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CONTRACT OF LEASE
KNOW ALL MEN BY THESE PRESENTS:
Maria U. Ozawa, of legal age, Filipino, married, and a resident of Dona Pilar Street, Notre
Dame Avenue, Cotabato City Philippines, (hereinafter referred to as the "LESSOR");
- and -
Hermie T. Bagwis, of legal age, Filipino, (single / married / widow), and a resident of #12
Windmill Subdivision, Poblacion 3, Tamse Road, Cotabato City, Philippines, (hereinafter
referred to as the "LESSEE");
WITNESSETH That:
WHEREAS, the LESSOR is the owner of a certain parcel of land situated at #12 Windmill
Subdivision, Poblacion 3, Tamse Road, Cotabato City, Philippines, more particularly
described as follows:
WHEREAS, the Lessor desires to lease the afore-described property in favor of the LESSEE
and the LESSEE accepts the lease subject to the terms and conditions herein set forth.
NOW, THEREFORE, for and in consideration of the terms and conditions mutually agreed
upon by the parties, the LESSOR hereby lease unto the LESSEE, his heirs, successors and
assigns, the above-described parcel of land subject to the following terms and conditions, to
wit:
1. That the term of this lease shall be for a period of Two years (_2_) (years/months)
only to commence upon the signing of this Contract;
3. That upon the signing of this Contract, the LESSEE agrees to pay advanced rentals for
two months (2) months;
5. It is expressly agreed by the parties herein that any fixed improvements or renovations
that will be introduced in the subject stall shall become the property of the LESSOR after
the expiration of the term of this Contract.
IN WITNESS WHEREOF, the parties have hereunto affixed their signatures this August 12,
2017 at Cotabato City, Philippines.
(Signed) (Signed)
MARIA U. OZAWA HERMIE T. BAGWIS
LESSOR LESSEE
(A C K N O W L E D G M E N T)
This foregoing instrument and hereby acknowledged to me that the same is their free and voluntary act
and deed. This instrument consisting of two (2) pages, including this page on which this acknowledgment
is written refers to a CONTRACT OF LEASE of a house and has been signed by the parties and their
witnesses and sealed with my notarial seal.
IN WITNESS WHEREOF, I have hereunto set my hand on the date and place first above
written.
(Signed)
DOC. NO.; 12
PAGE NO.; 15
BOOK NO.; 75
SERIES OF 2017