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2 - Contract of Lease Willander
2 - Contract of Lease Willander
-And-
WITNESSETH That:
WHEREAS, the LESSOR agreed to ease, and the LESSEE has to agreed to
accept, by the way of lease the ONE UNIT (UNIT NO. __) of the said building under the
terms and conditions set forth below:
NOW, THEREFORE, for and in consideration of the foregoing premises and the mutual
covenants and premises, the LESSOR hereby leases unto the LESSEE and the
LESSEE hereby accepts in lease the aforementioned lease premises, subject to the
terms and conditions:
7. DEPOSIT: Upon signing of this Contract, the LESSEE binds himself to make a
security deposit in the amount of NINETY THOUSAND PESOS (P90,000.00)
Philippine Currency, which will be reimburse to the LESSEE upon the
expiration of this Lease of Contract subject to any unpaid utilities and damages
in the leased premises.
10. USE OF LEASE PREMISES. LESSEE’s use of the Leased Premises together
with the above-mentioned improvements shall be confirmed to activities related
to business. The Lessee undertakes and agrees to comply with all laws,
ordinances, rules and regulations, all covenants, conditions, and restrictions on
record available to the premises or the use or occupancy thereof, as many
have been previously made known to the LESSEE, LESSEE furthermore
agrees and undertakes not to do or permit any act on the premises or permit
the use of the same in the manner that will violate or make inoperative any
policy of fir or other hazard insurance carried on the premises or any part
thereof.
12. TAXES AND LICENSES. Real estate taxes assessed on the Leased Premises
shall be for the account of the LESSOR except assessed and imposed on other
improvements introduced by the LESSEE on the leased premises. Also, other
If said damage or fire organized from acts of the LESSEE and destroys the
leased premises and its interiors, the LESSOR shall not be held liable thereof
and the LESSEE shall undertake the necessary repairs at its own expense. In
this case, the LESSEE shall be required to pay the rent during the construction
period whether or not it continues to do business. This should not be taken to
entitle the LESSEE to terminate the lease contract.
The LESSOR or his duly authorized representative shall, after prior notice to and
arrangement with the LESSEE, have the right to enter the leased premises, at
any reasonable day/hours which would cause least disturbance to the operation
of the LESSEE.
16. EFFECT ON CONTRACT: This Lease Agreement supersedes and render void
any and all undertaking, oral and written, previously entered into by the
LESSOR and the LESSEE regarding the property herein leased; and this
agreement may not hereafter be modified or altered except by instrument in
writing duly signed by the LESSOR and LESSEE.
17. BINDING EFFECT. This Contract shall be binding not only between the parties
hereto but also upon their prospective successors and assigns.
18. LESSOR WARRANTY: The LESSOR hereby warrants and guarantees the
peaceful possession and enjoyment by the LESSEE of the leased premises
during the leased period.
No default shall be declared even if the remedy has not ben completed within
thirty (30) days if the party in breach has commenced the remedy and is
proceeding diligently for the purpose of completing the same.
21. VENUE OF ACTION. The parties further agree to submit themselves to the
appropriate Court of Tagbilaran City, Bohol in the event of any or all legal
actions that may arise from any violation of any provisions of this Contract of
Lease.
ACKNOWLEDGEMENT
known to me to be the same persons who executed the foregoing instrument and they
acknowledged to me that the same is their free and voluntarily deed.
Doc. No._________
Page No._________
Book No._________
Series of_________