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Earn by Closing Deals Today

At RPM Realty, we offer a unique opportunity to earn extra income simply by closing a lease agreement. Our program is designed to provide a great way to supplement your income while helping others find the perfect home. With competitive rates and flexible hours, it's the perfect opportunity for anyone looking to earn extra income. Contact us today to learn more!

Get Paid after Lease Agreement is Finalize


Step 1: Finalize the Lease Agreement

  1. Review the Payment Terms: Ensure that the lease agreement clearly states the rental amount, due dates, payment methods, and penalties for late payments.

  2. Sign the Agreement: Both you and the tenant should sign the lease agreement. Provide a copy to the tenant for their records.

Step 2: Collect Initial Payments

  1. Security Deposit: Collect the security deposit as stipulated in the lease agreement. This is typically equivalent to one or two months' rent.

  2. Advance Rent: Collect the advance rent payment, usually the first month's rent, at the time of signing the lease.

Step 3: Set Up Payment Methods

  1. Bank Deposits/Transfers: Provide your bank account details if you prefer receiving payments through bank deposits or electronic transfers.

  2. Online Payment Platforms: If convenient, set up payment through online platforms or mobile apps that are commonly used in the Philippines.

  3. Cash Payments: If you accept cash, arrange a safe and convenient way to collect it.

Step 4: Issue Official Receipts

  1. Provide Receipts: For every payment received, issue an official receipt as required by Philippine law.

  2. Record Keeping: Keep a record of all payments received for your financial tracking and for tax purposes.

Step 5: Monitor Monthly Payments

  1. Payment Tracking: Keep track of payment due dates and ensure that payments are received on time.

  2. Send Reminders: If necessary, send polite reminders to your tenant a few days before the rent is due.

Step 6: Manage Late Payments

  1. Enforce Late Payment Penalties: If a payment is late, apply any late payment fees as outlined in the lease agreement.

  2. Communicate with Tenant: If the tenant consistently pays late, discuss the issue with them to find a solution.

Step 7: Adjust Rent if Applicable

  1. Annual Increases: If your lease agreement includes a clause for annual rent increases, communicate this to your tenant in advance as per the terms of the agreement.

  2. Issue New Receipts: Reflect any changes in the amount on the official receipts.

Step 8: Renewing the Lease

  1. Lease Renewal Discussion: Before the lease expires, discuss with the tenant whether they intend to renew the lease.

  2. Update Lease Agreement: If renewing, update the lease agreement for the new term, including any changes in rent.

Step 9: End of Lease Procedures

  1. Property Inspection: At the end of the lease, inspect the property for any damages.

  2. Refund Security Deposit: Refund the security deposit minus any deductions for repairs of damages beyond normal wear and tear.

Step 10: Legal and Tax Obligations

  1. Report Income: Report your rental income as part of your annual income tax returns.

  2. Comply with Tax Regulations: Ensure compliance with all relevant Philippine tax regulations related to rental properties.

Additional Tips:

  • Maintain Good Landlord-Tenant Relations: Good communication and a positive relationship with your tenant can encourage timely payments.

  • Stay Informed: Keep yourself updated on any changes in rental laws and regulations in the Philippines.

  • Seek Professional Advice: If you encounter complex issues, consider consulting a legal or real estate professional.

Remember, being a responsible and organized landlord can help ensure a smooth and profitable leasing experience.





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