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Contract of Lease With Acknowledgment

lease contract

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Ako Si Badong
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339 views

Contract of Lease With Acknowledgment

lease contract

Uploaded by

Ako Si Badong
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
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CONTRACT OF LEASE

KNOWN BY ALL MEN BY THESE PRESENTS:


This CONTRACT OF LEASE is made and exeuted at the City of ______________________,
This day of ___________,20___ by and between:
(NAME OF LESSOR), of legal age, single/married to (Name of spouse if any),Filipino,
And with residence and postal address at [Address], hereinafter referred to as the LESSOR.
-AND-
(NAME OF LESSEE), Filipino and with residence and postal address at (Address),
Hereinafter reffered to as LESSEE.
WITNESSETH; That
WHEREAS, the LESSOR agrees to lease-out the property to the LESSEE and the LESSEE is willing
to lease the same.
NOW THEREFORE, for and in consideration of the foregoing premises, the LESSOR leases unto
the LESSEE and the LESSEE hereby accepts from the LESSOR the LEASED premises, subject to the
Following:
TERMS AND CONDITIONS
1. PURPOSES: That the premises hereby leased shll be used exclusively by the LESSEE
for residential purposes only and shall not be diverted to to other uses. It is hereby
expressly agreed that if anytime the premises are used for other purposes, the
LESSOR shall have the right to rescind this contract without prejudice to his/her
other rights under the law.
2. TERM: This term of lease is for ONE (1)YEAR, from the [Date] to [Date] inclusive.
Upon its expiration, this lease may be renewed under such terms and conditions as
maybe 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 PESOS:
AMOUNT IN WORDS (P00,000.00), Philippine currency. All rental payments shall be
payable to the LESSOR.
4. DEPOSIT: That the LESSEE shall deposit to the LESSOR upon signing of this contract
and prior to move-in an amount equivalent to the rent for THREE (3) MONTHS or the
sum of PESOS: AMOUNT IN WORDS (P00,000.00), Philippine Currency, wherein the
two (2) months deposit shall be applied as rent for the 11th and 12th months and the
remaining one(1) month deposit shall answer partially for damages and any other
obligations, for utilities.

IN WITNESS WHEREOF, the parties hereto have signed this


contract of the lease this _______day of __________20___, in the City
of _________________,
Philippines.

_______________________________
_______________________________
(Lessor)
(Lessee)

WITNESSES:

________________________________

________________________________

ACKNOWLEDGMENT

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