The Month To Month Lease Agreement Termination document serves as a crucial legal instrument in the Philippine real estate context, designed to formally end periodic tenancy arrangements. This document becomes necessary when either the landlord or tenant wishes to terminate a month-to-month lease agreement, requiring compliance with the notice provisions under Philippine law, typically 30 days' advance notice. It incorporates essential elements required by the Philippine Civil Code and Rent Control Act, including specific termination dates, property inspection arrangements, security deposit handling, and utility settlement procedures. The document is structured to protect both parties' interests while ensuring smooth transition of property possession, making it essential for both residential and commercial leasing arrangements in the Philippines.
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Key Requirements PROMPT example:
Month To Month Lease Agreement Termination
"I need a Month To Month Lease Agreement Termination document for my retail space in Manila, where I'm the landlord giving notice to my tenant who has consistently been late with payments; the termination should be effective March 1, 2025, with specific provisions for recovering unpaid utilities."
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1. Parties: Names and complete addresses of both landlord/lessor and tenant/lessee
2. Background: Details of the original lease agreement including date of commencement, property address, and current rental terms
3. Definitions: Key terms used in the termination notice, including 'Premises', 'Lease Agreement', 'Termination Date', etc.
4. Notice of Termination: Clear statement of intent to terminate the lease agreement with specific termination date
5. Termination Date: Specified date when the lease will end, ensuring compliance with the required notice period (typically 30 days in the Philippines)
6. Property Inspection: Requirements and arrangements for final inspection of the premises
7. Security Deposit: Process and timeline for the return of the security deposit, subject to property inspection
8. Outstanding Obligations: Statement regarding settlement of any unpaid rent, utilities, or other charges
9. Keys and Access: Requirements for returning keys and arrangements for property access during the notice period
10. Governing Law: Statement that the termination is governed by Philippine law
11. Signatures: Space for dated signatures of all parties
1. Early Termination Cause: Required when termination is due to breach of contract or special circumstances allowed under Philippine law
2. Forwarding Address: Include when tenant is providing a new address for future correspondence and security deposit return
3. Property Damage Declaration: Include when there are specific known damages to be addressed before termination
4. Mutual Agreement Declaration: Include when termination is by mutual consent of both parties
5. Covid-19 Provisions: Include if termination is related to pandemic circumstances or if special health protocols need to be observed during move-out
6. Force Majeure: Include when termination is due to extraordinary circumstances beyond either party's control
1. Schedule A - Property Inventory: Detailed list of property condition and inventory at the time of termination notice
2. Schedule B - Payment History: Record of rent payments and any outstanding balances
3. Schedule C - Utility Accounts: List of utility accounts that need to be transferred or terminated
4. Appendix 1 - Original Lease Agreement: Copy of the original month-to-month lease agreement being terminated
5. Appendix 2 - Photo Documentation: Current photographs of the property condition (if relevant)
6. Appendix 3 - Inspection Checklist: Standard move-out inspection checklist to be completed by both parties
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Relevant Industries
Real Estate
Residential Property
Commercial Property
Property Management
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Housing and Development
Retail
Hospitality
Office Space Management
Small Business
Relevant Teams
Legal
Real Estate Operations
Property Management
Facilities Management
Tenant Relations
Compliance
Administrative Services
Asset Management
Contract Management
Property Services
Relevant Roles
Property Manager
Real Estate Agent
Leasing Manager
Legal Counsel
Housing Administrator
Tenant Relations Officer
Property Administrator
Facilities Manager
Real Estate Operations Manager
Compliance Officer
Legal Administrator
Building Manager
Asset Manager
Property Services Coordinator
Lease Administrator
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