Professional Documents
Culture Documents
iv.
3.
RENTAL FEE: Rental fee of one hundred fifty pesos (P150.00) per month for
the first seven years and one hundred eighty pesos (P180.00) per month for the
eight to the fifteenth year, such amount being the maximum rental;
10. WARRANTY: The LESSORS are well seized of the Leased Premises, having
good right to lease the same, warranting and agreeing to defend their title thereto
and to reimburse and hold the LESSEE harmless for all damages and expenses,
including attorneys fees LESSEE may suffer by reason of any restriction,
encumbrance or defect in such title or in the description of the same;
11. TAX ON IMPROVEMENTS: The LESSEE shall pay all taxes in the
improvements it introduced;
12. TAXES AND OBLIGATIONS: The LESSORS shall pay all taxes and
obligations if any, which are or may become a lien on the Leased Premises, as
they become due;
13. RIGHT OF FIRST REFUSAL: The LESSORS grant LESSEE the right of first
refusal in case of sale, transfer or assignment of a part of or all of the Leased
Premises upon written notice thereof, subject to the alternative right of the
LESSEE to look for a bonafide and qualified purchaser of the same, the latter
having in turn, the right to purchase at the same price offered to third persons
should LESSEE be disqualified to acquire and own land;
14. CONDITION: The LESSORS shall include as a condition of its sale, transfer,
or assignment of the said property to a third person that the terms, and condition
of the May 2001 Lease Contract shall be respected by the latter, subject to giving
notice to the LESSEE of any such sale, transfer or assignment at least ten (10)
days prior thereto, should LESSEE decide not to purchase the same;
15. SUB-LEASE: The LESSEE has the right to sub-lease any portion of the Leased
Premised to any person or entity;
16. ASSIGNMENT: The LESSEE has the right to assign the May 2001 Lease
Contract, in whole or in part, to any third party in a position to perform the
formers obligations under the said contract; and
17. JUDICIAL EXPENSES: In case the LESSEE or the LESSOR shall resort
judicial proceedings to enforce any of its rights under the said contract, the party
at fault shall pay the other reasonable compensation for its expenses and charges,
including attorneys fees.
IN WITNESS WHEREOF, the parties hereto set their hands on this instrument this day of
_________________ at ________________, Philippines.
REYDANTE A. CRUZ
LESSOR
DORINDA A. CRUZ
LESSOR
ELENIDAD C. SANTOS
LESSOR
JULIE C. SAMSON
LESSOR
WILFREDO A. CRUZ
LESSOR
ROBERTO A. CRUZ
LESSOR
MYRNA A. CRUZ
LESSOR
______________________________
ACKNOWLEDGMENT
)
)
)
S. S.
Before me this 7 day of May, 2015, personally appeared the persons listed below,
known to me and to me known to be the same persons who executed the above Contract of Lease and
sworn that the same was executed of their own free will:
ELENIDAD C. SANTOS
WILFREDO A. CRUZ
Valid ID No.
PP ECO180688
33-6727636-7
SSS
Issued at
PCG, OSAKA
Date
30-01-2019.
This Contract of Lease consists of four (4) pages, including the page on which this
acknowledgment is written, and has been signed on the left margin of each and every page
thereof by the parties and their witnesses, and sealed with my notarial seal.
WITNESS MY HAND AND SEAL.