Cancellation Lease (Online)

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CANCELLATION of CONTRACT of LEASE

KNOW ALL MEN BY THESE PRESENTS:

This Cancellation of Contract of Lease, made and entered this ___ day of
_______________ 2021, in the City of Baguio, Philippines;

JEANETTE WONG, of legal age, Filipino citizen, with postal


address at 110 Magsaysay Avenue, Baguio City, hereinafter referred
to as the “LESSOR”;

- and -

ONLINE TROOPER BUSINESS SUPPORT SERVICES


OPC, a domestic corporation duly organized and existing under the
laws of the Republic of the Philippines, with office address at 56 Unit
3C 3/F, Badihoy Street, Guisad Surong, Baguio City, Philippines,
represented by DAISY P. MACULA, by virtue of a Secretary’s
Certificate dated _______________ attached and marked hereto as
ANNEX “A”, hereinafter referred to as the “LESSEE”;

WITNESSETH THAT

WHEREAS, on 23 March 2021, the parties executed a Contract of Lease


over a two-bedroom unit situated at 56 Badihoy Street, Guisad Surong, Baguio
City, specifically Unit 3C, which transaction was entered in the notarial book of
Notary Public Atty. Anne Lucille Ruiz, as Doc. No. 64, Page No. 13, Book No. V,
Series of 2021, a copy of which is attached hereto as ANNEX “B”;

WHEREAS, the parties wish to CANCEL, RESCIND and ANNUL said


Contract of Lease;

NOW, THEREFORE, in consideration of the foregoing premises, the


parties hereby agree as follows:

(1) The Contract of Lease between the parties dated 23 March 2021 over
a two-bedroom unit situated at 56 Badihoy Street, Guisad Surong, Baguio
City, specifically Unit 3C, is hereby canceled, terminated and otherwise
deemed null and void, effective as of ____________________.

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(2) The parties declare that any rights or obligations under said Contract of
Lease are hereby terminated and released and hereby fully and completely
forever discharge and release each other from same.

(3) The LESSOR shall refund the 1-month deposit described in


paragraph 13 of the Contract of Lease, and the LESSEE acknowledges
receipt of the same upon execution of this Agreement.

(4) The LESSOR likewise agrees to return all post-dated checks for the
unused months indicated in the Contract of Lease, i.e.
____________________;

(5) This Agreement shall be governed and construed in accordance with


the laws of the Republic of the Philippines.

IN WITNESS WHEREOF, the parties have hereunto set their hands this
___ day of _______________ 2021, in the City of Baguio, Philippines.

JEANETTE WONG
Lessor
ID No. _______________
Valid until _______________

ONLINE TROOPER BUSINESS SUPPORT SERVICES OPC


Lessee

Herein represented by:

DAISY P. MACULA
ID No. _______________
Valid until _______________

Signed in the presence of:

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ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES )


CITY OF BAGUIO ) S.S.

BEFORE ME a Notary Public for and in Baguio City, this ___ day of
_______________ 2021 personally appeared the above-named parties, with
competent evidence of their identities as appearing below their typewritten names,
known to be the same persons who executed the foregoing Cancellation of
Contract of Lease, consisting of three (3) pages, including the page on which this
acknowledgement is written. The same has been signed by their witnesses and that
they acknowledged to me that the same is their own free and voluntary acts and
deeds.

Witness my hand and seal on the place and date above indicated.

Doc. No. ;
Page No. ;
Book No. ;
Series of 2021.

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