Sample Lease Contract Agreement Philippines

2. TERM: This rental period is valid for ONE (1) YEAR. (date) included. At the expiry of this lease, this lease may be renewed under terms agreed by both parties, the written letter of intent to renew the lease is served on LESSOR no later than seven (7) days before the expiry of the deadline set here. 10. LEASE EXPIRATION: At the expiry of the lease or termination, as stipulated here, LESSEE will immediately provide the LESSOR with the premises rented with all the appropriate keys and in a condition as good and durable as today, ordinary wear without all occupants, moving furniture, objects and effects of any kind. The non-compliance with the provisions of this clause by LESSEE gives LESSOR the right to refuse the acceptance of the premises after its election and to compel LESSEE to pay the rent at the same rate plus twenty-five (25) % including a penalty until the LESSEE has complied with the above conditions. The same penalty is imposed if the LESSEE does not leave the premises at the expiry of this lease or termination agreement for any reason. 9. LESSOR`S RIGHT OF ENTRY: The LESSOR or its authorized representative has the right to enter the premises in the presence of the LESSEE or its representative at any appropriate time, in the presence of the LESSEE or its representative, in order to examine or repair them, to present them for the operation and maintenance of the building or to expose the premises rented to DESSEE.

or for other legitimate purposes that they consider necessary. (4) THE payment by LESSOR of property taxes on leased land corresponding to the aforementioned land, while LESSEE must pay the property taxes collected on the building and other improvements made by the building; This form is also known as: rental contract, rental agreement, free rental contract, rental, rental, rental contract, lease, lease, lease, landlord, landlord 5. DEFAULT PAYMENT: If the LESSEE is late in paying rent, for example. B if the cheques are disgraced, the LESSOR may, at its choice, cancel this contract and reject the LESSEE.