Professional Documents
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WITNESSETH:
WHEREAS, the Lessor is the absolute and registered owner of a parcel of
land, with all the improvements thereon, consisting of a total land area of
square meters (
sq.m.), more or less, located at
covered by Transfer Certificate of Title No.
issued
by the Register of Deeds of
and Tax Declaration No.
,
copies of which are hereto attached as Annexes A, A-1, respectively;
WHEREAS, the LESSOR has agreed to lease unto the LESSEE, and the
LESSEE hereby agrees to lease, a portion of the above-described property with a
total area measuring
square meters (
sq.m.) , more or
less, and more particularly described in the Segregation Plan and Conceptual
Drawing hereto attached as Annexes B and B-1 (the Leased Premises), subject
to the terms and conditions set out in this Contract;
Monthly Rental
Quarterly Rental
The monthly rental is inclusive of any charges, fees and assessments relative
to the LESSEEs use of the Leased Premises.
The Documentary Stamp Tax for purposes of the execution of this contract
shall be for the account of the LESSOR.
The LESSEE shall pay the rent on a QUARTERLY basis for the Leased Premises
by depositing the same to the LESSORs bank account as follows:
Bank Name / Branch:
Account Name:
Savings Account No.:
2. USE AND APPARATUS. LESSEE shall use and occupy the Leased
Premises as the site of telecommunications facilities and equipment and
may install, operate, maintain, add to, repair, replace and remove the said
facilities and equipment including the necessary upgrading thereof, at
such locations in the Leased Premises as the LESSEE may determine.
LESSOR represents and warrants that the Leased Premises may lawfully
be used for such purpose and shall allow LESSEE or any of LESSEEs
affiliates, subsidiaries, partners, agents, representatives and/or third party
contractors to co-locate or to install, either temporarily or permanently,
anytime during the entire term of the lease, and without additional rental
costs: (a) additional antennas; (b) cables within the Leased Premises to
interconnect the telecommunications facilities and equipment; (c)
power/feeder line; (d) dry cell, generator sets sufficient capacity and/or
other alternative back-up power source to assure continuous power supply
to the antenna; and (e) other requisite telecommunications facilities and
equipment, the same being essential requirements of and for the
LESSEEs business.
LESSOR agrees that all the facilities and equipment installed/placed and/or
caused to be installed/placed by LESSEE in the Leased Premises shall at all
times remain the exclusive property of the LESSEE and/or its subsidiaries,
partners, agents or representatives and the LESSEE shall have the right to
remove it at any time.
3. CARE AND MAINTENANCE OF PREMISES. LESSEE shall, at its own
expense and at all times, maintain the Leased Premises in good
tenantable conditions; and shall surrender the possession of the same at
the expiration or termination of this Contract, in the same condition upon
LESSEEs occupancy, normal wear and tear excepted. LESSEE shall be
responsible for the removal of all telecommunications equipment and
accessories it has installed/placed in the
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4. MAINTENANCE OF EQUIPMENT INSTALLED. LESSOR shall grant the
LESSEEs duly authorized agents, representatives and third party
contractors access to the Leased Premises, Which includes the site where
telecommunications facilities and equipment are installed, to perform
repair, maintenance, and/or installation/upgrading works therein twenty
four (24) hours a day, seven (7) days a week during the entire term of this
Contract.
5. ACCESS AND RIGHT OF WAY. The LESSOR represents warrants and
covenants that the LESSEE shall have adequate and uninterrupted access
to the Leased Premises free of charge, as part of the LESSORs obligations
under this Contract.
Access on the Leased Premises as above-stated, shall include the right-ofway identified in the Segregation Plan attached as Annex B hereto, to be
utilized for the installation of electric posts, pipes, wires, cables,
appurtenances, passage way for personnel, motor vehicles and other
effects, as well as for egress and construction, installation, operation and
10.NOTICES. Any notice which either party may, or is required to give, shall
be made by mail, postage prepaid, and/or by personal delivery to the
following addresses; or at such other places as maybe designated in
writing from time to time by the parties.
Notice to the LESSOR shall be served at the address shown above.
Notice to the LESSEE shall be served on the following:
*name, address, telephone number*
11.RENEWAL OF LEASE. The LESSEE shall have the option to renew the
term of this Contract for an additional period of ten (10) years and the
option shall be exercised by written notice given by the LESSEE to the
LESSOR not later than sixty (60) days prior to the expiration term of the
initial lease.
