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-And-
-WITNESSETH
That in case of default, the amount of rentals due or owing shall, as penalty, bear
interest at the rate of two (2%) percent per month, to be computed from the date
of default until fully paid without prejudice to the right of the SUBLESSOR to
terminate this Contract and eject the SUBLESSEE as hereinafter set forth.
3. PURPOSE. The SUBLESSEE shall use the sub-leased portion of the premise
exclusively for Food Stand (Mami and Pares Stand) only. The SUBLESSEE is
prohibited to sell, consign, dispose, or have the business operated by a third party
without the written permission of the SUBLESSOR. Otherwise, the same shall
constitute a breach of this agreement.
The SUBLESSOR subleases the portion of the property to the sublease on anAS-
IS, WHERE-IS basis. Thus, the SUBLESSOR, upon the commencement and
duration of the sublease, shall not be responsible for any major and minor repairs
to be done on the sublease premises and the same shall be for the account of the
SUBLESSEE.
b) Convert the subleased premise into any other purposes other than to which
the parties herein have intended it;
d) Store, place and deposit in the leased premises any merchandise, goods
and substances, the storing, keeping or depositing of which is prohibited
by laws, rules, regulations order or ordinances of the national or city
government, or by the terms of the policies of insurance covering said
leased and subleased premises.
10. DISTURBANCE, ETC. Disturbance or discontinuance of the possession of the
subleased premise by the SUBLESSEE which may cause beyond the control of
the SUBLESSOR shall confer no right of any kind to the SUBLESSEE as against
the SUBLESSOR.
a) If the rentals stipulated or any part thereof shall at any time be in arrears or
unpaid; or,
b) Upon written notice of termination given by one party to the other at least
thirty (30) days prior to the intended date of termination; or,
Upon termination of this Contract as herein above provided, it shall be lawful for
the SUBLESSOR or any person duly authorized on his behalf without any formal
notice or demand to enter into the said premise hereby subleased or any part
thereof, without prejudice on the part of the SUBLESSOR to exercise any or all
rights arising from this Contract and those given by law.
13. WARRANTY. The SUBLESSOR shall maintain the SUBLESSEE in free and
peaceful possession and use of the lease premises during the continuance of the
lease provided the business operations being conducted by the SUBLESSEE shall
not be contrary to public morals and order.
14. The CONTRACT shall be binding upon the heirs, executors, administrators,
successors and assign of the parties.
IN WITNESS WHEREOF we have hereunto affixed our signature this ____ day of
March _____ 2017 at the ______________________________________________.
BY: BY:
(SUBLESSOR) (SUBLESSEE)
WITNESSES:
____________________ ______________________
ACKNOWLEDGEMENT
In Metro Manila, on this ______ day of ______, personally appeared the following:
Known to be the same persons who executed the foregoing instrument and
acknowledgement to me that the same is their true and voluntary act and deed.
Witness my hand and seal on the date and place above stated.