Residential Property

Commercial Property

Property Management

Housing

Corporate Real Estate

Student Housing

Retail

Office Space

Hospitality

Industrial

Relevant Teams

Legal

Real Estate

Facilities Management

Property Management

Operations

Compliance

Asset Management

Tenant Relations

Contract Administration

Risk Management

Housing Administration

Relevant Roles

Property Manager

Real Estate Agent

Leasing Manager

Facilities Manager

Legal Counsel

Housing Administrator

Building Manager

Asset Manager

Property Administrator

Tenant Relations Officer

Real Estate Operations Manager

Compliance Officer

Contract Administrator

Real Estate Portfolio Manager

Property Development Manager

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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