The law on the contract of lease in the Philippines is governed by the Civil Code of the Philippines, particularly Articles 1643 to 1687. These provisions outline the rights and obligations of both the lessor and the lessee in a lease agreement.

A lease agreement is a contract wherein the lessor gives the lessee the right to use a property for a certain period of time, in exchange for payment of rent. The lessor retains ownership of the property, while the lessee is granted the right to use and occupy it for the duration of the lease.

One important provision in the law on lease contracts in the Philippines is the requirement for a written agreement. Under Article 1643 of the Civil Code, lease agreements for more than one year must be in writing. This ensures that the terms and conditions of the lease are clear and understood by both parties.

Another key provision of the law on lease contracts in the Philippines is the requirement for payment of rent. The lessee is obligated to pay rent to the lessor, as stipulated in the lease agreement. Failure to pay rent may result in the termination of the lease agreement, as provided for under Article 1656 of the Civil Code.

The law on lease contracts in the Philippines also provides for the lessee`s right to make improvements to the property, subject to certain conditions. Article 1678 of the Civil Code states that if the lessee makes improvements with the lessor`s consent, the lessee has the right to remove them at the end of the lease. However, if the improvements are necessary for the use of the property, or if they cannot be removed without causing damage, the lessor may be required to compensate the lessee.

In addition, the law on lease contracts in the Philippines provides for the lessor`s obligation to maintain the property in good condition. The lessor is responsible for making necessary repairs and keeping the property in a habitable condition, as provided for under Article 1654 of the Civil Code.

Overall, the law on the contract of lease in the Philippines serves to protect the rights and interests of both the lessor and the lessee. By providing clear guidelines and requirements for lease agreements, the law ensures that both parties understand their obligations and the consequences of failing to fulfill them.