Addendum To Contract of Lease
Addendum To Contract of Lease
Addendum To Contract of Lease
This Addendum is made and entered into this ____ day of December 2018 in reference
to the earlier executed Contract of Lease dated March 13, 2018 by and between:
LUCITA ELAGO ALGABRE, of legal age, Filipino, married to PORFIRIO ALGABRE and
a resident of 1971 Brgy. Dita, Sta. Rosa, Laguna and hereinafter called the LESSOR,
and
W I T N E S S E T H:
1. TERM. The term of the lease shall be for Fifteen (15) years starting at the end of the
Rent Free Period (“anniversary date”), renewable upon mutual agreement of the parties.
No implied new lease shall arise out of this Contract. One year before the expiration of
this Contract, the Parties shall come up with an agreement whether or not to continue
with the Contract. The agreement shall be reduced into writing and embodied in a public
instrument. The agreement shall in no way be treated as the new Contract of Lease
between the Parties.
2. RENT FREE PERIOD. The LESSEE is granted a Rent-Free Period of six (6) months
for the construction and for securing all necessary permits and licenses for the operation
of gasoline service station and will automatically expire at the end of the construction or
6 months of the Rent Free Period, whichever comes first, without further extension.
Expenses during the construction, such as utilities, shall be for the account of the
LESSEE.
3. END OF THE RENT FREE PERIOD. The Anniversary Date or the End of the Rent
Free Period is December 6, 2018.
IN WITNESS WHEREOF, the parties have hereunto set their hands at the place first
above written on ____________________________.
LESSOR LESSEE
CLOVERRIG PETROLEUM TRADING
CORPORATION
By:
____________________________
LUCITA E. ALGABRE ______________________________
WELLY TOHA
President
_______________________________
LESLIE Q. RATUISTE
Corporate Secretary
______________________________ ____________________________
ACKNOWLEDGMENT
known to me and to me known to be the same persons who are personally known to me and who
were identified by me through competent evidence of identity to be the same persons described
in the foregoing instrument, who acknowledged before me that their respective signatures on the
instrument were voluntarily affixed by them for the purposes stated therein, and who declared to
me that they have executed the instrument as their free and voluntary act and deed, and of the
corporation represented herein.
The foregoing instrument refers to an Addendum to the Contract of Lease, consisting of
three (3) pages including this page wherein the acknowledgment is written, has been signed by
the parties and their witnesses on each and every page hereof.
IN WITNESS WHEREOF, I have set my hand and affixed my notarial seal this ______
day of _______________, 2018 at _______________.
Notary Public