Memorandum Of Agreement Lease Sample Philippines

1) that the term of this lease begins from the signing of the contract for a period of – (years/month) (years/month) (years/month) from the signing of this contract and may then be extended by mutual agreement between the parties; 3. RENTAL RATE: The monthly rental price of rented premises is IN PESOS: AMOUNT IN WORDS (P 00,000.00), Philippine currency. All rents must be paid to THEOR. 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 operate and maintain the building or to expose the premises rented to DESSEE or any legitimate use it deems necessary. 6. SUB-LEASE: LESSEE cannot sublet, admit, or completely or indirectly, the occupation of premises rented by a person, form or organization, or transfer or transfer its rights to another person or institution under that sub-direction and no interest or transfer rights are transferred by the LESSEE without the written consent of the ESOR. A rental agreement identifies basic information about the rental agreement, for example. B property for rent, lease term, deposit and monthly rents. It outlines the obligations of the landlord and tenant during the duration of the tenancy. The parties choose the above addresses as their physical addresses for the purpose of providing a notification, payment of any amount and legal action in connection with this property lease.

Each party can change the information about its physical addresses at any time, by written notification to the other party. This amendment will come into effect on the 7th day after the other party receives the notification. Any notification that the landlord must send to the tenant is considered valid if it is sent by prepaid recommended letter to the tenant in the property or left by the landlord or his representative at that address, which is considered to be 5 days after the publication by recommended letter or on the day of sending the notification by telephone. 2. That the monthly rents on the rental properties mentioned above _____P____________die then _____P____________ The rents are paid monthly by LESSEE to the LESSOR payable on the day of the month or before the _______th day of the month; The owner wishes to lease the property mentioned above for the benefit of the LESSEE, and the LESSEE accepts the lease under the conditions set out in it. 1. PURPOSES: The premises leased here and there are exclusively uses by LESSEE for residential purposes and are not used for other purposes. It is expressly agreed herein that if the premises are used at any time for other purposes, THEORS has the right to withdraw from this contract, without prejudice to its other legal rights.