CONTRACT OF LEASE (motor vehicle)

KNOW ALL MEN BY THESE PRESENTS:

This contract made and executed by and between: (Insert name of lessor), of legal age, Filipino and a resident of __________ hereinafter referred to as the LESSOR;
and (Insert name of lessee), a corporation duly organized and existing under Philippine laws with offices at ____________ , represented by (insert name of authorized representative of the corporation) of legal age and a resident of _________ , hereinafter referred to as the LESSEE;

WITNESSETH:

That the parties have hereto agreed as follows:
1. That the LESSOR hereby lets and leases unto the LESSEE his motor vehicle described as follows:

MAKE: ____________________
MOTOR NO. : _______________
CHASSIS NO. : ______________

2. That the monthly rental shall be in the amount of (insert the amount in words) (amount in numbers), 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 ___________ and ending on ______________ and automatically renewed from year to year unless sooner terminated by a notice of at least thirty (30) days before such termination;

4. 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. 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, the parties have hereunto set their hands this ____ day of _______ 2009 at ________ City, Philippines.

__________________
Lessor

Corporation
Lessee
by: ______________
(authorized representative)

SIGNED IN THE PRESENCE OF :




_______________AND __________________

ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES)
CITY OF __________________ )SS.
X - - - - - - - - - - - - - - - - - - - - - - X

BEFORE ME, a Notary Public for and in the City of ________, Philippines this _______________ personally appeared _____________ with his Community Tax Certificate No._____________issued at ___________ on ___________ and ___________ with his Community Tax Certificate No. ________ issued at ______ on ___________ known to me and to me known to be the same person who executed the foregoing instrument and they acknowledged to me that the same is their own free and voluntary act and deed.
This instrument consists of two (2) pages including this page in which this acknowledgment is written and duly signed by the lessor and lessee, together with his witnesses on each and every page hereof.

Doc. No. ________;
Page No.________ ;
Book No. _______ ;
Series of 2009.