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Contract of Lease Almario

This CONTRACT OF LEASE is between Joseph E. Almario (Lessor) and Raymond O. Togonon (Lessee) for a 75.25 square meter portion of land in Hinundayan, Southern Leyte, leased for ten years starting June 1, 2024, at a monthly rental of Php 5,000. The Lessee is permitted to make improvements on a designated area while the Lessor retains ownership of any structures after the lease term. The contract includes provisions regarding taxes, utilities, and the prohibition of sale or encumbrance of the property during the lease period.

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CLAUDINE SUMALINOG
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35 views2 pages

Contract of Lease Almario

This CONTRACT OF LEASE is between Joseph E. Almario (Lessor) and Raymond O. Togonon (Lessee) for a 75.25 square meter portion of land in Hinundayan, Southern Leyte, leased for ten years starting June 1, 2024, at a monthly rental of Php 5,000. The Lessee is permitted to make improvements on a designated area while the Lessor retains ownership of any structures after the lease term. The contract includes provisions regarding taxes, utilities, and the prohibition of sale or encumbrance of the property during the lease period.

Uploaded by

CLAUDINE SUMALINOG
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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CONTRACT OF LEASE

KNOW ALL MEN BY THESE PRESENTS:

This CONTRACT OF LEASE is made and executed this ________________ at


Hinundayan, Southern Leyte, Philippines, by and between:

JOSEPH E. ALMARIO, of legal age, Filipino, married to FELIPA ADLAO ALMARIO,


and a resident of District , Southern Leyte, hereinafter referred to as the “LESSOR”;

-AND-

RAYMOND O. TOGONON, of legal age, Filipino, married to LIZA S. TOGONON,


and a resident of Brgy. Navalita, Hinundayan, Southern Leyte, hereinafter referred to as
the “LESSEE”;

WITNESSETH:

WHEREAS, the LESSOR, is the owner of a PORTION consisting of TWO


HUNDRED (200) SQUARE METERS of a certain parcel of land situated at District II,
Hinundayan, Southern Leyte, designated as Lot No. 306;

WHEREAS, the LESSOR is willing to lease to the LESSEE a PORTION of the


above-described property owned by the LESSOR;

WHEREAS, the LESSEE are desirous of renting the said PORTION of lot;

WHEREAS, the sketch plan showing the particular location of the said PORTION
consisting of 75.25 square meters, which is the subject of this CONTRACT OF
LEASE, is hereto attached and made an integral part of this agreement and such sketch
plan is acknowledged by the parties by affixing their signatures therein;

WHEREAS, the LESSOR hereby guarantees, represents and warrants that he


has a good, valid, and subsisting right, interest, and title to the above-described
property herein leased to the LESSEE and guarantees and warrants in favor of the
LESSEE the peaceful possession and ownership thereof;

NOW THEREFORE, for and in consideration of the foregoing mutually agreed upon
covenants stated herein, the LESSOR hereby lease unto the LESSEE subject to the
following terms and conditions:

1. PERIOD - The CONTRACT OF LEASE shall be for a period of TEN (10) YEARS,
commencing on June 1, 2024 and RENEWABLE at the discretion of the LESSOR;

2. PURPOSE- During the period of the lease, the LESSEE shall use the leased
premises for business;

3. RENTAL - The amount of rental is FIVE THOUSAND PESOS (Php 5,000.00) per
month;

4. IMPROVEMENTS - Only the portion of the leased premises labeled in the Sketch
Plan as “Subject for Development” consisting an area of 55 SQUARE METERS
may be constructed upon and made improvements thereon; as for the remaining
portion of the leased premises comprising of 20.5 SQUARE METERS and labeled
on the Sketch Plan as “Existing Building for rental purposes”, the LESSEE shall
not make any renovations, improvements, or changes in the structures thereon;

5. Any structure built and improvements made on the leased premises shall pertain
solely to the LESSOR after the expiration or termination of this Contract of Lease;

Page 1 of 2
6. TAXES - All taxes, assessment and other burdens validly levied or asserted by
any legally constituted authority against the leased premises shall be paid and due
solely by the LESSOR;

7. PROHIBITION - The LESSOR shall not encumber, sell or dispose of the


PORTION of lot hereby leased during the effectivity of this CONTRACT or its
renewal, if any, without notice to the LESSEE;

8. CHARGES AND UTILITIES - The LESSEE shall pay for the consumption of
water, electricity and other utilities in the leased premises;

9. Should the leased property be alienated, the LESEE shall be given preference to
purchase the same at a reasonable price and may be sold to the other parties
should the LESEE decide not to purchase the same; and

10. The parties agreed that any action arising from this contract shall be filed
exclusively in the proper court of Southern Leyte, Philippines.

IN WITNESS WHEREOF, we have hereunto set our hands this _____________ at


__________________________, Philippines.

JOSEPH E. ALMARIO RAYMOND O. TOGONON


LESSOR LESSEE
Driver’s License I.D. w/ No. _______________________
H11-11-000533
Signed in the Presence of:

_______________________ _________________________

NOTARIAL ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES )


PROVINCE OF SOUTHERN LEYTE ) S.S
MUNICIPALITY OF HINUNDAYAN )

BEFORE ME, a Notary Public for and in the Municipalities falling under the territorial
jurisdiction of RTC-Branch 26, San Juan, Southern Leyte, Philippines, this
_______________, at Hinundayan, Southern Leyte, Philippines, personally appeared the
above-named parties with their respective competent proof of identity indicated below their
names, known to me to be the same persons who executed the foregoing instrument and
they acknowledged to me that the same is their own free act and deed.

This instrument, refers to a CONTRACT OF LEASE, consisting of TWO (2) pages,


including this page on which the Acknowledgment is written, signed by the parties and their
instrumental witnesses and sealed with my Notarial Seal.

WITNESS MY HAND AND SEAL on the date and at the place first mentioned
above.

Doc. No. ______


Page No. ______
Book No. ______
Series of 2024.

Page 2 of 2

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