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Extension of Lease Format

This document is an agreement to extend the term of a lease contract between a lessor and lessee. The original lease contract was executed on a specific date for a leased property and was set to expire on a certain date. Now, both parties mutually agree to extend the term of the original lease contract for an additional set number of years, from one date to another date. All other terms of the original lease will remain the same during this extended term. Both parties sign the agreement to officially extend the lease.

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Karl Marxcuz Reyes
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191 views2 pages

Extension of Lease Format

This document is an agreement to extend the term of a lease contract between a lessor and lessee. The original lease contract was executed on a specific date for a leased property and was set to expire on a certain date. Now, both parties mutually agree to extend the term of the original lease contract for an additional set number of years, from one date to another date. All other terms of the original lease will remain the same during this extended term. Both parties sign the agreement to officially extend the lease.

Uploaded by

Karl Marxcuz Reyes
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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(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 _____________.

WHEREAS, all other terms of the Lease shall continue during this extended
term as if set forth herein.

WHEREAS, this agreement shall be binding upon and shall inure to the
benefit of the parties, their successors, assigns and personal
representatives.

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)

Republic of the Philippines)


City/Mun. of _______________) S.S.

BEFORE ME, a Notary Public, for and in ________________, this ___ day of
_____________ personally appeared _____________________________ who
presented to me their competent evidence of identity by way of
_____________________ issued at ___________________ on
____________________ all known to me to be the same persons who executed the
foregoing instrument and hereby acknowledged to me that the same is their free and
voluntary act and deed.

WITNESS MY HAND AND NOTARIAL SEAL.

Doc. No. ______


Page No. ______
Book No. ______
Series of ______

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