commercial lease contract form word
TERMS AND
CONDITIONS
1. PREMISES - LESSOR hereby
leases to LESSEE and LESSEE hereby leases
from LESSOR approximately twelve (12) square meters
more or less of total land area, as is improvement, situated in 19D
Malagasang 2E, Imus, Cavite which shall be referred to as the “Premises”.
2. USE OF THE PREMISES
- The Lease is for
the purpose of operating a commercial or retail business only which the Lessee is
engaged in. The LESSEE, at his own expense may put up
improvements upon prior consultation and written approval of the LESSOR within
the premises hereby leased for the purpose of storage, retail, wholesale and
commercial in nature and not for any purpose whatsoever. It is being expressly
agreed that if, at any time during the existence of this lease and without the
previous written consent of the LESSOR, the said premises are used
for the purposes other than what is stated, the LESSOR has the
option of either terminating the lease or collecting increased rental as deemed
appropriate from the date of diversion of use of the premises or to
compel the LESSEE to stop the unapproved activity.
3. TERM OF THE LEASE - The term of this
Lease Contract is for a period of One
(1) year(s), renewable for an unspecified duration at terms mutually
agreeable to both parties, commencing on February 13, 2019 and ending at midnight
of February 12, 2019, In case of pre-termination by the
lessee, for any reason whatsoever, the LESSOR has the right to
collect any remaining rentals corresponding to the unexpired portion of
the LEASE period, or until such time a new LESSEE comes.
This LEASE shall not be deemed extended or
renewed beyond the period time above-mentioned for any cause or reason
whatsoever and unless the parties agree in writing to extend or renew or enter
into a new Contract to Lease upon such terms and conditions acceptable to them,
the possession of the Premises by the LESSEE or any persons
claiming rights through the LESSEE, after the expiration of the
term thereof, shall be illegal.
Any renewal or extension of this Contract must be expressly agreed upon
by the LESSOR and LESSEE in writing and under no circumstances
can such renewal or extension be considered as having made impliedly.
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