Extension Of Lease.docx

(Extension of Lease) AGREEMENT (Extension of Lease) This AGREEMENT is entered into by and between: _____________, of legal age, Filipino, (single / married / widow), resident of _____________, Philippines, (hereinafter referred to as the "LESSOR");

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- and _____________, of legal age, Filipino, (single / married / widow), 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 _____________. 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)