A rental agreement is one of the most important legal forms in the real estate sector, since it concludes a legally binding contract between the tenant and the lessor. This lease gives tenants the right to reside and deliver in a particular property for a certain period of time, while the lessor retains ownership. Therefore, the lessor reserves certain rights, such as the termination of the contract that leads to the evacuation, when the tenants damage the land or otherwise prove inappropriate. This form is also known as: rental contract, lease, lease, lease, free lease, lease, lease, lease, lease, lease, lease, lease, lease, owner 3. RENTAL PRICE: The monthly rental price of the rented premises is in PESOS: AMOUNT IN WORDS (P 00.000,00), Philippine currency. All rents must be paid to the OWNER. The parties choose the above addresses as physical addresses for the notification of a notification, the payment of any amount and the possibility of taking legal action under this real estate rental agreement. Each party has the right to change its physical address information in writing to the other party. Such a change shall take effect on the 7th day following receipt of the notification by the other Party. Any communication that the lessor must send to the tenant is deemed effective when it is sent by prepaid registered letter to the tenant in the property or left by the owner or his agent at this address, the notification being deemed received by registered letter 5 days after its publication. or the day the termination was served by hand.. .