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    Memorandum of Agreement

    Uploaded by

    Bakla Izra
    This Memorandum of Agreement establishes an interim partnership between an Owner and Investor regarding a property. It grants the Investor exclusive right of first refusal to market and lease the property for 6 months in exchange for a P10,000 non-refundable deposit. The agreement details terms such as rental rates, duration of 10 years, provisions for pre-termination, and allows amendments by mutual agreement. Upon completion of responsibilities, the agreement will automatically terminate unless otherwise amended.

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    © All Rights Reserved
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    Memorandum of Agreement

    Uploaded by

    Bakla Izra
    121 views2 pages
    This Memorandum of Agreement establishes an interim partnership between an Owner and Investor regarding a property. It grants the Investor exclusive right of first refusal to market and lease the property for 6 months in exchange for a P10,000 non-refundable deposit. The agreement details terms such as rental rates, duration of 10 years, provisions for pre-termination, and allows amendments by mutual agreement. Upon completion of responsibilities, the agreement will automatically terminate unless otherwise amended.

    Original Description:

    moa for investment

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    This Memorandum of Agreement establishes an interim partnership between an Owner and Investor regarding a property. It grants the Investor exclusive right of first refusal to market and lease the property for 6 months in exchange for a P10,000 non-refundable deposit. The agreement details terms such as rental rates, duration of 10 years, provisions for pre-termination, and allows amendments by mutual agreement. Upon completion of responsibilities, the agreement will automatically terminate unless otherwise amended.

    Copyright:

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

    Memorandum of Agreement

    Uploaded by

    Bakla Izra
    This Memorandum of Agreement establishes an interim partnership between an Owner and Investor regarding a property. It grants the Investor exclusive right of first refusal to market and lease the property for 6 months in exchange for a P10,000 non-refundable deposit. The agreement details terms such as rental rates, duration of 10 years, provisions for pre-termination, and allows amendments by mutual agreement. Upon completion of responsibilities, the agreement will automatically terminate unless otherwise amended.

    Copyright:

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

    Memorandum of Agreement

    This Memorandum of Agreement was made and entered on the ____ day of _______, 2020 by and between:

    _______________________, here unto referred to as the Owner, with a postal address located
    _____________________________________________; and

    _______________________, here unto referred to as the Investor with a postal address located at
    _____________________________________________.

    NOW, FOR AND IN CONSIDERATION of the sum P 10,000 a non-refundable earnest money, the receipt and
    sufficiency of which is hereby acknowledged, it is agreed as follows:

    The Owner does hereby grant unto the Investor the exclusive and irrevocable right, during the term of this
    agreement, the right of first refusal and first option to market, lease out the Owner’s property situated in
    ___________________________ City of, _____________, including without limitation the following described
    property together with all improvements located thereon, upon the terms and conditions hereinafter set forth:

    TERMS AND CONDITION

    This Memorandum of Agreement is to set forth THE INTERIM terms and conditions of this Partnership Agreement.

    It is mutually understood and agreed by and between the parties that:

    1. Right of First Refusal- whereas the Owner Investor and/or Assignee shall reserve the right to first market,
    lease out the property for SIX (6) months enough to conduct the necessary due diligence, Company processes,
    and Marketing. During this time frame the Owner shall not Market, Lease Out, or Sell the property that is
    bounded by this Agreement.
    2. Exercise of First Option- This right of first refusal may only be exercised by the Investor within FIVE (5) days
    from the confirmation by the Owner, that the Owner desires to partner with the Investor on the subject
    property. Owner is obligated to provide such notice to the Investor within TEN (10) days after this Agreement
    is submitted to the Owner.
    3. Earnest Money- the Investor shall make a P 10,000 non-refundable earnest money deposit for reserving the
    first right of refusal of the property for SIX (6) months.
    4. Rental Rate: Option 1- 50/50 split of the Total Rental and the expenses would be shouldered by the Owner.
    Option 2- The Owner shall be payed a fixed rental and the expenses shall be split between the 2
    parties.
    5. Duration- this contract shall be effective for a minimum of 10 years.
    6. PRE-TERMINATION: In the event that the Owner pre-terminate this agreement before the end of the effective
    duration of this agreement or pre-terminate the property before any renovation. Any security deposits given,
    and costs that the Investor has made once this Agreement is signed, shall be prorated or returned.

    7. This MOA may be amended from time to time by mutual agreement of the parties in a written modification
    signed by both parties.
    8. This MOA may be terminated by mutual agreement of the parties, and shall automatically terminate upon
    completion of all responsibilities as stated herein, unless otherwise amended.
    9. The parties shall each be solely responsible for any and all costs associated with their responsibilities under
    this MOA.

    ACKNOWLEDGMENT

    REPUBLIC OF THE PHILIPPINES )

    _______________________ ) S.S.

    BEFORE ME a Notary Public for and in __________, on this __________ day of ________, 2020 personally
    appeared:

    Name TIN no Date

    ____________________

    Owner

    ____________________

    Investor

    known to me and to me known to be the same persons who executed this instrument and they acknowledged to
    me that the same is their voluntarily act and deed.

    This Memorandum of Agreement, consisting of two (2) pages, including this page on which the Acknowledgement
    is written, has been signed by the parties together with their instrumental witnesses on each and every page
    hereof.

    WITNESS MY HAND AND SEAL

    Doc. No. ______

    Page No. ______

    Book No. ______

    Series of ______

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