Document background
The House Rental Lease Agreement is a fundamental legal document used in the Philippine real estate market to formalize residential property rentals. This document is essential when any residential property is being leased, whether by individual landlords or property management companies. It must comply with Philippine legislation, particularly the Rent Control Act and relevant provisions of the Civil Code. The agreement typically includes comprehensive details about the property, rental terms, payment schedules, security deposits, maintenance responsibilities, and conditions of use. It serves to protect both landlord and tenant interests while ensuring legal compliance with local housing regulations. The document is particularly important in urban areas where residential rentals are common and requires careful consideration of both national and local government requirements.
