Question 1

What is the typical security deposit for rentals?

Accepted Answer

Standard is 2 months advance rent + 1-2 months security deposit = 3-4 months total upfront payment. Some landlords require additional utility deposits. Security deposit should be returned (minus deductions for damages) when you move out.

Question 2

What should be in a rental contract?

Accepted Answer

Essential items: Names of landlord and tenant, property address and description, monthly rent amount, payment due date, lease term (duration), security deposit terms, utility responsibilities, house rules, termination conditions, and both parties' signatures. Get everything in writing!

Question 3

Can landlords increase rent anytime?

Accepted Answer

For residential units with monthly rent ₱10,000 and below, rent increases are regulated under the Rent Control Act (max 7% annually). For higher-rent properties, increases depend on your contract terms. Typically, rent can only be increased upon contract renewal, not during the lease term.

Question 4

What is the notice period for moving out?

Accepted Answer

Standard is 30-60 days written notice before lease end. If you want to terminate early, check your contract for early termination clause and penalties. Some contracts require you to find a replacement tenant. Always give written notice to avoid disputes.

Question 5

Who pays for repairs in a rental property?

Accepted Answer

Generally: Landlord pays for major repairs (plumbing, electrical, structural) and maintenance of common areas. Tenant pays for minor repairs due to normal wear and tear, and damages caused by tenant. Check your contract as this varies. Document property condition at move-in.

Renting Property FAQ

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Renting Property FAQ

1What is the typical security deposit for rentals?

2What should be in a rental contract?

3Can landlords increase rent anytime?

4What is the notice period for moving out?

5Who pays for repairs in a rental property?

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Other Categories

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