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  • Aniceto G

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    Arzadon, Angel Mae M.
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    The Philippine National Bank filed a case against SAFA Law Office for breach of their lease agreement. According to the records, in June 1998 PNB leased 632 square meters of office space to SAFA Law Office for 3 years at a monthly rental fee of 189,600 pesos, subject to a 10% annual increase. SAFA Law Office paid the advance rental and security deposit but stopped making payments after December 2002, even though the lease expired in August 2001, and continued occupying the premises until February 2005. PNB claimed SAFA Law Office owed unpaid rent, penalties, and damages for their holdover of the property.

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    The Philippine National Bank filed a case against SAFA Law Office for breach of their lease agreement. According to the records, in June 1998 PNB leased 632 square meters of office space to SAFA Law Office for 3 years at a monthly rental fee of 189,600 pesos, subject to a 10% annual increase. SAFA Law Office paid the advance rental and security deposit but stopped making payments after December 2002, even though the lease expired in August 2001, and continued occupying the premises until February 2005. PNB claimed SAFA Law Office owed unpaid rent, penalties, and damages for their holdover of the property.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    5 views1 page

    Aniceto G

    Uploaded by

    Arzadon, Angel Mae M.
    The Philippine National Bank filed a case against SAFA Law Office for breach of their lease agreement. According to the records, in June 1998 PNB leased 632 square meters of office space to SAFA Law Office for 3 years at a monthly rental fee of 189,600 pesos, subject to a 10% annual increase. SAFA Law Office paid the advance rental and security deposit but stopped making payments after December 2002, even though the lease expired in August 2001, and continued occupying the premises until February 2005. PNB claimed SAFA Law Office owed unpaid rent, penalties, and damages for their holdover of the property.

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    © All Rights Reserved
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    of 1

    ANICETO G. SALUDO JR. petitioner vs.

    PHILIPPINE NATIONAL BANK, respondent


    G.R No.193138.August 20,2018

    Facts

    In compliance with the partnership requirements of the Civil Code, SAFA Law Office established
    a partnership. According to the Record, on June 11, 1998, SAFA Law Office and Philippine
    National Bank entered into a lease agreement, whereby PNB agreed to lease 632 square
    meters of the second floor of the their Financial Center Building in Quezon City for three years
    and for a monthly rental fee of P189,600. The rental fee is subject to a yearly escalation rate of
    10%. The SAFA Law Firm thereafter moved into the rented space and made payments totaling
    P1,137,600 for the advance rental fees and security deposit. On August 1, 2001, the Contract of
    Lease expired and based on PNB, the respondent, SAFA Law office stopped paying its rental
    fees after December 2002 but continued to occupy the premises until February 2005, although
    the contract expired on August 1, 2001.

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