Lease Contract Simple Vers
Lease Contract Simple Vers
Lease Contract Simple Vers
This CONTRACT OF LEASE is made and executed at the City of Manila, this 5th day
of January, 2018, by and between:
-AND-
WITNESSETH; That
WHEREAS, the LESSOR agrees to lease-out the property to the LESSEE and the
LESSEE is willing to lease the same;
2. TERM: This term of lease is for ONE (1) YEAR. From January 6, 2018 to January
5, 2019 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.
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. 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.
LESSOR
LESSEE
_____________________________ _____________________________
ACKNOWLEDGEMENT