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Sample Contract of Lease of Motor Vehicle

Contract Contract of Lease Lease Contract


CONTRACT OF LEASE OF MOTOR VEHICLE


KNOW ALL MEN BY THESE PRESENTS:

      This Agreement executed this 25th day of June, 2013 at Makati, Metro Manila, by and between:

      JUAN DELA CRUZ, Filipino, of legal age, single and a resident of No. 11 Santillan Street, Makati City, Metro Manila (hereinafter referred to as “LESSOR”).

-and-

      PEDRO DELOS SANTOS, Filipino, of legal age, single with address at No. 11 Gold Loop Street, Ortigas Center, Pasig, Metro Manila (hereinafter referred to as “LESSEE”).

WITNESSETH:  That -

1. That the LESSOR hereby lets and leases unto the LESSEE his motor vehicle described as follows:
                    MODEL/MAKE : 2011 Isuzu
                    COLOR : Black
                    BODY : Canter
                    MOTOR NO. : 123456
                    SERIAL/CHASSIS NO. : 789666
                    PLATE NO. : XYZ-123

2. That the monthly rental shall be in the amount of P50,000.00 per month, payable at the end of each and every month;

3. That the term of this contract shall be one (1) year commencing on June 25, 2013 and ending on June 25, 2014 and automatically renewed from year to year unless sooner terminated by a notice of at least thirty (30) days before such termination;

4. That all the expenses for the registration, insurance, tire, battery, fuel, care and maintenance of the leased unit, as well as any and all damages and liabilities caused to third parties or the public by reason of any accident whatsoever, shall be fore the sole account of the LESSEE;

5. That the LESSEE may sublease the unit to any other person but the right of LESSOR as herein stipulated shall not be affected whatsoever.

     IN WITNESS WHEREOF, we have hereunto set our hands this 26th day of June 2013 in Makati City, Metro Manila, Philippines.

                  

JUAN DELA CRUZ           PEDRO DELOS SANTOS
                                               Lessor                          Lessee
   


SIGNED IN THE PRESENCE OF:


MARIA MAKILING                      JUAN TAMAD
   Witness                                  Witness


ACKNOWLEDGMENT

Republic of the Philippines)
City of Makati                  ) S.S.

BEFORE ME, a Notary Public, for and in the City of Makati, this 25th day of June 2013 personally appeared:

                         Name                       Identification Card        Issued On/At

             JUAN DELA CRUZ                    SSS I.D. No. 123         1-1-11/Makati
             PEDRO DELOS SANTOS           SSS I.D. No. 222         2-1-11/Makati
             MARIA DELA CRUZ                  SSS I.D. No. 333          3-1-11/Makati  
             MARIA MAKILING                    SSS I.D. No. 444          4-1-11/Makati 
             JUAN TAMAD                           SSS I.D. No. 555          5-1-11/Makati
        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.

      This instrument consisting of two (2) pages, including this page on which this acknowledgment is written refers to a CONTRACT OF LEASE OF MOTOR VEHICLE and has been signed by the parties and their witnesses and sealed with my notarial seal.

               WITNESS MY HAND AND NOTARIAL SEAL.

Doc. No. ____
Page No. ____
Book No. ____
Series of 2013.

 

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