CONTRACT OF LEASE This Contract of Lease entered into by and between xxxx single, single, of legal legal age, Filipino citizen and with residence address at xxxx, hereinafter referred to as LESSOR, xxxx, xxxx, single, of legal age, age, Filipino Filipino citizen and with with residence address address at 306A a!ilton "ldg#, La$e%iew &anor xxx , hereinafter referred to as LESSEE' LESSEE' W I T N E S S E T H: That the LESSOR LESSOR is the absol(te owner and possessor of a parcel of land locate located d at "arang "arangay ay )($lay )($layin, in, "aler, "aler, A(rora A(rora,, !ore !ore partic partic(la (larly rly descri described bed and designated in Title *o# xxx , consisting an area of xxx+ xxx+ xxx )# &eters, !ore or less' That the LESSEE desires LESSEE desires to lease a portion of the abo%e-!entioned parcel of land consisting consisting of Six Hundred Fifteen +6./ +6./ s(are s(are !eters , !ore !ore or less, to b(ildconstr(ct b(ildingsstr(ct(res b(ildingsstr(ct(res excl(si%ely excl(si%ely for co!!ercial co!!ercial p(rposes' p(rposes' and the LESSOR is LESSOR is willing to lease the s(b1ect parcel of land' That the parties agree agree on the following conditions, conditions, to wit' 1. That the ter! of lease is xxx YEARS shall co!!ence co!!ence on on xxx and and shall shall end on xxx, renewable by !(t(al agree!ent (nder the sa!e ter!s and conditions for a period of xxx xx !onths or (ntil xxx' 2. That the !onthly consideration for the lease shall be xxxx, xxxx, 2L22*4 C54* C54*C7 C7 (PP xx,!!!.!! xx,!!!.!!", ", excl(si%e of 8AT, and and with 4)CALAT9* 4)CALAT9* rate of xxx +xx: 24 C4*T e%ery year' #. That, (pon signing of this contract, contract, the LESSEE shall LESSEE shall pay the LESSOR the LESSOR the a!o( a!o(nt nt of xxx xxx 24)9 24)9), ), 2L 2L2 22 2*4 *4 C$RRENCY (PPxxx,OOO.OO" as A;8A*C4 2A7&4*T of the herein 4*TAL at the ti!e the parties sign on this contract which shall be ded(cted ded(cted fro! the rental pay!ent of of the last twel%e +.< !onths of this Lease Agree!ent' T44AFT4, pay!ent of the !onthly !onthly rental will will start (pon occ(panc occ(pancy y of /0: of the co!!erci co!!ercial al spaces spaces for lease or whene%er whene%er all roo!s roo!s for acco!!odatio acco!!odation n are ready, whiche%er co!es earlier' %. That the LESSEE shall deposit all pay!ents pertaining to !onthly rentals to LESSOR& LESSOR&' ' acco(nt at China "an$, "aler "ranch on the ====== day of e%ery !onth' . That the LESSOR LESSOR g(arantees a period of TT7 +30 ;A7) as >AC4 249; in fa%o(r of the L4))44 in case of LAT4 2A7&4*T 9F &9*TL7 4*TAL) otherwise arrears shall earn an interest of .0 : after >AC4 249;' ). That the LESSOR shall LESSOR shall ha%e the right to ter!inate this contract sho(ld the LESSEE fail LESSEE fail to pay pay rentals for !ore !ore than 9*4 +. 74A' and in case of any %iolation by the LESSE4 LESSE4 of any pro%ision of this contract' *. That the LESSEE LESSEE shall b(ild b(ild on the lease leased d pre!is pre!ises es a co!!er co!!ercia ciall str(ct(re that he shall lease to third parties' PRO+IE that PRO+IE that the LESSEE
not s(blease any portion of the leased parcel of land not occ(pied by his co!!ercial str(ct(re witho(t the written consent of the LESSOR or her representati%e -. That the LESSEE shall (se the pre!ises excl(si%ely for co!!ercial p(rposes only' "5T LESSEE !ay di%ert the (se of the pre!ises or any portion thereof with the expresswritten consent of the LESSOR or her representati%e' . That the LESSOR shall sho(lder the pay!ent of the ;oc(!entary )ta!p Tax that !ay be charged of this contract' and the eal 4state Tax on the leased pre!ises thro(gho(t the d(ration of this contract, incl(si%e of any ?itholding Tax on the sa!e' 1!. That the LESSEE shall sho(lder the pay!ent of the 8AT which are incidental to his deri%ing inco!e fro! his b(siness operations incl(si%e of eal 4state Tax on his i!pro%e!ents' 11. That anyall i!!o%able i!pro%e!ents by the LESSEE in the s(b1ect pre!ises shall be owned by the LESSOR witho(t any obligation on her part or her representati%e to rei!b(rse the LESSEE/ PRO+IE, that the LESSOR shall rei!b(rse the LESSEE for all i!pro%e!ents on the s(b1ect pre!ises sho(ld the contract be ter!inated witho(t the fa(lt of the LESSEE' and 12. That the LESSOR shall specify and p(t !ar$ers referring to the expanse of the 6./ s(are !eters for the lessee@s infor!ation as to the extent of his lease right on the pre!ises s(b1ect of this contract# *9 &94#
* ?T*4)) ?449F, the parties ha%e here(nto set their signat(res this ====== day of ===========,<0.6 at ============================, 2hilippines#
L4))9 L4))44 SI0NE IN THE PRESENCE OF ==================================
REP$LIC OF THE PHILIPPINES " SS.
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AC3NOWLE04ENT EFORE 4E, a *otary 2(blic for and in ==================================== personally appeared the following persons, with their respecti%e go%ern!ent ss(ed ;s, to wit 0O+T. ISS$E I..
ISS$E ON
ISS$E AT
who are $nown to !e and to !e $nown to be the sa!e persons who exec(ted the foregoing instr(!ent, and they ac$nowledge to !e that the sa!e is their own free and %ol(ntary act and deed, as well as the free and %ol(ntary act and deed# The foregoing instr(!ent pertains to a Lease Agree!ent consisting of fo(r +B pages, incl(ding the page on which this Ac$nowledg!ent is written, to which the annexes are attached, all signed by the parties hereto and their instr(!ental witnesses# WITNESS 4Y HAN AN SEAL this ==== day of ================= <0.6, in the ============================== 2hilippines#
;oc# *o# === 2age *o# === "oo$ *o# === )eries of <0.6
