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LEASE CONTRACT form

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12 views3 pages

LEASE CONTRACT form

Uploaded by

Atty Pi
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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LEASE CONTRACT

KNOW ALL MEN BY THESE PRESENTS:

This CONTRACT OF LEASE is made and executed at the City of Urdaneta,


this _______day of ________, 2017, by and between:

ANDRES L. VENIEGAS JR., of legal age, married, Filipino, and with


residence and postal address at_ Barangay San Felipe, Binalonan,
Pangasinan, hereinafter referred to as the LESSOR.

-AND-

WINIFREDA B. WANGKAY, Filipino and with residence and postal


address at _____________, hereinafter referred to as the LESSEE.

WITNESSETH; That

WHEREAS, the LESSOR is the owner of THE LEASED PREMISES, a


commercial property situated at Poblacion Binalonan, Pangasinan;

WHEREAS, the LESSOR agrees to lease-out the property to the


LESSEE and the LESSEE is willing to lease the same;

NOW THEREFORE, for and in consideration of the foregoing


premises, the LESSOR leases unto the LESSEE and the LESSEE
hereby accepts from the LESSOR the LEASED premises, subject to the
following:

TERMS AND CONDITIONS

1. PURPOSES: That premises hereby leased shall be used


exclusively by the LESSEE for business ( Wynn’s Gas House}) purposes
only and shall not be diverted to other uses without prior consent of the
LESSOR. It is hereby expressly agreed that if at any time the premises
are used for other purposes, the LESSOR shall have the right to rescind
this contract without prejudice to its other rights under the law.

2. TERM: This term of lease is for __________. from ________(Date)


to __________(Date) inclusive. Upon its expiration, this lease may be
renewed under such terms and conditions as my be mutually agreed
upon by both parties, written notice of intention to renew the lease
shall be served to the LESSOR not later than seven (7) days prior to the
expiry date of the period herein agreed upon.

3. RENTAL RATE: The monthly rental rate for the leased


premises shall be in FIVE THOUSAND PESOS (P 5,000.00), Philippine
Currency. All rental payments shall be payable to the LESSOR.

4. DEPOSIT: That the LESSEE shall deposit to the LESSOR upon


signing of this contract and prior to move-in an amount equivalent to
the rent for __________ (__) MONTHS or the sum of PESOS: AMOUNT IN
WORDS (P 00,000.00), Philippine Currency, wherein the two (2) months
deposit shall be applied as rent for the 11th and 12th months and the
remaining one (1) month deposit shall answer partially for damages and
any other obligations, for utilities such as Water, Electricity, CATV,
Telephone, Association Dues or resulting from violation(s) of any of the
provision of this contract.

5. PUBLIC UTILITIES: The LESSEE shall pay for its telephone,


electric, cable TV, water, Internet, association dues and other public
services and utilities during the duration of the lease.

6. FORCE MAJEURE: If whole or any part of the leased premises


shall be destroyed or damaged by fire, flood, lightning, typhoon,
earthquake, storm, riot or any other unforeseen disabling cause
of acts of God, as to render the leased premises during the term
substantially unfit for use and occupation of the LESSEE, then this lease
contract may be terminated without compensation by the LESSOR or by
the LESSEE by notice in writing to the other.

7. LESSOR'S RIGHT OF ENTRY: The LESSOR or its authorized


agent shall after giving due notice to the LESSEE shall have the right to
enter the premises in the presence of the LESSEE or its representative
at any reasonable hour to examine the same or make repairs therein or
for the operation and maintenance of the building or to exhibit the
leased premises to prospective LESSEE, or for any other lawful purposes
which it may deem necessary.

8. EXPIRATION OF LEASE: At the expiration of the term of this


lease or cancellation thereof, as herein provided, the LESSEE will
promptly deliver to the LESSOR the leased premises with all
corresponding keys and in as good and tenable condition as the same is
now, ordinary wear and tear expected devoid of all occupants, movable
furniture, articles and effects of any kind. Non-compliance with the
terms of this clause by the LESSEE will give the LESSOR the right, at the
latter's option, to refuse to accept the delivery of the premises and
compel the LESSEE to pay rent therefrom at the same rate plus Twenty
Five (25) % thereof as penalty until the LESSEE shall have complied with
the terms hereof. The same penalty shall be imposed in case the
LESSEE fails to leave the premises after the expiration of this Contract
of Lease or termination for any reason whatsoever.

9. JUDICIAL RELIEF: Should any one of the parties herein be


compelled to seek judicial relief against the other, the losing party shall
pay an amount of One Hundred (100) % of the amount clamed in the
complaint as attorney's fees which shall in no case be less than
P50,000.00 pesos in addition to other cost and damages which the said
party may be entitled to under the law.

10. This CONTRACT OF LEASE shall be valid and binding


between the parties, their successors-in-interest and assigns.

IN WITNESS WHEREOF, parties herein affixed their signatures


on the date and place above written.

ANDRES L. VENIEGAS JR WINIFREDA B. WANGKAY


LESSOR LESSEE
Signed in the presence of:

_____________________________ ___________________________

ACKNOWLEDGMENT

Republic of the Philippines)


Province of Pangasinan )
City of Urdaneta ) S.S

BEFORE ME, personally appeared:

Name CTC Number Date/Place Issued

ANDRES L. VENIEGAS JR.


WINIFREDA B. WANGKAY

Known to me and to me known to be the same persons who executed


the foregoing instrument and acknowledged to me that the same is
their free and voluntary act and deed.

This instrument consisting of ____ page/s, including the page on


which this acknowledgement is written, has been signed on each and
every page thereof by the concerned parties and their witnesses, and
and sealed with my notarial seal.

WITNESS MY HAND AND SEAL, on the date and place first


above written.

Doc. No.
Page No.
Book No.
Series of 2017

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