agreement - for extension of lease

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  • 7/24/2019 Agreement - For Extension of Lease

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    AGREEMENT

    (For Extension of Lease)

    This AGREEMENT is entered into by and between:

    _____________, of legal age, Filipino, (single / married / widow),and a resident of _____________, Philippines, (hereinafter referredto as the "LESSOR");

    - and -

    _____________, of legal age, Filipino, (single / married / widow),

    and a resident of _____________, Philippines, (hereinafter referred

    to as the "LESSEE");

    WITNESSETH:

    WHEREAS, LESSOR and LESSEE were parties and signatories to a Contract of Lease

    executed on _____________ whereby the __Leased Property__ belonging to the LESSOR was

    leased by the LESSEE for _____________ (_____) years, up to and including _____________.

    WHEREAS, LESSOR and LESSEE have mutually agreed to extend the term of the said

    lease contract for _____________ (_______) year(s), from _____________ to _____________.

    NOW, THEREFORE, by mutual agreement, both parties have agreed to extend the term

    of the said Contact of Lease for another _____________ (_______) year(s), from

    _____________ to _____________, under the same applicable terms, consideration, and

    conditions of the original Contract of Lease, a copy of which is hereto attached and made anintegral part of this Agreement.

    IN WITNESS WHEREOF, we have hereunto set our hands, this _____________ at

    _____________, Philippines.

    LESSOR LESSEE

    SIGNED IN THE PRESENCE OF:

    __________________ __________________

    ACKNOWLEDGMENT