CONTRACT OF LEASE OF REAL 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 rende...

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:
 
This Contract of Lease is made and executed by and between: 

[3]   FELIMON SIA, , of legal age, Filipino, married to Erlinda Mercado, with address at # 28 Aurora Blvd., Quezon City, hereinafter called the LESSOR; 

- and –

PETER PANTS, of legal age, Filipino, married to Anastacia Lim, with address at # 30 Aurora Blvd., Quezon City, hereinafter called the LESSEE; 

Witnesseth that:

[4] WHEREAS, the LESSOR is the true and absolute owner of a residential house and lot located at #30 Aurora Boulevard, Quezon City, herein after referred to as “Property” ; and 

 WHEREAS, the LESSOR leases unto the lessee, and the latter hereby accepts the lease from the former.  
 
[5] NOW THEREFORE, for and in consideration of the above premises and covenants provided below, the LESSOR hereby leases the PROPERTY to the LESSEE who accepts it [6] under the following terms and conditions: 

1. The lease shall be for one year from execution of this agreement;
2. The monthly rental on the PROPERTY leased shall be P5,000.00, payable in advance within the first  five (5) days of each month;
3. All ordinary repairs concerning the PROPERTY shall be for the sole account and expense of the LESSEE, without right to reimbursement;
4. The LESSEE shall use the PROPERTY exclusively for family dwelling, and shall have no right to use the same for business and other purposes;  

The Lessee hereby acknowledge that he has received the Property in good, habitable condition and undertake to maintain the such condition throughout the duration of the lease;


[7] FELIMON SIA                    PETER PANTS
Lessor                                Lessee


With my marital consent:
Zenaida de Guzman

Signed in the Presence of:
_____________________  ________________



parts of THE contract 
[1] Title
[2] Announcement
[3] Parties
[4] Whereases
[5] Agreement proper
[6] Conditions or terms
[7] Signatures
[8] Acknowledgement    

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