The Month To Month Lease Amendment is essential when parties wish to transition from a fixed-term lease to a more flexible arrangement in the Philippines. This document is typically used when the original lease is expiring but both parties want to continue the rental arrangement with greater flexibility, or when circumstances require a more adaptable leasing structure. It must comply with Philippine rental laws, including the Civil Code of the Philippines and the Rent Control Act, particularly regarding notice periods and rent increases. The amendment maintains most terms of the original lease while modifying the duration and termination provisions. This document is crucial for both residential and commercial properties, providing a balanced approach to protect both landlord and tenant interests while ensuring legal compliance with Philippine property regulations.
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Key Requirements PROMPT example:
Month To Month Lease Amendment
"I need a Month To Month Lease Amendment for my residential property in Manila, converting a fixed one-year lease expiring on March 1, 2025, to a month-to-month arrangement, with a 30-day notice period and maintaining the current PHP 25,000 monthly rent."
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OR
1. Parties: Identification of the Landlord and Tenant, including their complete legal names and addresses
2. Background: Reference to the original lease agreement, including its execution date and property description
3. Definitions: Key terms used in the amendment, particularly those that differ from or add to the original lease definitions
4. Amendment to Term: Specification of the conversion to month-to-month tenancy and its commencement date
5. Notice Requirements: Required notice period for termination by either party under the month-to-month arrangement
6. Rental Payment Terms: Confirmation of rental amount, due date, and payment method under the month-to-month arrangement
7. Original Lease Terms: Confirmation that all other terms of the original lease remain in effect unless specifically modified
8. Execution: Signature blocks for all parties and date of amendment execution
1. Rent Adjustment Mechanism: Include when parties want to specify how rent may be adjusted during the month-to-month period
2. Modified Security Deposit: Include if the security deposit terms are being modified for the month-to-month arrangement
3. Utilities and Services: Include if there are changes to the responsibility for utilities and services
4. Special Termination Rights: Include if either party needs specific termination rights beyond standard notice
5. Property Maintenance: Include if maintenance responsibilities are being modified for the month-to-month term
6. Insurance Requirements: Include if insurance requirements are being modified for the month-to-month arrangement
1. Schedule A - Property Description: Detailed description of the leased property, including any modifications to the occupied space
2. Schedule B - Rent Payment Schedule: Detailed breakdown of rent, including any adjustments from the original lease
3. Schedule C - Inventory List: Updated inventory of any furnished items or equipment included in the lease
4. Appendix 1 - Original Lease: Copy of the original lease agreement being amended
5. Appendix 2 - Property Photos: Current dated photos of the property condition at the time of amendment
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