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The Periodic Rental Agreement is a fundamental legal document used in the Philippines for establishing temporary but renewable property rental arrangements. It differs from fixed-term leases by offering more flexibility in duration and renewal terms. This document type is essential when parties want to maintain an ongoing rental relationship while retaining the ability to modify terms or terminate with appropriate notice. The agreement must comply with the Civil Code of the Philippines, the Rent Control Act, and other relevant property laws. It typically includes comprehensive details about rent, utilities, maintenance, security deposits, and termination procedures. The periodic nature of the agreement makes it particularly suitable for both residential and commercial rentals where flexibility is desired, while still providing legal protection for all parties involved.

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

2. Background: Brief context of the rental arrangement and property overview

3. Definitions: Key terms used throughout the agreement defined for clarity

4. Property Details: Comprehensive description of the rental property, including address and specific inclusions/exclusions

5. Term and Renewal: Duration of the periodic rental and conditions for renewal or continuation

6. Rent and Payment Terms: Rental amount, payment schedule, method of payment, and late payment consequences

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

8. Utilities and Services: Responsibility for utility connections, payments, and included services

9. Maintenance and Repairs: Responsibilities of both parties regarding property maintenance and repair obligations

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

11. Landlord's Rights and Obligations: Specific rights and responsibilities of the landlord under Philippine law

12. Tenant's Rights and Obligations: Specific rights and responsibilities of the tenant under Philippine law

13. Termination: Conditions and process for terminating the periodic rental agreement

14. Notices: Process and requirements for serving notices between parties

15. Governing Law: Confirmation of Philippine law governance and jurisdiction