Scribd Logo
Upload

Welcome to Scribd!

  • 2K views

    Contract of Lease (Sample)

    Uploaded by

    DamanManda
    This contract establishes a lease agreement between a lessor and lessee for commercial space. The lessor agrees to lease the second floor of a commercial building to the lessee for two years, renewable upon mutual agreement. The lessee will pay a monthly rental fee plus a 5% annual increase and taxes. The lessee must notify the lessor three months before the expiration date if wanting to renew. The lessee is responsible for utilities and any renovations, and improvements become property of the lessor upon expiration. Failure of the lessee to comply with terms allows the lessor to terminate early and keep amounts paid.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Contract of Lease (Sample)

    Uploaded by

    DamanManda
    2K views2 pages
    This contract establishes a lease agreement between a lessor and lessee for commercial space. The lessor agrees to lease the second floor of a commercial building to the lessee for two years, renewable upon mutual agreement. The lessee will pay a monthly rental fee plus a 5% annual increase and taxes. The lessee must notify the lessor three months before the expiration date if wanting to renew. The lessee is responsible for utilities and any renovations, and improvements become property of the lessor upon expiration. Failure of the lessee to comply with terms allows the lessor to terminate early and keep amounts paid.

    Original Description:

    Contract of Lease (Sample)

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    This contract establishes a lease agreement between a lessor and lessee for commercial space. The lessor agrees to lease the second floor of a commercial building to the lessee for two years, renewable upon mutual agreement. The lessee will pay a monthly rental fee plus a 5% annual increase and taxes. The lessee must notify the lessor three months before the expiration date if wanting to renew. The lessee is responsible for utilities and any renovations, and improvements become property of the lessor upon expiration. Failure of the lessee to comply with terms allows the lessor to terminate early and keep amounts paid.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    2K views2 pages

    Contract of Lease (Sample)

    Uploaded by

    DamanManda
    This contract establishes a lease agreement between a lessor and lessee for commercial space. The lessor agrees to lease the second floor of a commercial building to the lessee for two years, renewable upon mutual agreement. The lessee will pay a monthly rental fee plus a 5% annual increase and taxes. The lessee must notify the lessor three months before the expiration date if wanting to renew. The lessee is responsible for utilities and any renovations, and improvements become property of the lessor upon expiration. Failure of the lessee to comply with terms allows the lessor to terminate early and keep amounts paid.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    You are on page 1of 2

    CONTRACT OF LEASE

    KNOW ALL MEN BY THESE PRESENTS:


    This CONTRACT OF LEASE executed in ________________, Philippines, by
    and between:
    _________________, of legal age, Filipino and a resident
    ______________________________, hereinafter referred to as the LESSOR;
    -

    of

    AND

    _________________, of legal age, Filipino and a resident


    ______________________________, hereinafter referred to as LESSEE;

    of

    WITNESSETH:
    WHEREAS, the LESSOR is an Attorney-In-Fact and owner of a
    commercial building located at __________________;
    THAT, the LESSEE is desirous of occupying in LEASE the ground floor,
    with a floor area of ____ sq. m., for legitimate business purposes, and the
    LESSOR is willing and agrees to lease the same in favor of the former;
    commercial building
    NOW THEREOFE, for and in consideration of the foregoing premises,
    the herein LESSOR does hereby convey, by way of LEASE unto said LESSEE,
    the above described commercial spaces, under the following terms and
    conditions to wit:
    1. That the area or portion of the said commercial building subject of
    this contract is the whole area of second floor as above described;
    2. That the term or duration of this contract of lease shall be TWO (2)
    YEARS only, which shall commence on _____________, 2015 and shall
    expire on _____________, 2017 and renewable at the option of both
    parties;
    3. That the Lessee shall pay the rental to the Lessor, the
    corresponding monthly rental dues every last week of each
    succeeding month thereafter following the signing of this contract in
    the amount of _____________ (P 00,000.00) from _______________ to
    _______________, Philippine Currency. An increment of 5% per
    annum shall be added starting _________. Moreover the
    withholding tax of five percent (5%) shall be on the account of the
    LESSOR. That upon signing of this contract, the Lessee agrees to
    pay the Lessor an amount equivalent to two (2) months deposit

    rental in the total amount of ________ THOUSAND PESOS


    (P00,000.00);
    4. That if the LESSEE fails to pay after due date, a surcharge of 5% per
    month shall be imposed. It is expressly agreed and understood that
    the payment of the rentals herein stipulated shall be made without
    demand and without delay on any ground whatsoever;
    5. That, the Lessee shall notify in writing the Lessor at least three(3)
    months in advance prior to the expiration of the contract of lease
    his desire to renew the contract;
    6. The Lessee shall not use the leased space other than its original
    business purposes, nor sublease, assign, transfer, convey,
    mortgage, or in any way encumber the space subject of the lease
    agreement or any portion thereof to any person. Violation of the
    provision shall entitle the Lessor to terminate the contract of lease
    prior to its expiration plus damages;
    7. The Lessee shall have the right to renovate and or introduce
    necessary improvements appropriate for the business subject to the
    approval of the LESSOR, however any expenses incurred by the
    Lessee for such renovation and/ or necessary improvements and
    any damage in any form that may be incurred during the Lessees
    occupation over the leased premises, shall be at the lessees own
    account and upon the expiration of this contract, any permanent
    improvements introduced by the Lessee, shall automatically belong
    to the LESSOR who shall not be obliged to reimburse the same;
    8. Water, telephone and electric bills shall be the obligation of the
    lessee.
    9. That the Lessor and Lessee hereby bind themselves to abide and
    comply with the above stipulations;
    10. Failure of the Lessee to comply with any of the conditions of the
    contract shall entitle the Lessor to terminate the contract and forfeit
    whatever amount paid to the Lessor.

    You might also like