Budget Hotel Near Citiland Tower Pasong Tamo

REAL ESTATE LEASING

MODEL OF REAL ESTATE LEASING

In City of ............, dated ............ 2 ... .. . he / Sr / a. .........................., DNI. No. .........., residing at street ............ the town of .......... , Hereinafter referred to on / the "LANDLORD / A / owner / a / Seller / a" on the one hand, and on the other he / Sr / a. ......... ......... .........., ID No. ... .. .........., Residing at street ............. the town of ............... , Hereinafter referred to on / the "TENANT / A / Buyer / a", enter into this Lease Agreement, subject to the following terms and conditions:

ONE: NATURE OF AGREEMENT. The parties agree to sign this lease contract, understood as a lease with option to buy. "For the first five years of the contractual relationship, this will be the nature of a lease. That period may be converted to a sales contract, according to the provisions listed hereafter .-

TWO: PURPOSE. The / the LANDLORD / a given in location to the / the TENANT / A and he / she accepts this concept, the property located at street ............. the town of .......... . Which has the following characteristics: .......................................... ......................................-

THREE: TERM. The term of the lease provides five (5) years following the day ...... of .......... of 2 ..... Until the day ...... of .......... 2-.....-

FOUR: PRICE. The price of the lease is agreed in the sum of weights ................ (Son $........) month. The monthly rent will be paid in advance from first to tenth day of each month in real estate offices .......... .............. street-based the town of .......... .-

Leases are negotiated for periods of full month, so if for any reason the tenant does not complete its occupation during a given month, the rent due for the entire month. The late payment of rent will result automatically by the mere passage of time and without need of prior management or .-

Produced the rent arrears to be paid with a penalty interest of .. percent .. (... ....%) per month .-

FIFTH: FAILURE. In case of breach of the / the tenant / a, subject to the penalties that down in the other clauses, the / the landlord or she may request enforcement of this agreement or resolve because of the / the tenant / ay request the immediate eviction. Establishing this right for the / the LANDLORD / A as in the case of non-payment of two (2) months' advance rent on time and form prescribed. In any event, the event he / the tenant / a abandons the location or deposited in court the keys, you must pay him / the landlord / to a fine equal to the agreed rent since the start of trial until the day he or the landlord / to take the free and effective possession of the property. -

SIX: assignment: This lease is transferable and their transgression will be considered grounds for eviction. Also, it is forbidden to him / the TENANT / to sublet all or part of the property or to borrow even free or allow occupation by third parties in any character .-

SEVEN: AMENDMENTS: It is prohibited changes in the property without written permission from the landlord. Those that may be made, will be at the sole benefit of the owner once the term of the lease, without any right to compensation. -

EIGHT: FAILURE TO RETURN: This contract governed location solely by the provisions of existing legislation, he / the TENANT / A must return the leased property at maturity, no excuses, delays, or appeal of any kind. However, if for any reason the property was not returned when due, without prejudice to the exercise of the relevant actions by the / the LANDLORD / A for the eviction, he / the TENANT / A has to pay in compensation for illegal occupation, a daily amount equal to ten (10) percent of the rental amount agreed upon in the second clause, until he / the LANDLORD / A actually get the refund the sake of complete satisfaction. It is agreed that such compensation may be claimed by the same route as that provided for the collection of rents. If he / the LANDLORD / A considers that the damages he thereby incur the failure to deliver in terms of compensation were higher than agreed, he / the LANDLORD / A may claim them. Is clear that the permanence of the / the TENANT / A in the building locado after expiration of the Agreement in any case you can configure automatic renewal or renewal of the lease, so we can always demand the return of a at any time .-

NINTH: FEES AND SERVICES: These are supported by the / the TENANT / A the following charges for the property covered by this: LIGHT, GAS, WATER, SEWER, EXPENSES .......... ....... .......... should at every opportunity to pay the monthly rent, he / the TENANT / A, provide the receipts for payment of the items listed above, or which may be applicable, or to be set in the future. This contract is enforceable enough for the debts that may arise by virtue of the agreement in this clause. He / the tenant / a need to transfer the ownership of the electricity, water and gas in your name, within 30 days from today. After this time, the lessor is authorized to terminate such services, running on behalf of the / the tenant / a reconnection. Upon return, the property must be provided with all services connected and payments to date .-

TENTH: DEPOSIT: As security for the faithful performance of all obligations agreed in the contract, he / the TENANT / A provided in this act the sum of weights ... ......... (That's $ ..................). This deposit is refundable at the end of the contract. Serve this with sufficient receipt and receipt of payment for the amount mentioned. The amount paid in trust, in no case shall apply to the payment of rent arrears, or may be requested its complaint to any concept in case of eviction .-

ELEVENTH: STATE OF GOOD LOCADO: The / the TENANT / A receives the property in perfect working order, committing the / the TENANT / A to reinstate the property in the same condition you received, except natural wear produced things by their proper use and over time. Borne by the / the LOCARTARIO / A repairs for any defect occurring in the unit, of any kind as may be .-

