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Rental of Goods Agreement

Last revision Last revision 02/23/2024
Formats FormatsWord and PDF
Size Size6 to 9 pages
Fill out the template

Last revisionLast revision: 02/23/2024

FormatsAvailable formats: Word and PDF

SizeSize: 6 to 9 pages

Fill out the template

A Rental of Goods Agreement is a document between two parties wherein one party, the Renter, rents the personal property of another, the Provider.

This Rental of Goods Agreement can be used for the lease of most types of personal property, regardless of whether it is only one good or several goods. It outlines the terms and conditions of the rental.

This document is not designed to be used for the lease of real property, such as a piece of land, a building, condominium, or apartment.

For the lease of real property, a Residential Lease Agreement, if the lease is for residential purposes, or a Commercial Lease Agreement, if the lease is for commercial purposes should be used.

How to use this document

This document can be used by the Provider, renting out their good or goods for personal or business reasons, or by the Renter, looking to rent specific good or goods.

The user should enter all the information required to complete the document. Once completed, the user should print at least three (3) copies of the document. If there are any attachments to the document, the attachments should be marked and attached to all the copies of the document. Marking the attachments means identifying the attachments by writing the words "Annex "A", Annex "B", and so on, on the attachments. The user should use the document as a guide to properly mark the attachments. For convenience, the attachments have been emphasized in bold. Once the document has been printed and the attachments attached, if any, the parties should review and, if everything is found to be correct, sign all original copies of the document.

If the parties want to acknowledge the document, this document also contains an Acknowledgment. An Acknowledgment is an act of a person before a notary public stating that the signature on a document was voluntarily affixed by him and he executed the document as his free and voluntary act. Acknowledging the document is optional however, a document that is acknowledged before a notary public turns the document into a public document. Public documents are generally self-authenticating, meaning no other evidence will be needed to prove the execution of the document. If the document will be acknowledged, the parties should present themselves before a notary public with all the copies of the document and swear an oath to the foregoing.

If the document is acknowledged, the notary public will keep one original copy of the document. The Provider and the Renter should each keep a copy of the document for their records.

Applicable law

The laws on Lease found in the Civil Code of the Philippines applies to this document.

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