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Annex "A": Contract of Lease Know All Men by These Presents

This document is a contract of lease between Maria U. Ozawa and Hermie T. Bagwis. Ozawa owns a 120 square meter parcel of land in Cotabato City, Philippines and is leasing the property to Bagwis for two years at a monthly rate of PHP 10,000. The contract stipulates that Bagwis will pay two months rent upon signing and be responsible for taxes on any buildings or improvements during the lease period, while Ozawa remains responsible for taxes on the underlying land. Any fixed improvements made by Bagwis will become Ozawa's property when the lease expires.

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Gerald Rojas
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221 views2 pages

Annex "A": Contract of Lease Know All Men by These Presents

This document is a contract of lease between Maria U. Ozawa and Hermie T. Bagwis. Ozawa owns a 120 square meter parcel of land in Cotabato City, Philippines and is leasing the property to Bagwis for two years at a monthly rate of PHP 10,000. The contract stipulates that Bagwis will pay two months rent upon signing and be responsible for taxes on any buildings or improvements during the lease period, while Ozawa remains responsible for taxes on the underlying land. Any fixed improvements made by Bagwis will become Ozawa's property when the lease expires.

Uploaded by

Gerald Rojas
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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ANNEX “A”

CONTRACT OF LEASE
KNOW ALL MEN BY THESE PRESENTS:

This Contract of Lease made and entered into by and between:

Maria U. Ozawa, of legal age, Filipino, married, and a resident of Dona Pilar Street, Notre
Dame Avenue, Cotabato City Philippines, (hereinafter referred to as the "LESSOR");
- and -
Hermie T. Bagwis, of legal age, Filipino, (single / married / widow), and a resident of
Windmill Subdivision Blk 2 Lot 3, Cotabato City, Philippines, (hereinafter referred to as the
"LESSEE");

WITNESSETH That:

WHEREAS, the LESSOR is the owner of a certain parcel of land situated at Windmill
Subdivision Blk 2 Lot 3, Philippines, more particularly described as follows:

Transfer Certificate of title no. 147-215400

“A parcel of land Lot No. 3232-B-17-M-4, PSD-13-017629 being


a portion of Lot No. 3232-B-17-M, PSD-10-004835 containing an
area of 120 square meters bounded on north east and southeast
of lot No. 3232-B-17-0, southwest of Lot No. 3232-B-17-N and north
west of Lot 3232-B-17-M-3 declared in the name of MARIAU OZAWA.

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 Two years (_2_) (years/months)
only to commence upon the signing of this Contract;

2. That the monthly rentals on the leased premises above-mentioned shall be five thousand


pesos only (P10, 000.00), Philippine Currency. The rentals shall be paid by the LESSEE to
the LESSOR on a monthly basis payable on or before the 15th day of the every month;

3. That upon the signing of this Contract, the LESSEE agrees to pay advanced rentals for
two months (2) months;

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 August 01,
2018 at Cotabato City, Philippines.

MARIA U. OZAWA HERMIE T. BAGWIS


LESSOR LESSEE

SIGNED IN THE PRESENCE OF:

Henry Mandingo Jolina Magdangal


Witness Witness
(A C K N O W L E D G M E N T)

REPUBLIC OF THE PHILIPPINES)


CITY OF COTABATO) SS

BEFORE ME, this 1ST day of August, 2018, personally appeared:

NAME CTC/PASSPORT NO. ISSUED


ON/AT

HERMIE T. BAGWIS 02174554 Cotabato City

MARIA U. OZAWA 07451200 Cotabato City

This foregoing instrument and hereby acknowledged to me that the same is their free and voluntary act
and deed. This instrument consisting of two (2) pages, including this page on which this acknowledgment
is written refers to a CONTRACT OF LEASE of a house and has been signed by the parties and their
witnesses and sealed with my notarial seal.

IN WITNESS WHEREOF, I have hereunto set my hand on the date and place first above
written.

GERALD N. ROJAS
Notary Public
Roll of Attorney No. 34567
IBP No. 12345/09-04-21
PTR No. 87654/09-04-21

DOC. NO.
PAGE NO.
BOOK NO.
SERIES OF 2018

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