TWELFTH: DESTINATION OF THE LOCATION : The / the TENANT / A devoted the property to home ownership and their families can not provide another destination for any reason. Failure to comply will be cause for termination and eviction, without prejudice to other actions for breach of contract .-

THIRTEENTH: DELIVERY OF THE KEYS: At the end of the lease, if not Formulare valid option, delivery of the keys or the property can only be justified in writing issued by the / the LANDLORD / A or administrator, no other evidence admitted. If the / the TENANT / A entered the keys, also payable to the LANDLORD / A fixed rent, until the day he / the LANDLORD / A accepts the deposit or be given possession of the property .-

FOURTEENTH: FACILITIES: He / the TENANT / A receives in this act the property facilities .................................. ......................... in perfect condition and conservation, working properly, leaving them in the same state pledging to restore the possession of the property. It is noted that the openings are in full count with all its components, namely: ................................ ... The electrical installation is completely finished, be in possession of all your boxes, sockets, switches, sockets ............................... The water system has all taps, faucets, fittings, key steps, pipes, screens and cameras complete, in perfect condition, uncovered, without loss, and running. -

FIFTEENTH: REPAIRS: All damage, breakage and / or wear suffered by the property, facilities or devices for the duration of this contract, shall be borne by the Tenant, addressed structural repair or accessories; essential, necessary or merely convenient. Nevertheless, he / the TENANT / A will report promptly to the / the LANDLORD / A for any damage suffered by enabling the property itself or its representatives free access to any reliance on the property, when it deems necessary inspection. He / the tenant / a agrees to allow any work that is necessary for conservation or improvement .-

SEVENTEEN. APPLIANCES: The property comes with the following devices: ......... .................................. The bathroom has .............................................. .......... Kitchen has ............................................ .................................................. ...................- EIGHTEENTH

: LIABILITY. The / The TENANT / A assumes full responsibility for damages that may result in the inside, with, in, by or through the property locado. It also assumes the responsibility of the property by fire, whatever its cause, for which purpose must engage the relevant fire insurance .-

PART TWO: FUTURE SALE.

NINETEENTH: OPTION TO PURCHASE. After the expiration of five years fixed location in the third clause, he / tenant / a may make the option to purchase the property subject of this described in the second clause. In this case, the contract automatically becomes Ticket sales .-

TWENTY: CONDITIONS FOR MAKING THE CHOICE . To make a purchase option, the / the tenant / a must have given timely and complete compliance with all its obligations under this contract. The purchase option shall be made by reliable means, addressed to him / the owner / the seller / a. Inevitably must be made between sixty and ninety calendar days prior to the completion of the contract, ie during the month of .......... year ....... Said last calendar month, the / the landlord will forfeit the right to make a purchase option. -

TWENTY. SPECIFICATIONS SUBJECT: Sale of the property described in the second clause, located on the street .............. , In the town of .......... be made "ad corpus, being the same individual with the following cadastral and registration: ............................. .................................................. ....-

same measurements are as follows: ............................... ....................................-

TWENTY: PRICE. PAYMENT: The total price agreed for the sale is set at the sum of PESOS ............................... . (That's $ ...................) to be paid by the / the Buyer / a as follows: -

A) Rentals paid: the rent paid during the first five (5) years for a total weight ............................... ... (Son $....................) shall be considered as an advance payment of price .-

B) The balance, ie the sum of weights ............................ (They will be paid $..................) .......... equal and consecutive monthly installments of dollars ........ (Son $...................) each, payable before the tenth day of each month, on the street ............ ... , In the town of .......... Or where he or the seller / to designate in the future. The first will expire on 10 of the month following the conclusion of the term of the lease, ie the day ....... the month of .......... the year ........ So that there is no discontinuity between rental payments and fees to balance .-

price

TWENTY-THIRD: STATUS: This sale is made on the basis of clear title, free from all encumbrances and / or inhibition and all taxes, levies and payments to date of the deed and / or possession unopposed third .-

TWENTY: GUARANTEE MORTGAGE: As security for payment of the obligation in Clause TWENTY subsection B), along with the deed will constitute the mortgage in the first degree, favor of the seller, by the total remaining balance of the price. -

TWENTY. FORMAILIZATION: The deed and mortgage constitution will be signed within .......... calendar days after the end of the lease term, ie before ....... the month of ......... year ......, By the clerk before ......... .......... , With offices in the street .......... ..... , In the town of .......... , Who must convincingly cite the parties five (5) days prior to the act of the deed. The seller reserves the right to change notary .-

TWENTY: CLAUSE TOTAL COST FREE. All costs of this operation will be borne by the / the buyer / a. Will be responsible for the costs, fees, taxes, sealed and commission payable for any reason whatsoever, whether these fishes on / the Buyer / a or / the seller / a interchangeably. It will charge, including the payment of transfer tax Property set by the / the seller / a, and clothing parcel status .- TWENTY-SEVENTH

: punitive interest. If he or the buyer / to fall behind in its payment of the agreed quotas, or the occurrence of the automatic expiration of terms, is imposing a double penalty interest rate charged by the Bank ... ... ... ... ... ... ... ... ... ... for its discount operations (lending rate) .-

TWENTY: FAILURE. If he or the buyer is late in payment of two consecutive installments, the agreed payment plan will automatically expire, transforming the entire debt in a cash payment obligation, automatically, without need of any, can he or the seller / a creditor / to proceed with the judicial enforcement of the debt without further ado. In default if he or the seller's home, must answer for damages that generates the buyer.

