Sample Lease Contract Agreement Philippines

Failure by the tenant to comply with the conditions of this clause gives the lessor the right to refuse, at the latter`s choice, the acceptance of the delivery of the premises and to oblige the tenant to pay the rent at the same rate increased by twenty-five (25)% as a penalty until the tenant has complied with the conditions of this agreement. The same penalty is imposed if, for any reason, the tenant does not leave the premises after the expiry of this lease or termination. A housing rental agreement is used when an owner wishes to rent or rent real estate to a tenant for residential purposes and possibly at home. For example, this form would be used to rent an apartment or cellar suite. 5. LATE PAYMENT: in the event of a delay by the tenant in the payment of rent, for example.B. in the event of non-cashing of cheques, the lessor may, according to his choice, terminate this contract and eject the tenant. . . .