A document usually involves 2 parties and, for different reasons, the person drafting the document would want the terms to benefit one party over the other. With Quick Draft, as you answer the questions, we automatically pre-select the answer that benefits your preferred party. You can still change the pre-selected answer.
Click the "Begin Here" button at the top of this page to start creating your document.
Answer questions and download your customized document once finished.
Look for the following icons as you answer the Q&A to know
more about the question and our suggested answer.
Click this icon for information about the question.
Click this icon to know what is the recommended answer based on similar documents.
Last updated on 20 February 2024
A Contract of Lease is an agreement where a property owner (i.e. the lessor) leases his property to another person (i.e. the lessee) for a fee. It contains the terms of the lease and the rights and obligations of the parties, such as the (a) amount of rent; (b) term of the lease; and (c) security deposit.
This contract is for leasing out real property (e.g. land, building). We have other types of lease contracts available:
A Contract of Lease is needed if you will lease out your property to another person. As the property owner, you need a lease contract to establish the terms that the lessee should follow. It is hard to rely on a verbal agreement or conversation because this is difficult to prove in court and people can easily forget details that have been agreed upon. With a written lease contract both parties can refer to the contract to settle any confusion or dispute regarding the lease.
The Contract of Lease can protect the lessor if the lessee:
In the cases above the lessor may use the Contract of Lease to demand that the lessee comply with the terms of the lease. If the lessee refuses to comply the lessor may file a complaint in court to either (a) compel the lessee to comply; or (b) cancel the lease, and claim damages.
For the lessee the Contract of Lease puts in writing his rights and obligations under the lease and what is expected of him (i.e. how much rent he has to pay). The Contract of Lease also protects the lessee because the lessor cannot unilaterally change the terms of the lease without the lessee’s consent. For example, once the parties agree on the amount of rent the lessor cannot unilaterally increase the rent without the lessee’s consent.
To create your Contract of Lease you’ll need the following minimum information:
The document costs PHP 450 for a one-time purchase. Once purchased, you have unlimited use and revisions of this document.
You can also avail of Premium subscription at PhP 1,000.00 and get (a) unlimited use of our library of documents, from affidavits to contracts; and (b) unlimited use of our “Ask an Attorney” service which lets you consult a lawyer for any legal concern you have.
Activities that involve a Contract of Lease for Real Property sometimes use the following documents. You may be interested in them: