Rent To Own Contract
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How to draft a proper Rent To Own Contract? Download this Rent To Own Contract template that will perfectly suit your needs!
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Granting an extension to the aforesaid grace period may not be deemed as a waiver of LESSOR/SELLER right to terminate this contract and eject the LESSE/BUYER but in the event the LESSOR/SELLER so opts to grant a written request for extension, a penalty equivalent to three (3 ) percent per month of the rental due, with a fraction of a month considered as one month shall be charged and assessed for delayed payments.. JUDICIAL RELIEF AND PENALTY: Should any one of the parties herein be compelled to seek judicial relief against the other, the losing parties shall pay an amount equivalent to One Hundred Percent (100 ) of the amount claimed in the compliant as attorney s fees which shall in no case be less than P 100,000.00 pesos in addition to other cost and damages which the said party may be entitled to under the law, to recover from the other party.. PENAL PROVISION: The parties agree that all covenant and agreements herein contained shall be deemed conditions as well as covenants that if default or breach be made of any such covenants and conditions, then this lease may be terminated and cancelled and the party in breach shall be liable for any and all damages, actual and consequential, resulting from such breach or termination provided however, that no default shall be declared under this lease unless the party in default has given written notice to cure such default within thirty (30) days..
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