PART THREE: SECURITY.

TWENTY: GUARANTEES: He / Sr / a. DNI N º.................. .........................., , Residing in street .................................... the town of ......... and / Sr / a. ......................... , ID No. ... ... ... ... ... ... ........., ............., street residing in the town of ......... . , Hereinafter named "guarantor / guarantors, are the guarantors of solidarity, co-debtors and principal paying plain and all obligations of the / the tenant / a / buyer / a, hereby waives the benefit of division , discussion and / or questioning before he or the debtor's home, agreeing to be direct borrowers of all obligations assumed by the / the TENANT / A / buyer / a in this contract. His responsibilities continue until he / the LANDLORD / A / vendor / to be given and received for leased property under the conditions laid down, and provide for payment of all sums which may become due for any reason he / the TENANT / A. In case of option validly formulated, its obligations are until he / the Buyer / a finish to cancel all the obligations arising from the purchase. Survive even their obligations even after the expiration of this lease, if he / the TENANT / A to continue occupying the premises for any reason, even with the eventual agreement / the LANDLORD / A, even if for any legal provision , the future / the LANDLORD / A is specified to tolerate seeing an extension of the lease in any condition. It also assumes responsibility for costs, expenses and fees that may accrue during any trial that as a result of this agreement is stated to start seeing / the LANDLORD / A / seller home, either by eviction, collection of rentals, foreclosures, collection of repairs and / or compensation which could be convicted on / the TENANT / A / buyer / a, can be reclaimed at any trial or in the same file where you earned. In any case, the creditor may enforce debts against the debtor's direct and / or guarantor of solidarity, at its option .-

THIRTY: BUILDING ON WARRANTY. The warranty is in compliance with this, comprises the entire estate of the surety, making special mention that its assets are located, the date of signature of this, a building located in the street ...... ................... the town of ............................................ Whose cadastral and registration are the following: ........................................ ...................................-

Part surety claims to be sole owner of the above property, and that it is free from all encumbrances and is not subject to statutory homestead. Undertakes to keep within its domain the unit cited above, no longer offer it on other warranties either make any such disposition or administration that could jeopardize its free availability on an unrestricted basis or in any way diminish the effectiveness of the security provided. Breach of this clause by the guarantor configure guilty of breach in the terms of art. 172, and consistent following of the Penal Code, authorizing him / the LANDLORD / A to initiate criminal actions, and then terminate this contract immediately requesting the return of property locado. If the sale of the property or collateral is actually decline should occur after an option to purchase validly issued, shall constitute sufficient grounds to operate the automatic expiration of deadlines established in the twenty-eighth clause of the contract.

PART FOUR: GENERAL AGREEMENTS

Thirty-first. PROCEDURAL ARRANGEMENTS. In the event that began execution for debts arising from the contractual relationship, which lays down the procedural agreements: -

a) shall be exempted from the recognition of the firm / the tenant / a / buyer / a in the preparation stage through enforcement, the action can go and recognition exclusively to the guarantor or both, option he or the lessor / a / vendedor/a.-

b) In case of an auction, the base price shall be the total of the debt, regardless of the existence of other creditors, or what is the assessed value .-

c) The auctioneer shall be chosen by the court / the landlord / a

d) is exempted the performer to publish notices in newspapers individuals, but merely make it in the Official Gazette .-

e) The / the tenant / a / buyer / ay the surety provided pursuant to the realization early up three successive auctions on the same day, namely the totality of the first, with a 25% off the second and third baseless. Between each auction should be a difference of one hour at least, and may be called in one act by one publication of banns.

f) He / the debtor / a resignation from and to the right to challenge unjust court. This agreement will be entered in the constitutive deed of mortgage .- Thirty-second

. TAX STAMPS: Both parties agree that the stamp tax will be paid in full by the / laLOCATARIO / A COMPRADOR/A.-

Thirty-third. JURISDICTION. CONSTITUTION OF HOMES: For all legal effects arising from the implementation of the contract, the parties voluntarily submit to the jurisdiction of ordinary courts of .......... .......... , Renouncing any other jurisdiction that may correspond to addresses for service and special setting for the purpose of any notice or subpoena, or extra-judicial, in the above mentioned .-

conformity Read and sign .......................... copies of the same tenor and to one effect, each party removing its copy .-

SIGNATURES .-