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Proposal To Lease Real Estate Property

The proposal offers to lease 675 square meters of real estate property located in front of Tabaco Grand Terminal in Brgy. Pawa, Tabaco City, Albay for 15 years to construct and operate a retail fuel station. The monthly rental rates start at PHP 40,000 and increase every 2 years with a 10% escalation. The lessee will pay a 3 month security deposit, 3 month advance rental, and shoulder the 12% EVAT tax while the lessor receives a 5% withholding tax credit from the lease rates. The proposal offers a 6 month grace period for permit acquisition and construction.

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57 views1 page

Proposal To Lease Real Estate Property

The proposal offers to lease 675 square meters of real estate property located in front of Tabaco Grand Terminal in Brgy. Pawa, Tabaco City, Albay for 15 years to construct and operate a retail fuel station. The monthly rental rates start at PHP 40,000 and increase every 2 years with a 10% escalation. The lessee will pay a 3 month security deposit, 3 month advance rental, and shoulder the 12% EVAT tax while the lessor receives a 5% withholding tax credit from the lease rates. The proposal offers a 6 month grace period for permit acquisition and construction.

Uploaded by

charlottevinsmoke
Copyright
© © All Rights Reserved
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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June 20, 2019

Brgy. Pawa, Tabaco City, Albay

Re : Proposal to lease real estate property

Dear Heidi Ebriega ,

We are pleased to send you our proposal to lease the real estate property situated in front of Tabaco grand
terminal Brgy. Pawa, Tabaco City, Albay. This is for the purpose of constructing and operating a retail fuel
station selling gasoline and diesel products to motorists. We are pleased to send you our proposal with the
following terms and conditions to consider:

Area to be leased : 675 sq. m more or less FRONTAGE: 15m more or less

Lease tenure : 15 years

Lease Rate :
Year Monthly Rental
1 40,000.00
2 40,000.00
3 44,000.00
4 44,000.00
5 48,400.00
6 48,400.00
7 53,240.00
8 53,240.00
9 58,564.00
10 58,564.00
11 64,420.40
12 64,420.40
13 70,862.44
14 70,862.44
15 77,948.68

Escalation :.
10% escalation every 2 years/starting on the 3rd year.

Advances : 3 month/s security deposit


: 3 month/s advance rental
Grace period for Permit
Acquisition and Construction : 6 months

Legal taxes : 12% EVAT shall be shouldered by the LESSEE while the 5%
withholding tax shall be deducted to the lease rates and shall be
credited to the LESSOR.

We hope you find our offer meritorious. Should you need to discuss further details regarding our proposal,
please give us a call at 0917-838-4313 or send your email to [email protected]. Thank you very much and we
are looking forward for a mutually beneficial relationship with you.

For: JETTI PETROLEUM INC.

Dean Carlo Ramos CONFORME:


Network/Business Developer

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