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Lease Contract

In: Business and Management

Submitted By lans1987
Words 1702
Pages 7


This Contract of Lease is entered into at Davao City , Philippines, this _______day of ______________200_ by and between:

_______________ , _________Citizen, of legal age, with postal address at _______________________________________ , hereinafter referred to as the “LESSOR”.


MR./MRS__________________________________________________with address at __________________PASSPORT NO.:______________________hereinafter referred to as the “LESSEE”,


WHEREAS, the LESSOR is the registered, legal, absolute owner of ___________________________________ (2 Bedrooms-Fully Furnished) w/ Parking Slot and , furnished as per Annex “A” hereof, hereinafter referred to as the “LEASED PREMISES”.

WHEREAS, the LESSEE desires to lease the above-mentioned LEASED PREMISES, and the LESSOR is willing to lease the same unto the LESSEE subject to the terms and conditions hereinafter specified.

NOW, THEREFORE, for and in consideration of the foregoing and the mutual covenants hereinafter set forth, the LESSOR has let and leased, and by these presents does hereby lease unto the LESSEE the aforesaid LEASED PREMISES known as _____________________ , and the LESSEE hereby accepts the same by way of lease, subject to the following terms and conditions:

1. PERIOD OF LEASE. The lease shall be for a period of __________________from _____________, 200_ to_________________200_, renewal thereafter upon mutual agreement. The LESSEE must signify its intention to renew or not renew by written notice thereof to the LESSOR at least THIRTY (30) days prior to the expiration of this Contract of Lease. 2. AMOUNT OF RENT. The parties hereby agree that the monthly rental of the Leased Premises shall be PESOS: _______________________________ ONLY (P ____________________)…...

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