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Form No. 5--Extension of Lease

(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)

 

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