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    Contract of Lease

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    DevlinKey
    This document is a contract of lease between Jaidison Agustus G. Diego (Lessor) and Maria Donna Fugaban (Lessee). The Lessor agrees to lease a commercial stall located in Tuguegarao City, Cagayan to the Lessee for a period of 2 years, renewable for another 3 years. The monthly rental is PHP 3,000 and is due by the 30th of each month. The Lessee is responsible for electric and utility bills and may only use the premises for business purposes. Repairs due to ordinary wear and tear are the Lessee's responsibility. The contract can be rescinded if rent is not paid or any conditions are violated.

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    © All Rights Reserved
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    Contract of Lease

    Uploaded by

    DevlinKey
    82 views2 pages
    This document is a contract of lease between Jaidison Agustus G. Diego (Lessor) and Maria Donna Fugaban (Lessee). The Lessor agrees to lease a commercial stall located in Tuguegarao City, Cagayan to the Lessee for a period of 2 years, renewable for another 3 years. The monthly rental is PHP 3,000 and is due by the 30th of each month. The Lessee is responsible for electric and utility bills and may only use the premises for business purposes. Repairs due to ordinary wear and tear are the Lessee's responsibility. The contract can be rescinded if rent is not paid or any conditions are violated.

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    CONTRACT OF LEASE.docx

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    This document is a contract of lease between Jaidison Agustus G. Diego (Lessor) and Maria Donna Fugaban (Lessee). The Lessor agrees to lease a commercial stall located in Tuguegarao City, Cagayan to the Lessee for a period of 2 years, renewable for another 3 years. The monthly rental is PHP 3,000 and is due by the 30th of each month. The Lessee is responsible for electric and utility bills and may only use the premises for business purposes. Repairs due to ordinary wear and tear are the Lessee's responsibility. The contract can be rescinded if rent is not paid or any conditions are violated.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    82 views2 pages

    Contract of Lease

    Uploaded by

    DevlinKey
    This document is a contract of lease between Jaidison Agustus G. Diego (Lessor) and Maria Donna Fugaban (Lessee). The Lessor agrees to lease a commercial stall located in Tuguegarao City, Cagayan to the Lessee for a period of 2 years, renewable for another 3 years. The monthly rental is PHP 3,000 and is due by the 30th of each month. The Lessee is responsible for electric and utility bills and may only use the premises for business purposes. Repairs due to ordinary wear and tear are the Lessee's responsibility. The contract can be rescinded if rent is not paid or any conditions are violated.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    CONTRACT OF LEASE

    KNOW ALL MEN THESE PRESENTS:

    This instrument made and executed by and between:


    JAIDISON AGUSTUS G. DIEGO, of legal age, and a resident of Caritan Highway, Caritan
    Sur, Tueguegarao City, Cagayan, hereinafter called LESSOR;

    -And-
    MARIA DONNA. FUGABAN, of legal age, a resident of Caggay, Tuguegarao
    City, Cagayan, herein after called LESSEE;
    WITNESSETH: That

    WHEREAS, the LESSOR is the owner of that commercial stall located at Caritan
    Highway, Caritan Highway, Tuguegarao City, Cagayan and has agreed to lease auto the LESSEE
    The said commercial stall under the following term and conditions, to wit:

    TERM: The term of this leases shall be for period of two (2) years starting on
    ___________________, 2018 and end on____________, 2022, subject to renewal for a similar
    Period of (3) years upon mutual agreement of the parties;

    RENTALS: The monthly rental of the aforesaid leased premise shall be P 3,000
    Philippine Currency and payable on or before the 30th day of the month and every month
    Thereafter without further demand;

    PAYMENT OF ELECTRIC BILLS, ETC- The LESSEE shall pay for defray a their
    Own expense the consumption of electric light or other services on the leased premises;

    USE OF REMISES – THE LESSEE shall use the commercial stall exclusively for
    Business purpose and not for any unlawful activity;

    REPAIR AND MAINTENANCE- for ordinary wear and tear upon occupancy will be
    Borne by the LESSEE. Any improvement on the commercial stall should in no way affect the
    Architectural and structural design of the commercial stall;

    IMPROVEMENTS – NO major improvement or, revision, shall be made by the LESSEE


    On the commercial stall without the approval of the LESSOR;

    VISITATION ON THE LEASED PREMISES: The LESSOR or his authorized agent


    Shall by previous arrangement with LESEE shall have the right to enter the leased premises at
    any reasonable time to examine the same or to make any alternations or repairs, or for the
    purpose which it may deed necessary for the operation or maintenance of the commercial stall.

    PROHIBITION ON SUB-LEASE; THE LESSE are prohibited to sub-lease the leased


    Premises during the term of these lease.

    RECISSION OF CONTRACT- In case of non-payment of the rental herein stipulated, or


    Violation of any condition of Contract, the lease shall be considered rescinded and the LESSOR
    Shall have the right to demand the LESSEE to vacate the premises within five (5) days from
    demand.

    VENUE OF COURT ACTION – Any court action arising from the violation of this
    Contract shall be filed in the proper court at Tuguegarao City, Cagayan.
    Page Two (2)

    IN WITNESS WHEREOF, the parties have signed there presents this ______day of
    ______, ______, at Tuguegarao City, Cagayan.

    SHELDIMER M BALTAZAR JEFFREY P DIEGO


    Lessee Lessor

    SIGNED IN THE PRESENCE OF:

    ______________________________ ______________________________

    ACKNOWLEDGMENT

    REPUBLIC OF THE PHILLIPINES)


    PROVINCE OF CAGAYAN ) S.S.
    CITY OF TUGUEGARAO )

    BEFORE ME personally appeared the above-named person, known to me and known to


    Be the same persons who executed the foregoing instrument and acknowledged that the same
    is their free and voluntary act deed.

    WITNESS MY HAND AND SEAL.

    Doc. No.
    Page No. Notary Public
    Book No.
    Series of 2018

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