Condo rental contract template philippinesCondominium Lease Agreement • April 21st, 2008
Contract Type FiledApril 21st, 2008Updated August 01, 2022A condominium (“condo”) lease agreement is between an owner of a condo unit and a tenant that agrees to rent for monthly payment. The individual(s) that decide to lease the space will be obligated to uphold the rules and regulations of the association and they should have all rights to use any of the facilities, common areas, and have any other privileges of the community (unless otherwise stated in the agreement). Condo (Association) Dues – Commonly are paid by the landlord, not the tenant. A condo, short for condominium, is a unit of property amongst other similar units that share the rights to the property’s common areas. Most residential high rises you see in cities are condos. Each owner within the condominium pays an “association” fee which goes towards the maintenance of the property and salaries of those employed by the association (Doormen, cleaners, etc.). ” How to Rent a Condo Know your state’s rental laws – Once you decide to turn your condo into a re