12.OPTION TO PURCHASE. Should the LESSOR plan to mortgage, sell or
otherwise dispose of its rights, title and interests in and to the Leased
Premises, the LESSOR shall first offer said rights, title and interests to the
LESSEE or its designee at fair market value as determined by a competent
third party appraiser accredited by the Securities and Exchange
Commission and chosen by both parties. In the event the LESSEE or the
LESSEEs designee fails to accept the offer within thirty (30) days from
receipt of the written offer thereof from the LESSOR, the LESSOR may
then make a similar offer to bona fide third parties at the price and under
such terms and conditions not more favourable than those offered to the
LESSEE or the LESSEEs designee.
The LESSOR hereby warrants that it shall include a stipulation in any deed
of sale,
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Mortgagee or transferee shall, at all times during the effectivity of this
Contract, respect all the rights of the LESSEE or its authorized sublessee
under this Contract, otherwise such deed of sale, mortgage, or disposition
shall be null and void ab initio. If for one reason or another any rights of
the LESSEE under this Contract is violated by the LESSOR or its successorin-interest, the LESSOR and its successor-in-interest shall be jointly and
severally liable for all damages and/or expenses suffered or incurred by
the LESSEE, without prejudice to any other legal rights and remedies that
the LESSEE may have under this Contract or any applicable law.
13.PRE-TERMINATION OF LEASE. The LESSEE may, without any penalty,
pre-terminate this Contract with immediate effect, upon prior written
notice to the LESSOR:
[a]
[d] If the LESSOR violates any of the terms and conditions of this
Contract as well as other rights of the LESSEE granted by law
and the LESSOR fails to remedy the same to the satisfaction
of the LESSEE within a period of ten (10) calendar days from
notice of default. The LESSOR shall then immediately return
all unused rentals to the LESSEE, without prejudice to the
right of the LESSEE to claim such other damages incurred by
the LESSEE and to the exercise of any or all rights arising from
this Contract or those granted by law.
[e] For such other reasons other than those stated above; the
LESSEE shall, however, give the LESSOR at least thirty days
(30) prior written notice thereof.
For the avoidance in doubt, in all instances of pre-termination, the
LESSOR shall refund to the LESSEE all unused rentals within thirty (30)
calendar days from effective date of pre-termination of this Contract.
14.WARRANTY. By entering into this Contract, the LESSOR represents and
warrants that he/she good and sufficient title and interest over the Leased
Premises and that he/she has full authority to enter into and execute this
Contract and provide the LESSEE and its authorized sublessee full and
peaceful possession of the Leased Premises during the entire term of this
Contract and any renewals or extensions thereof. The LESSOR shall
indemnify the LESSEE from any and all losses, damages or liabilities that
the LESSEE may suffer in the event that this Contract cannot be enforced
due to a defect in the title of the LESSOR or any adverse claim thereon or
if the LESSOR fails to provide full and peaceful possession of the Leased
Premises to LESSEE and its authorized sublessee.
15.AUTHORITY. The parties hereto represent and warrant that they have full
power and authority to enter into and perform their obligations under this
Contract. The parties further warrant that all necessary actions, consents,
and approvals for the execution for this contract have been taken and/or
obtained. This Contract shall constitute the legal, valid and binding
obligations of the parties to be enforceable in accordance with its terms
and conditions.
16.SEVERABILITY. The declaration by any competent government agency or
court that any provision of this Contract is null, void or unenforceable shall
not affect the other provisions of this Contract which are capable of
severance and which will continue unaffected. The parties agree that any
provision so declared null, void or unenforceable shall be replaced with
valid or enforceable provisions as closely aligned with the original intent of
the parties as possible.
17.SUCCESSORS AND ASSIGNS. This Lease shall be binding and have full
force and effect not only on the parties but also upon their respective
heirs, successors, administrators and assigns.
(LESSEE)
SIGNED IN THE PRESENCE OF:
Signature over
ACKNOWLEDGMENT -
ACKNOWLEDGMENT
(For LESSEE)
VALID ID
DATE/PLACE ISSUED
voluntarily affixed by them for the purposes stated therein, and who declared to me
that they have executed this Contract of Lease as their free and voluntary act and
deed and that they have the authority to sign on behalf of their respective
principals.
This Contract of Lease consisting of
(__) pages including of this
Acknowledgment has been signed on each and every page by the parties and their
instrumental witnesses.
IN WITNESS WHEREOF, I hereunto set my hand and affix my notarial seal
on the date and at the place above written.
Doc. No.
Page No.
Book No.
Series of 2014