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Name of Lessor, of legal age, Filipino, married, and a resident of No. 65 Gen.
Aguinaldo St., Roxas City, Capiz, Philippines, (hereinafter referred to as the
"LESSOR");
- and -
Name of Lessee, of legal age, Filipino, single, and a resident of No. 18 Laua-an
St., Roxas City, Capiz, Philippines, (hereinafter referred to as the "LESSEE");
WITNESSETH that:
WHEREAS, the LESSOR is the owner of a certain parcel of land situated in Brgy.
Talang, San Carlos City, Pangasinan, Philippines, more particularly described as
follows:
1. That the term of this lease shall be for a period of five (5) years to commence
upon the signing of this Contract and shall be renewable for another five (5) years
at the option of the LESSEE, and thereafter renewable upon mutual agreement of
the parties;
2. That the monthly rentals on the leased premises above-mentioned shall be Ten
Thousand Pesos (P10,000.00), Philippine Currency for the first two (2) years of
this agreement, which shall be increased by Five Thousand Pesos (P5,000.00)
every year thereafter. The rentals shall be paid by the LESSEE to the LESSOR on
a monthly basis payable on or before the 30th day of every month;
3. That upon the signing of this Contract, the LESSEE agrees to pay advanced
rentals for two (2) months;
4. That the LESSEE shall pay the real property taxes levied on both the leased
premises corresponding to the aforementioned parcel of land and on the building
and other improvements that shall be introduced by the LESSEE ;
IN WITNESS WHEREOF, the parties have hereunto affixed their signatures this
21st day of April 2017 at Iloilo City, Philippines.
LESSOR LESSEE
Witness 1 Witness 2
ACKNOWLEDGMENT
BEFORE ME, this 21st day of April 2017 in the City of Roxas, Capiz Philippines,
personally appeared Name of Lessor with ID No. 123456 and Name of Lessee
with ID No. 654321 known to me to be the same persons who executed the
foregoing instrument, and acknowledged to me that the same is their free and
voluntary act and deed. This contract consists of two (2) pages including this page
in which this acknowledgment is written, signed by the parties and their
instrumental witnesses in each and every page thereof.
Notary Public