For a growing number of people, the benefits of residential ownership are being replaced by the benefits of a lease. Greater flexibility, less financial risk and less real estate liability make the prospect of renting a house or condo over direct ownership particularly attractive. Renting real estate also offers financial benefits for the landlord, as he or she can adjust the rent relative to the value of the property.` This can be a stable source of income, while preserving all property rights. 1. OBJECTIVES: The rented premises may only be used by the tenant for residential purposes and may not be diverted for other purposes. .
Sample Contract Of Rental Agreement In The Philippines