(Extension of Lease)
AGREEMENT
(Extension of Lease)
This AGREEMENT is entered into by and between:
_____________, of legal age, Filipino, (single / married / widow),
and a resident of _____________, Philippines, (hereinafter referred
to 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 an integral part of this Agreement.
IN WITNESS WHEREOF, we have hereunto set our hands, this _____________ at
_____________, Philippines.
LESSOR
LESSEE
SIGNED IN THE PRESENCE OF:
__________________
__________________
(ACKNOWLEDGMENT)