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The Standard Residential Lease Agreement serves as a fundamental legal instrument in the Philippine real estate market, designed to facilitate residential property rentals while ensuring compliance with local laws and regulations. This document is essential when establishing a formal landlord-tenant relationship for residential properties in the Philippines, incorporating provisions from the Rent Control Act, Civil Code, and other relevant legislation. It provides comprehensive coverage of rental terms, responsibilities, and obligations, while offering protection for both parties' interests. The agreement is structured to accommodate various residential arrangements, from apartment units to single-family homes, and includes specific provisions required under Philippine law regarding rent control, security deposits, and tenant rights. It should be used whenever a residential property is being leased for a defined period, typically ranging from six months to one year or more.

1. Parties: Identification of the Lessor/Landlord and Lessee/Tenant with complete legal names and addresses

2. Background: Brief context of the lease arrangement and property letting

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

4. Property Description: Detailed description of the leased premises including address and specific unit information

5. Term of Lease: Duration of the lease, including start and end dates, and any renewal options

6. Rent and Payment Terms: Monthly rent amount, due dates, accepted payment methods, and late payment penalties

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

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

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

10. Maintenance and Repairs: Responsibilities of landlord and tenant for property maintenance and repairs

11. Rules and Regulations: House rules, noise restrictions, and other behavioral guidelines

12. Access and Inspection: Landlord's right to access the property and inspection terms

13. Insurance: Required insurance coverage for both parties

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

15. Termination: Conditions and process for lease termination

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

17. Signatures: Execution section with date and signatures of all parties