Has anyone here ever taken a long term lease? I am talking about the 25 year with a 25 year renewal option under Presidential Decree 471.What you may do for now is put up a big or huge tarp with the FOR LEASE sign, total floor size and your contact number. Download this Rental Application form to make sure that you screen your tenants well before renting your property in the Philippines. If you want to buy a house, consider a long-term lease agreement with a Filipino landowner. Are you a developer or Franchise owner with a great development opportunity? Submit a site and we can work with you to to see if its the right fit and market. We've compiled a list of all the landlord and tenant lease clause definitions that you should know before drafting a lease agreement document. A rental agreement is a document that acts as a contract between you and your tenant, defining the terms of the tenancy. The biggest negative is you only own the lease and make sure you put in the lease that you can sell it but not the land.