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Contract of Lease Know All Men by These Presents

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Zer Min Sim

This document is a contract of lease between Marilyn B. Rodriguez as the lessor and Hazel S. Rodriques and/or Marlon Tiangko as the lessee. It leases a parcel of land located in Pasig, Philippines from the lessor to the lessee. The key terms are that the lease is for a period of 6 months, renewable, at a monthly rental of 5000 Philippine pesos for the first 6 months increasing thereafter. The lessee also pays 1 month advance rent and is responsible for real property taxes on buildings while the lessor pays taxes on the land. Improvements made by the lessee become property of the lessor at contract expiration.

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Contract of Lease Know All Men by These Presents

Uploaded by

Zer Min Sim
34 views3 pages
This document is a contract of lease between Marilyn B. Rodriguez as the lessor and Hazel S. Rodriques and/or Marlon Tiangko as the lessee. It leases a parcel of land located in Pasig, Philippines from the lessor to the lessee. The key terms are that the lease is for a period of 6 months, renewable, at a monthly rental of 5000 Philippine pesos for the first 6 months increasing thereafter. The lessee also pays 1 month advance rent and is responsible for real property taxes on buildings while the lessor pays taxes on the land. Improvements made by the lessee become property of the lessor at contract expiration.

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contract of lease

Original Title

Contract of Lease

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This document is a contract of lease between Marilyn B. Rodriguez as the lessor and Hazel S. Rodriques and/or Marlon Tiangko as the lessee. It leases a parcel of land located in Pasig, Philippines from the lessor to the lessee. The key terms are that the lease is for a period of 6 months, renewable, at a monthly rental of 5000 Philippine pesos for the first 6 months increasing thereafter. The lessee also pays 1 month advance rent and is responsible for real property taxes on buildings while the lessor pays taxes on the land. Improvements made by the lessee become property of the lessor at contract expiration.

Copyright:

© All Rights Reserved
Download as DOCX, PDF, TXT or read online from Scribd
Download as docx, pdf, or txt
34 views3 pages

Contract of Lease Know All Men by These Presents

Uploaded by

Zer Min Sim
This document is a contract of lease between Marilyn B. Rodriguez as the lessor and Hazel S. Rodriques and/or Marlon Tiangko as the lessee. It leases a parcel of land located in Pasig, Philippines from the lessor to the lessee. The key terms are that the lease is for a period of 6 months, renewable, at a monthly rental of 5000 Philippine pesos for the first 6 months increasing thereafter. The lessee also pays 1 month advance rent and is responsible for real property taxes on buildings while the lessor pays taxes on the land. Improvements made by the lessee become property of the lessor at contract expiration.

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© All Rights Reserved
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CONTRACT OF LEASE

KNOW ALL MEN BY THESE PRESENTS:


This Contract of Lease made and entered into by and between:
_MARILYN B. RODRIGUEZ _, of legal age, Filipino, (single / married /
widow), and a resident of _CENTENNIAL 2 PINALAD ROAD, PINAGBUHATAN
PASIG_, Philippines, (hereinafter referred to as the "LESSOR");
- and __HAZEL S. RODRIGUES and/or MARLON TIANGKO__, of legal age, Filipino,
(single / married / widow), and a resident of _1201-1 ARESO PLACE
SANDOVAL PINAGBUHATAN PASIG_, Philippines, (hereinafter referred to as
the "LESSEE");

WITNESSETH That:
WHEREAS, the LESSOR is the owner of a certain parcel of land situated at
_CENTENNIAL 2 NAGPAYONG PINAGBUHATAN PASIG_, Philippines, more
particularly described as follows:
(Technical Description of Property)
WHEREAS, the Lessor desires to lease the afore-described property in favor
of the LESSEE and the LESSEE accepts the lease subject to the terms and
conditions herein set forth.
NOW, THEREFORE, for and in consideration of the terms and conditions
mutually agreed upon by the parties, the LESSOR hereby lease unto the

LESSEE, his heirs, successors and assigns, the above-described parcel of


land subject to the following terms and conditions, to wit:
1. That the term of this lease shall be for a period of _ SIX

( 6 )

(years/months) to commence upon the signing of this Contract and shall be


renewable for another _

_(

) (years/months) at the

option of the LESSEE, and thereafter renewable upon mutual agreement of


the parties;
2. That the monthly rentals on the leased premises above-mentioned shall
be _FIVE THOUSAND PESOS__ (P_5000_), Philippine Currency for the first
_SIX (6)_ (_MONTHS_) (years/months) of this agreement, which shall be
increased by ______________________

____ (P___________) every

_____________ (_____) (years/months) thereafter. The rentals shall be


paid by the LESSEE to the LESSOR on a monthly basis payable on or before
the _______th day of the every month;
3. That upon the signing of this Contract, the LESSEE agrees to pay
advanced rentals for __ ONE _ (_ 1 _) month/s;
4. That the LESSOR shall pay the real property taxes levied of the leased
premises corresponding to the aforementioned parcel of land while the
LESSEE shall pay the real property taxes levied on the building and other
improvements that shall be introduced by the latter;
5. It is expressly agreed by the parties herein that any fixed improvements
or renovations that will be introduced in the subject stall shall become the
property of the LESSOR after the expiration of the term of this Contract.
IN WITNESS WHEREOF, the parties have hereunto affixed their signatures
this _____________ at _____________, Philippines.
LESSOR LESSEE
SIGNED IN THE PRESENCE OF:

__________________ __________________
(ACKNOWLEDGMENT)

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