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Contract of Lease of Motor Vehicle

The document is a contract of lease for a motor vehicle between Juan dela Cruz (Lessor) and Pedro delos Santos (Lessee). It details that Juan dela Cruz is leasing his 2011 Isuzu Canter vehicle with plate number XYZ-123 to Pedro delos Santos for 1 year at a rate of 50,000 pesos per month. The contract specifies that Pedro is responsible for all expenses related to the vehicle during the lease period and can sublease the vehicle but Juan maintains his rights as Lessor. Both parties and witnesses signed the contract on June 26, 2013.

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83 views

Contract of Lease of Motor Vehicle

The document is a contract of lease for a motor vehicle between Juan dela Cruz (Lessor) and Pedro delos Santos (Lessee). It details that Juan dela Cruz is leasing his 2011 Isuzu Canter vehicle with plate number XYZ-123 to Pedro delos Santos for 1 year at a rate of 50,000 pesos per month. The contract specifies that Pedro is responsible for all expenses related to the vehicle during the lease period and can sublease the vehicle but Juan maintains his rights as Lessor. Both parties and witnesses signed the contract on June 26, 2013.

Uploaded by

Gerwin
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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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 Puerto Princesa                  ) 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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