Land Lease Agreement Sample Philippines

The landlord and the tenant agree to the terms of this lease.

Land lease agreement sample philippines. Whereas the lessor agrees to lease out the property to the lessee and the lessee is willing to lease the same. Whereas the lessor is the owner of a certain parcel of land situated at philippines more particularly described as follows. It is expressly agreed and understood that the payment of the rental fee herein stipulated shall be made. Technical description of property whereas the lessor desires to lease the afore described property in favor of the lessee and the lessee accepts the lease subject to the terms and conditions herein set forth.

A residential lease agreement is an agreement for one person the lessee to rent the property of another the lessor for residential purposes over a specific period of time. 9161 also known as the rental reform act of 2002 sets forth guidelines regarding the lease of residential units. For instance if a tenant decides to move a letter of cancellation must be provided to the landlord one month in advance to give ample time to find new occupants. This lease can only be changed by an agreement in writing by both the tenant and the landlord.

This lease fee may. A residential lease agreement identifies basic information about the lease such as the property to be rented the period of the lease the security deposits and the monthly rental payments. The republic act no. Terms and conditions.

The lawphil project of the arellano law foundation contains the civil code of the philippines articles 1646 to 1688 with governing laws on the lease of urban and rural lands. A late penalty of up to month may be assessed on all late payments. The lease contract contains rental agreement which specifies the tenant s right to live and the landlord s right to retain ownership. The tenant agrees to pay a lease fee to the landowner of per acre or total per year.

If this lease is made by a corporation its proper corporate officers sign and its corporate seal is affixed. The tenant agrees to pay such sum at the beginning of the lease term and on the anniversary thereof unless otherwise mutually agreed.