LEASE CONTRACT

BASIC PHILIPPINE LEGAL FORMS

CONTRACT OF LEASE

          I, ________________ , of legal age, single/married to ___________ , and a resident of ________________________, in consideration of the agreements hereinafter contained, do hereby lease unto ______________ , of legal age, single/married to ______________________ , Filipino citizen, and with residence and postal address at _________________ for a period of ____________ months/years from and after ___________ , 200___ , that certain parcel of land, together with the buildings and improvements thereon, situated in _________ , and more particularly described as follows:

(Description of Property)

of which I am the registered owner in accordance with the Land Registration Act, my title thereto being evidence by Original/Transfer Certificate of Title No. ________ issued by the Register of Deeds of ________ ;

and

         I, _______________ the above-named lessee, in consideration of this lease, do hereby promise for myself and my heirs and assigns that I will cause to be paid to the said __________ a monthly rental of ____________ PESOS (PHP _________ ), payable in advance during the first _________ days of each month for the entire period of this lease.

(Special Agreements of the lease may be added here)

        IN WITNESS WHEREOF, we have hereunto set our hands at the ________ , Philippines, on this _______ day of 200__ .

_______________

Lessor

WITH MY MARITAL CONSENT (if lessor is married)

____________

Wife of Lessor

_____________

Lessee

SIGNED IN THE PRESENCE OF :

_______________AND __________________

ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES)

CITY OF DAVAO )SS.

X - - - - - - - - - - - - - - - - - - - - - - X

         BEFORE ME, a Notary Public for and in the City of Davao, Philippines this _______________ personally appeared _____________ with his Community Tax Certificate No._____________issued at ___________ on ___________ known to me and to me known to be the same person who executed the foregoing instrument and he acknowledged to me that the same is his own free and voluntary act and deed.

        This instrument consists of two (2) pages including this page in which this acknowledgment is written and duly signed by the lessor and lessee, together with his witnesses on each and every page hereof.

Doc. No. ________;

Page No.________ ;

Book No. _______ ;

Series of 2006 .

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