A tenancy agreement is a legal document that outlines the terms and conditions of the rental agreement between a landlord and a tenant. It is important for both parties to have a clear understanding of their rights and responsibilities to avoid any misunderstandings or disputes in the future.

Here is a sample tenancy agreement for landlords and tenants in the Philippines:

1. Parties involved: This section should clearly state the names and contact information of the landlord and tenant(s) involved in the agreement.

2. Property description: The rental property`s address, type, size, and any other relevant information should be stated in this section.

3. Rent and deposit: The rent amount, payment frequency, and deposit amount should be clearly stated in this section, along with any late payment fees or penalties.

4. Duration of the lease: This section should specify the start and end date of the lease agreement, along with any renewal options.

5. Occupancy guidelines: The number of occupants allowed and any restrictions on subletting or using the property for business purposes should be outlined in this section.

6. Maintenance and repairs: This section should state the responsibility of each party for maintaining and repairing the rental property.

7. Utilities and services: Any utilities and services included in the rent, as well as any additional fees for extra usage, should be clearly stated in this section.

8. Pets and smoking: If pets or smoking are allowed or prohibited on the property, it should be included in this section.

9. Termination of the lease: This section should outline the conditions under which the lease may be terminated by either party, including notice requirements.

10. Governing law: The governing law of the agreement should be clearly stated in this section.

It is important to note that this is just a sample tenancy agreement and should be customized to fit the specific needs and requirements of each rental agreement. It is recommended to seek guidance from a legal professional to ensure that all legal requirements are met and that the agreement is fair and beneficial for both parties involved.

In conclusion, a well-crafted tenancy agreement is crucial in protecting the rights and interests of both landlords and tenants. By clearly stating the terms and conditions of the rental agreement, both parties can avoid any misunderstandings or disputes in the future.