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Contract of Lease
Contract of Lease
CONSERNA C. ILAGAN
WITNESSETH:
1) That the LESSEE shall all the times recognizes and respect the
ownership of title of the LESSORS over the property subject matter of
the Lease Contract;
4) That during the term of this lease the LESSOR upon a written notice
and demand shall have the right to increase the monthly rentals once
in ONE (1) year, at the rate of 10% per annum.
5) That when the LESSEE fails or refuse to pay his monthly rentals for a
period of three (3) successive period the LESSORS shall have the
right to eject the LEASSEE from the premises she is occupying and
renting without of any right of reimbursement for the expenses
incurred for any improvements she have introduced /or put on the
land she have occupied or rented, but failure to take action shall not
constitute a waiver on the part of the LESSORS;
6) That upon the signing of this CONTRACT OF LEASE, the LESSEE
is prohibited from making or introducing additional structure or
improvement on the land presently occupied by her without first
securing the written consent of the LESSOR;Otherwise the lease
cannot claim for any reimbursement of expenses incurred for the said
improvement and the OWNER/LESSOR shall have the right to
demand the removal and demolition thereof;
8) That should the LESSEE desist or to lease the land on the property
lease, provided that all expenses for the said removal shall be made
by the LESSEE herself.
9) That in the event the LESSEE shall vacate and one of the TERMS
AND CONDITIONS of this CONTRACT shall be a valid ground
for a judicial ejectment from the premises;
10) That in the case of suit arising from the LEASE CONTRACT
the LESSORS shall be entitled to damages and attorneys fee in the
amount of no less than _______ pesos.
IN WITNESS WHEREOF, We have hereunto set our hands and affixed our
signature this ___________ day of April 2021 in Manila, Philippines.
LIRIO L. ILAGAN
LESSOR
_____________________ __________________
LIRIO L. ILAGAN
NOTARY PUBLIC