CONTRACT OF LEASE OF PERSONAL PROPERTY

A contract is a meeting of minds between two persons whereby one binds himself, with respect to the other, to give something or to render some service. (Art. 1305, NCC)

Contract is a juridical convention manifested in legal form, by virtue of which one or more persons or parties bind themselves in favor of another or others, or reciprocally, to the fulfillment of a prestation to give, to do or not to do.

SAMPLE FORM:

[1] Contract of Lease

[2] Know All Men by These Presents:

That [3] __________, of legal age, (citizenship), (single/married) an resident of ______, Philippines, hereby leases his/her car (make/model), with Plate No. ____, Motor No. ____ and Engine No. ____ to [3] _____, of legal age, (citizenship), single/married, and resident of _____, who hereby accepts to leases the said motor vehicle, subject to the following terms and conditions:

[4] (State terms and conditions)

IN ITNESS WHEREOF, the parties have hereunto set their hands this ____ day of ___,2016, in ______, Philippines.

[5]JOHN COVER ARTHURO MORADA

Lessor Lessee

[6] (ACKNOWLEDGMENT)

Parts of THE contract

[1] Title

[2] Announcement

[3] Parties

[4] Conditions or terms

[5] Signatures

[6] Acknowledgement

The author takes no responsibility for the validity, correctness and result of this work. The information provided is not a legal advice and it should not be used as a substitute for a competent legal advice from a licensed lawyer. See the disclaimer

Neil Christian

I want to share to you my knowledge about law, our travels with my family, success principles as well as healthy insights. I hope you will enjoy and learn from my blog.