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Memorandum Of Understanding Between Landlord And Tenant

Memorandum Of Understanding Between Landlord And Tenant Template for Philippines

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Key Requirements PROMPT example:

Memorandum Of Understanding Between Landlord And Tenant

"I need a Memorandum of Understanding Between Landlord and Tenant for a 2-bedroom residential property in Manila, where the tenant plans to move in from March 1, 2025, and requires permission to keep two small pets."

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Document background
The Memorandum Of Understanding Between Landlord And Tenant is a crucial preliminary document used in the Philippine real estate sector to establish the fundamental terms of a rental arrangement before proceeding with a formal lease agreement. This document is particularly useful when parties need to document their initial understanding while finalizing details or waiting for conditions to be met, such as property modifications or regulatory approvals. It typically includes essential elements like property details, rental terms, security deposits, and maintenance responsibilities, all while adhering to Philippine property laws including the Rent Control Act of 2009 and relevant provisions of the Civil Code. While not as comprehensive as a full lease agreement, it serves as a valuable tool for preventing misunderstandings and providing a clear foundation for the subsequent formal lease.
Suggested Sections

1. Parties: Identification and details of the landlord and tenant, including complete names, addresses, and contact information

2. Background: Context of the agreement, including brief description of the property and the parties' intention to enter into a landlord-tenant relationship

3. Definitions: Key terms used throughout the MOU defined for clarity and legal certainty

4. Property Details: Comprehensive description of the rental property, including address, boundaries, and included fixtures/fittings

5. Term and Commencement: Duration of the MOU and start date of the tenancy

6. Rental Amount and Payment Terms: Specified rent amount, payment schedule, and accepted payment methods

7. Security Deposit: Amount, terms of holding, and conditions for return of the security deposit

8. Utilities and Bills: Responsibility for utility connections and payments

9. Maintenance and Repairs: Obligations of both parties regarding property maintenance and repair procedures

10. Use of Property: Permitted use of the property and any restrictions

11. Access Rights: Conditions under which the landlord may access the property

12. Termination: Conditions and procedures for ending the agreement by either party

13. Governing Law: Specification that the MOU is governed by Philippine law

Optional Sections

1. Subletting: Include when subletting might 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 make changes to the property under certain conditions

4. Insurance Requirements: Include when specific insurance coverage is required from either party

5. Common Areas: Include for properties with shared facilities or spaces

6. Parking: Include when parking spaces are part of the rental agreement

7. Force Majeure: Include to address unforeseen circumstances like natural disasters or pandemics

8. Guest Policy: Include when there are specific rules about overnight guests or visiting hours

Suggested Schedules

1. Schedule A - Property Inventory: Detailed list of furniture, appliances, and fixtures included in the rental

2. Schedule B - Property Condition Report: Documented condition of the property at the start of tenancy

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

4. Schedule D - Utility Reading Records: Initial meter readings for utilities at the start of tenancy

5. Appendix 1 - Payment Schedule: Detailed breakdown of rent payments, deposits, and other fees

6. Appendix 2 - Maintenance Schedule: Regular maintenance tasks and their frequency

7. Appendix 3 - Photo Documentation: Photographs of the property condition at the start of tenancy

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

alex.den.21@genieai.co
Relevant legal definitions






























Clauses






























Relevant Industries

Real Estate

Property Management

Residential Housing

Commercial Property

Corporate Real Estate

Retail

Hospitality

Office Space

Industrial Property

Mixed-Use Development

Relevant Teams

Legal

Property Management

Real Estate

Facilities

Operations

Compliance

Contract Administration

Asset Management

Tenant Relations

Administrative Support

Relevant Roles

Property Manager

Real Estate Agent

Leasing Manager

Facilities Manager

Legal Counsel

Property Administrator

Asset Manager

Compliance Officer

Real Estate Broker

Housing Coordinator

Tenant Relations Manager

Property Operations Manager

Contract Administrator

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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