����ֱ��

The Simple Lease Agreement is a fundamental legal document used in the Philippines for establishing rental arrangements between property owners (lessors) and tenants (lessees). This document is essential for both residential and commercial property rentals, providing a clear framework for the temporary use of real property in exchange for monetary consideration. The agreement must comply with the Civil Code of the Philippines, the Rent Control Act, and various local government regulations. A Simple Lease Agreement typically includes key provisions such as property description, rental terms, duration, maintenance responsibilities, and termination conditions. It serves as a crucial tool for protecting the interests of both parties while ensuring legal compliance and establishing clear expectations for the lease relationship. The document can be adapted for various property types and rental situations while maintaining its core legal requirements under Philippine jurisdiction.

1. Parties: Identification and details of the Lessor and Lessee, including complete names, addresses, and tax identification numbers

2. Background: Brief context of the lease arrangement and confirmation of the Lessor's ownership/authority to lease the property

3. Definitions: Key terms used throughout the agreement

4. Property Description: Detailed description of the leased premises, including exact address and boundaries

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

6. Rent and Payment Terms: Rental amount, payment schedule, mode of payment, and late payment penalties

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

8. Utilities and Maintenance: Responsibilities for utilities, repairs, and maintenance of the property

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

10. Lessor's Rights and Obligations: Key responsibilities and rights of the property owner

11. Lessee's Rights and Obligations: Key responsibilities and rights of the tenant

12. Termination: Grounds and procedures for early termination of the lease

13. Governing Law: Confirmation that the agreement is governed by Philippine law

14. Signing Page: Execution page with spaces for signatures and witnesses