Terms and conditions of Lease Contract
1 Terms and conditions of Lease Contract on Fri Mar 01, 2013 4:07 pm
2 Re: Terms and conditions of Lease Contract on Mon Mar 04, 2013 9:20 pm
Caveat: since the contract had already expired then, you may be evicted at any time leaving you defenseless as the right granted to you under the contract, already ceases.
3 Re: Terms and conditions of Lease Contract on Wed Mar 06, 2013 10:58 pm
SEC. 7. Rent and Requirement of Bank Deposit. – Rent shall be paid in advance within the first five (5) days of every current month or the beginning of the lease agreement unless the contract of lease provides for a later date of payment. The lessor cannot demand more than one (1) month advance rent. Neither can he/she demand more than two (2) months deposit which shall be kept in a bank under the lessor’s account name during the entire duration of the lease agreement. Any and all interest that shall accrue therein shall be returned to the lessee at the expiration of the lease contract. In the event however, that the lessee fails to settle rent, electric, telephone, water or such other utility bills or destroys any house components and accessories, the deposits and interests therein shall be forfeited in favor of the latter in the amount commensurate to the pecuniary damage done by the former.
We've been renting an apartment for 1 yr and 1/2. We have notify the landlord a month in advance that we will be ending our stay. But the landlord informed us that our 2 months deposit (14,000) will be used for 1 month remaining rental (7,000) and other 7,000 will go to elec. and utility bills which is ok...we were surprised that she is asking for additional payment of P4,000 to repaint the unit. Isn't it that only damages will be deducted from the deposit? is it legal for landlords to demand payment for repainting of apartment from tenants?
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