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Sample Contract

This document is a contract of lease between a lessor and lessee. It details the terms of the lease agreement for commercial property owned by the lessor. The key terms include a lease period of one year from June 1, 2020 to May 31, 2021, with a monthly rental payment of P6,000 and utility payment of P1,500. The lessee agrees to maintain the property and not sublease without permission. Any permanent improvements become property of the lessor. The contract is signed by both parties and notarized.

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Wilson Manalang
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133 views2 pages

Sample Contract

This document is a contract of lease between a lessor and lessee. It details the terms of the lease agreement for commercial property owned by the lessor. The key terms include a lease period of one year from June 1, 2020 to May 31, 2021, with a monthly rental payment of P6,000 and utility payment of P1,500. The lessee agrees to maintain the property and not sublease without permission. Any permanent improvements become property of the lessor. The contract is signed by both parties and notarized.

Uploaded by

Wilson Manalang
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

CONTRACT OF LEASE

KNOW ALL MEN BY THESE PRESENTS:


This CONTRACT is made and entered into in the Province of Tarlac,
Philippines, by and between:

____________________, of legal age, married, Filipino, and with residence


and postal address at Burgos, Moncada, Tarlac and hereinafter referred to as
LESSOR;
-and-
______________ duly registered business with Address at Samput,
Paniqui, Tarlac and herein represented by ________________ of legal age, Filipino
and with residence and postal address at Brgy. San Isidro, Paniqui, Tarlac and
hereinafter referred to as LESSEE;
WITNESSETH;
WHEREAS, the LESSOR is the owner of commercial building which is Open
for lease:

1. That for and in consideration of the monthly rental of SIX THOUSAND


PESOS (P 6,000.00) and ONE THOUSAND FIVE HUNDRED PESOS
(P1,500.00) for the utility bills;
2. The term of this lease shall be one (1) year starting June 1, 2020 to May
31, 2021;
3. The monthly rental shall be P6, 000.00 and utility bills P1,500.00
payable in cash only on the 2nd week of each month;
4. That the LESSEE shall not sub-leased to any third parties without the
consent of the LESSOR;
5. That the LESSEE hereby expressly acknowledges that the leased space is
in good tenantable condition and agrees to keep the same in good and
tenantable condition and hereby undertakes to do or cause to be done
any and all necessary repairs and maintenance works for the said leased
space.
6. That any and all improvements of permanent nature shall form part of
the leased premises and shall not be removed even after the termination
of this contract. The LESSEE shall not be entitled for any form of
reimbursement for the said improvements. Moreover, no improvements
or alterations shall be made without the approval of the LESSOR.
7. That the LESSEE is strictly prohibited to keep, deposit or store any
obnoxious substance, flammable materials or those that increase the
risk that may cause destruction of the LEASED PREMISES
8. That if either of the party shall violate any term or condition of this
contract and as a result of the aggrieved party shall file the case in court,
then the erring party shall be liable to the aggrieved party for all
expenses and damages including a reasonable amount of Attorney ‘s fee.

IN WITNESS WHEREOF, the parties have hereunto affixed their signatures


on the date and at the place first above-written.
Lessor Lessee
represented by:

JOBELLE G. LABASAN

SIGNED IN THE PRESENCE OF:


______________________ ______________________
ACKNOWLEDGMENT

BEFORE ME, a Notary Public, for and in Paniqui, Tarlac, this _____ day
of ____________________ personally appeared all known to me to be the same
persons who executed the foregoing instrument This instrument consisting of
two (2) pages, including this page on which this acknowledgment is written and
hereby acknowledged to me that the same is their free and voluntary act and
deed.
WITNESS MY HAND AND SEAL.

Doc. No. _____


Page No. _____
Book No. _____
Series of 2020.

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